Once you buy health insurance online, it is your responsibility to renew it at the end of its tenure for uninterrupted coverage. This would not only keep you protected in the event of an unfortunate medical contingency but would also give you peace of mind.
Say you require surgery and have to be admitted to the hospital. Surgeries and the medical expenses that come with it aren’t cheap. With valid health insurance, you wouldn’t have to foot all your medical bills as your insurance provider would settle them for you. But in case you forgot to make a timely renewal due to unavoidable circumstances – you’d have to settle all the medical bills from your own pocket.
Now you can buy health insurance online and renew it online as well – making timely renewals that much easier. Here are a few benefits of renewing your health insurance online.
After you buy health insurance online, you will have to renew it after a year, or if you’ve taken a long term policy – after three to five years. To ensure continued protection, you will have to make timely renewals of your policy, and you can do this easily online.
A lapsed policy can leave you stranded and you run the risk of not having the protective cover of an insurance policy when you most need it. Your health is something you shouldn’t take risks with. So it is best to take note of your renewal date when you buy health insurance online and set reminders to alert you when the policy tenure is reaching its end. This way you can make timely renewals and ensure continued protection.
When you make timely health insurance renewals online, you get the benefit of lifetime renewability. Health insurance can be difficult to get after a particular age as you would be more at risk for ailments and would require increased medical care. You need not worry about that with lifetime renewability. It allows for continuous renewal for life without any restrictions or age bar.
However, if you fail to renew your insurance, you might lose this benefit and it might be hard to buy health insurance after a particular age. There is also a risk of your insurance premium increases, as health insurance policies become more expensive the older you are.
You might have been unable to renew your policy as travelling to your insurance provider centre proved to be difficult. This shouldn’t be a hindrance to getting uninterrupted coverage, which is where renewing your health insurance online would help. You can do it from the comfort of your own home, it would save time and fuel, and the process is smooth and hassle-free.
When it comes to health, it can be a matter of life and death, a cash positive life or a debt-ridden one, which is why it is of the utmost importance that you have active health insurance at all times. With quick and easy online insurance renewals, you can live your life worry-free as we’ve got you covered.
Join our WhatsApp and Telegram Channels to stay updated with the latest CSR news and exclusive updates.
By donating to India CSR as you feel moved, you become more than a reader—you become a partner, a co-navigator charting the course for a more enlightened future.