Looking for right words to write price increase letter by referring to a professionally written sample? We wrote in basic format after reviewing dozens of template, example and advanced writing guidelines.
Customer hates to receive the notification letter about price increase and thus you need to write the letter with strong justification and valid reason behind.
Justify the price increase by increases in the product costs or it’s being less than other increases against the product offered by competitor.
It’s important to keep your price increase letter as simple, brief and focused as possible for fast and easy understanding.
Do a proofread and eliminate grammar and spelling errors in your price increase letter.
Sample Price Increase Letter
(Print Price Increase Letter On Corporate Letterhead)
(Customer Street Address)
(City, State, Zip Code)
Dear (Customer Name),
POLICY NO: (Policy Number)
INSURED : (Name)
Premium Increase For Insurance Policy
We regret that rapidly rising costs for medical treatment necessitate our raising the premiums paid of medical insurance by 10%.
In the view of this, your yearly premium for your Policy will be (new pricing amount) effect from the next Policy Anniversary due on (date).
We would like to bring to your attention the terms and conditions revised as attached. We strongly encourage you to refer them.
For uninterrupted coverage, please remit to us the revised premium upon renewal of your Policy.
Should you need further clarification, we would be pleased to answer your queries.
Please call any of our customer service representatives at our toll-free number 123-456-7890.
We look forward to assisting you.
Click here to read on how to write a price reduction request letter.
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