Platinum protect
Undue increase in annual premium

Sir,

i applied for a sum assured of rupees 50 lakh under your policy plan PLATINUM PROTECT and made a payment of rs.14229 as initial premium. Later I received a revised offer from the company that they can provide me sum assured of rs.25 lakh only due to some financial documents being not complete which i accepted. I was issued policy number 828632158 with annual premium of rs.5801 service tax. Some time later I received a call from company that i can be provided a sum assured of rs.50 lakh if i wish to. For that i have to fulfill certain financial documents and i have to surrender the policy issued to me. So i completed the formalities and surrendered the policy. Then i was issued another policy but again for rs. 25 lakh {policy number 803446657} with every term being same as old policy but the annual premium has been increased to rs.6825 service tax. I want to know that if i was not to be allowed sum assured of rs 50 lakh why i was asked to surrender the previous policy and if so why the annual premium being increased from rs 5801 to 6889 being both policies having every term and conditions same.

thanking you

Kamal Kishore Tambi

date:17-11-10 mobile no. 09828012475

email: tambikamal@yahoo.com

Company: Platinum protect
Country: India
State: Rajasthan
City: Jaipur

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