I had purchased ICICI Lombard in 2008. Till 2015 I had not made any claims and therefore my sum insured grew to Rs.600000/- due to No Claim Bonus. In 2015, for my wife’s surgery I had to make a claim. The claim was for a cash less hospitalisation, which the company had settled in full without any hassles. For this service I give full 100 marks to the company.
But it was a shock when I was asked to renew my policy and the premium came to Rs. 42, 237/- for two years. My last premium paid was Rs.23, 190/- in 2013. I am 54 years and my wife 53 years. Some how this jump in premium does not satisfy me. If the company had given me bonus then they should not calculate the premium on the bonus value. That’s what I feel. I hope ICICI Lombard will review their views. I can be contacted on 939003xxxx.
Regards.