I am writing this to make people aware that how this company is cheating their customers.
I purchased a Maxbupa mediclaim policy from Policybazaar.com for 10lacs coverage for Rs.14, 450. It was never mentioned to me that the policy premium can increase the very next year. This year to renew the policy the amount is Rs. 20, 220 with an increase of more than 40%.
How is this fair to customers who trust your company and buy a policy from you? I understand if there is an increase of a small amount like 5%-7% but not by more than 40%.
Shame on you and Indian government to allow this.