Renewal of Health Insurance
My insurance company has given 2 options for renewal 1 with old policy and another with new policy with upgrade. In second option the premium is increased by 3000. When I asked what is the difference I am told that there is no difference and I can go for old policy if I want now but from next year new policy will be implemented and premium will be increased.
I want to understand if there is any guideline like this for renewal from April 2021.