Health Magazine

How to Renew Your Health Insurance Policy Online

Buying healthcare insurance is a vital step in safeguarding your health and finances. However, your responsibility doesn’t end there. Timely renewal of your health insurance policy is equally important to ensure continuous coverage. 

In this digital era, where convenience is at your fingertips, renewing your policy has also become quick and hassle-free. Read this article to learn how to renew your healthcare policy online with just a few clicks.

What is Health Plan Renewal? 

Health plan renewal refers to the process of extending your existing healthcare insurance for another term. It allows you to continue enjoying the benefits and coverage provided by your insurance plan.

Understanding the Grace Period for Health Plan Renewal 

The grace period is a specific duration after your policy expires. You can renew your health plan during this period without losing the benefits and coverage. It varies from insurer to insurer, so it’s crucial to be aware of the grace period provided by your insurance company.

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Why Should You Renew Your Health Plan Before Expiry? 

Renewing your health plan before the expiry date offers several advantages:

1. Continuous Coverage

Renewing your health plan ensures uninterrupted coverage, protecting you against unexpected medical expenses.

2. No Waiting Period

By renewing on time, you avoid the waiting period for pre-existing conditions. The waiting period is a specific duration during which certain ailments or conditions are not covered. Timely renewal helps you bypass this waiting period.

3. NCB Benefit

Some medical insurance policies offer a No Claim Bonus (NCB) benefit for every claim-free year. Renewing your policy before expiry allows you to retain or accumulate NCB benefits, which can lead to premium discounts or increased coverage.

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4. Pre-Approved Health Check-ups

Certain policies provide pre-approved health check-ups at renewal. By renewing on time, you can avail of these check-ups, which help in the early detection and prevention of potential health issues.

How can you Renew Your Health Plan Online? 

Renewing your health plan online is quick and convenient. Follow these simple steps:

  • Step 1: Visit the insurance company’s transaction webpage and provide your policy number.
  • Step 2: Provide your date of birth. In the case of family health insurance plans, you can provide the DOB of any insured family member.
  • Step 3: Click submit to receive your annual medical insurance premium.
  • Step 4: Proceed to the payment section and make the requisite payment using your debit/credit card or net banking.
  • Step 5: Once your payment is successful, you will receive a policy transaction number and a link to complete your application form. Remember, your policy is issued only when you complete the application form.

Things to Keep in Mind While Renewing Your Health Plan 

While renewing your health plan, keep the following points in mind:

1. Review Your Coverage

Take the opportunity to review your coverage requirements. Analyse any changes in your health needs and ensure your policy offers adequate coverage for your current circumstances.

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2. Check for Updates

Review the policy terms and conditions to check for any changes or updates made by the insurance provider. Stay informed about any modifications that may affect your coverage.

3. Disclose Relevant Information

Provide accurate and updated information while renewing your health plan. Disclose any changes in your health condition or personal details to avoid complications during claim settlement.

What Happens if you do not Renew Your Health Plan on Time? 

Failure to renew your health plan on time can have consequences:

1. Loss of NCB Benefits

Delayed renewal may lead to a loss of accumulated No Claim Bonus benefits, resulting in missed premium discounts or reduced coverage.

2. Waiting Periods

If you let your policy lapse and renew it later, you may have to serve waiting periods again. This means certain ailments or conditions may not be covered immediately.

3. Financial Risks

Your coverage will expire if you don’t renew your policy before the grace period. This means the insurance company will not cover any medical expenses, and it can have a significant financial impact on you.


Renewing your health insurance policy on time is crucial to maintain uninterrupted coverage and access to essential healthcare benefits. You can easily renew your health plan online by following the simple steps above. If you still don’t have medical insurance, it’s high time to take charge of your health.

Secure your future by getting the best health insurance plan from Niva Bupa Health Insurance. You can start with their affordable customised plans at just ₹20/day. Moreover, their claim process is fully cashless, and you can get reimbursed in less than 30 minutes. So, choose Niva Bupa and begin your journey towards a healthier and happier life.

Author Bio:

This is Aryan, I am a professional SEO Expert & Write for us technology blog and submit a guest post on different platforms- Technoohub provides a good opportunity for content writers to submit guest posts on our website. We frequently highlight and tend to showcase guests.

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