Reliance General Insurance - Reliance Healtwise Insurance-Stupid Pricing
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Complaint by: Amit Baid on September 18, 2010, 12:04 pm in Insurance All

I took a Reliance Healthwise Policy in 2008, policy no. 1********5002566. My age is 27.i have not made any claim in the policy. I was shocked to see my renewal premium at 9,127. Previsouly i paid 3,092/- for the same Plan, same Features & same Age bracket.

I too work for a General Insurance Co, i know there has a price revision acorss companies under Health Insurance, but a revision of 300% is Stupidity!!!!!

What are the factors that Reliance is considering for the revision.

The claims ration in the age bracket of above 50 is very high, but Reliance is penalizing all the customers with 300% hike in the renewal premium.

i want Reliance to explain me what did they consider before announcing such non-sense revision in the premium.

Complainant's Goal: I want Reliance to justify the 300% revision in the renewal premium.
Complainant's Target: Reliance General Insurance
Complaint Location: IndiaTamil NaduChennai
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Sat, 18 Sep 2010  Message from iComplaints.in Helpdesk

An email communication has been sent to Reliance General Insurance on September 18, 2010, 12:04 pm