Renew Your Health Insurance Policy On Time


We receive hundreds of inquiries on our website every month and we have seen that in many cases the mediclaim or the health insurance policy of the client has already expired or is just about to expire.

Looking at these figures we thought we would explain to our visitors about the benefits of renewing their health insurance policy before time and avoiding the discomforting situation. We have already advised our clients in previous articles about the importance of health insurance and why it has become a necessity rather that a choice. By opting to buy a health insurance policy you have already taken a very wise decision, but at the same time you need to be punctual on renewing your policy on time every year.

Lets look at the advantages of renewing your policy on time.

  • For each claim free year, a bonus of five per cent is added to your sum insured subject to a limit of 40 to 50% percent, depending upon your insurance company.
  • If you have renewed before the expiry and Even if you have a claim in the next day of the renewal date, you are entitled for reimbursement of expenses.

Now, Lets look at the disadvantages.

  • If you have registered a pre-existing disease/illness, you would be covered for the same after three or four years from the date of commencement of your health insurance policy. If you do not renew on time and there is a break, you may again have to wait for 3 to 4 years for these pre-existing diseases to be considered in your policy.
  • In case you have made a claim, then it becomes even more important to renew your policy on time otherwise, this claim would be considered as a pre-existing disease and your premium may go higher for the new policy.

Our advice to our customers would be to renew your policy before the expiry date and avail the full benefit of your health insurance policy.

—Sponsored Ads—

Apply & Compare the best Health Insurance plans in India. Get Free Health Insurance Quotes

5 Things You Must Consider When Buying Health Insurance For Senior Citizens

If your parents have been without an insurance plan, then you must look for an appropriate Health Insurance cover immediately. Though there are limited options available in the market, you can still get a decent…

Gift your parents a senior citizen health insurance plan this Diwali

Gift your parents a senior citizen health insurance plan

This Diwali Avail the best way to take care of your parents. Your families health comes first, tax saving is just a bonus. Let insurance companies take care of your families hospital & medical bills….


Why Health Insurance is no more just an option

The great irony of healthcare in India is that while the country is renowned as a low-cost destination for health treatment by foreigners; the citizens are increasingly complaining about the rising medical expenses. So, while…


Common medical insurance mistakes & steps to correct them

Listed below are some frequently committed grave errors while choosing a health insurance policy and ways to overcome them. 1. Concentrating only on the premium amount and deductible 2. Blindly deciding to buy what a…


Getting married? Get these must-have insurance covers

IF you are getting married now, it is quite possible that you and your spouse are young. Much of your working life lies ahead of you, and, therefore, you may have a long way to…

Health Expenses after Retirement

How will you deal with Health Expenses after Retirement?

Try and recall the fondest memories of the first job you had. Yes, that job when you were in your twenties and was eager to impress the boss for even a small pay cheque or…

health insurance status

Status of Health Insurance in India – Online Research Report

We have analysed more than 29,000 responses from users of this tool on our website to gather some insights about the proportion of users looking to buy health insurance or those looking to revise…


ICICI Prudential – Easy Retirement Insurance Plan

We all wish to pursue a good life after the retirement. This we look forward to purchased such a pension plan which can help us spend a financially sound life even after we stop working….


Accident cover – Why you should have one

It’s a fact that to cover the risk of death we have life insurance policy and to take care of the hospitalization expenses there is health insurance policy. Nearly all of us are familiar with…


Why every woman should have a health insurance policy

A woman holds an important role in her home. In India, the government and society give importance to education for every girl child to ensure that they take up a career that will provide them…

Be the first to comment on "Why every woman should have a health insurance policy"

Leave a comment