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Helth insurance renewal

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11 Nov, 2023 by  Raghu Reddy

I had taken a health insurance from Icici Lombard .Now it's the time to review my policy.But the company has increased premium by 75% without intimation before 3 months as mentioned in policy wordings according to IRDA regulations.What can I do.when I purchased the policy they didn't disclosed about an increase in renewal primium. Can sue them in consumers forum ,can I get relief.

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Health Insurance

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01 Dec, 2023

Hello Raghu,

Insurance companies are required to inform you about any changes at least 90 days before renewal, as per IRDAI guidelines. Since they didn't do this, you can file a complaint against them. Here's an article that outlines the step-by-step process for filing insurer-related complaints in India: https://www.beshak.org/insurance/opinion/articles/filing-insurance-related-complaints-in-india/

I hope this helps. Thank you!

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