ICICI Lombard – New high Premium – Review

I Have ICICI lombard medical policy which i am renewing since 4 years (Start date 05-Jul-2010) and doing renewal every year. The premium i paid last year was Rupees 9811.00 and Suddenly This year the renewal amount is Rupees 26,609.00. Policy number – 4034i/FFH/72378748/01/000. ICICI said the policy is converted to new policy automatically because of IRDA guidelines and you have to renew your policy with New high Premium.

The renewal is Do or Die situation because if i don’t renew policy the there will be no medical insurance cover, and if i go for New Policy from another company there is Locking Period of 2 Years for pre existing illness etc. Renewal is Costing me around 3 times More that last years premium.

Complainant Information
name- jshingate e-mail jshingate@gmail.

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