Benefits of Health Insurance Policy Renewal Before Expiry


Each renewal of health insurance is valid for a specific period of 1, 2 or 3 years. After this period, the policy must be renewed. Renewing your health insurance is required to continue to benefit from the policy cover. The health insurance you have purchased can be renewed through your health insurance provider’s portal.

Health insurance plans have a fixed duration. They are usually valid for 1, 2 or 3 years. After that period and before the policy expires, the plan must be renewed for the policyholder to take advantage of it. Suppose the policy is not renewed and expires. In that case, the policyholder will lose accumulated benefits such as no claim bonus or waiting period benefits and will have to repurchase the policy, which can be difficult.

Health Insurance Renewal

Renewing your health insurance policy is just a few minutes. The health insurance policy can be renewed online or offline at your discretion. Most health insurance companies offer online renewal services as this saves customers time and offers flexible payment options, regardless of the mode in which the priority of renewing health insurance coverage should be maintained.

Medical/Health Insurance Renewal Guide

In addition to constant peace of mind, timely renewal of your insurance policy gives you the following benefits:

Continuous Protection

Most health insurance companies do not offer health insurance to clients over a certain age. This is because in old age people usually have any pre-existing medical conditions or chronic diseases. To avoid a situation where a person may need health insurance but cannot get it, they should get it when they can. Renewing health insurance promptly provides ongoing protection by the terms of the purchased policy.

Tax Benefits

When purchasing a health insurance policy, the policyholder is entitled to tax benefits under section 80D of the Income Tax Act 1961. To continue enjoying tax benefits, they should renew their health insurance policy promptly.

Health insurance premium rises in price with age

The younger you are at the time of your health insurance coverage, the lower your premiums will be. Thus, if you allow your current health insurance policy to expire, you may not get a policy with the same health insurance premium, it will become an expensive part of life.

How do I renew my health insurance policy online?

Renewing your health insurance online is a quick and easy process that only takes a few minutes. All you have to do is follow these four easy steps –

Provide necessary information about your previous policy, such as policy number and expiration date. Fill in other required information.
Pay with debit/credit card/network bank.

After authorizing the payment, you have issued a copy of the policy with a digital signature. The political document can be printed at any time and saved on paper. When you renew your insurance online, you receive a username and password so you can check your policy details online on the insurer’s website.

Check change in Terms & Conditions of your Policy

Your policy terms remain the same if you renew your policy by IRDA rules; the insurance company cannot change this based on an unfavourable explanation. Under the IRDA Regulations, any changes to premiums or benefits can only be made with IRDA approval and notified by the insurance company at least three months before the renewal.


In general, people tend to think that buying health insurance has done everything, but this is the wrong approach. Updating your health insurance policy in a timely and correct manner is necessary to purchase the appropriate health insurance.

And since there are several things, such as increasing the sum insured and changing the offered details, you can only do this when renewing your policy. However, a planned approach to renewing your coverage is beneficial in a rush at the last minute.

Renew your health policy on time so that you and your family are never go without health insurance.


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