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Factors To Consider When Renewing Health Insurance Plans Online

Published On Oct 06, 2021

Health insurance plans offer a wide range of advantages to the policyholders at the time of a medical emergency. It offers monetary support to the individuals which helps them in saving their finances and receiving quality treatment at the private hospitals without worrying about the money constraints. Health insurance plans offer basic advantages like the pre and post hospitalization costs, ambulance charges, room rents, domiciliary expenses, medication costs, and much more. People with a health insurance plan can receive cashless claims in the network hospital of the health insurance provider. It also provides financial security along with the promise to safeguard one's life by compensating for the medical treatment of the policyholder.

Due to the advancements in the facilities provided to the people in different sectors, it has become easy for people to receive and overcome various processes. Health insurance providers have introduced the digital way of buying and renewing a health insurance policy. Under this the customers can visit the official websites of the insurers and buy or renew their health insurance plans without much time investment and effort. While making any transaction online you can use secured payment gateway options provided by the insurers and follow certain key points to get suitable and best services without any hassles.

Factors To Consider When Renewing Health Insurance Plans Online

Factors To Consider When Renewing Health Insurance Plans Online

Following are some of the key factors that must be kept in mind while renewing your health insurance plans online at the official website of your health insurance provider:

  • Revise Claim Amount

You can revise your sum assured of the health insurance policy only at the time of the renewal of your plan. Therefore, if the claim amount is insufficient or extra for you and your financial budget, you can get it revised with the help of your health insurance provider. To understand the sufficiency of your claim amount, you must analyze your requirements and then take necessary steps. Some insurers allow the policyholders to enhance their existing covers by adding add-on covers with desirable sets of benefits.

Must Read: Health Insurance Policy Renewal - Guide To Online Process

  • Check Renewal Terms

The health insurance providers usually remind their policyholders 45 days in advance for the renewal of their existing health insurance plan. Under this reminder, they mention the details of the policy like the policy number, sum assured, coverage, etc. which the policyholder must cross check carefully, and then get necessary changes made on time.

  • Health Insurance Requirements

Before renewing your existing health insurance policy, you must review the needs and demands of your loved ones along with that of yourself, so that you can get additional cover in case of insufficient coverage. You can get additional coverage for a new member in the family, according to your financial budget.

  • Options To Port The Policy

If a policyholder is not satisfied with the services of their current health insurance provider, then the IRDAI gives them the flexibility to port their policy with the same set of features and benefits. To get your policy ported, you must intimate the insurer at least 45 days before the date of expiration of the current plan. During the porting of the plan, the policyholders do not lose their accumulated rewards like the no claim bonuses and cumulative discounts.

Importance of Health Insurance Plan Renewal

Health insurance plans come with a policy tenure, which is the period after which the policy benefits cannot be availed by the individuals. Before the expiry date of the health insurance cover bought, the policyholders must get their plans renewed to continue availing the same set of features and benefits under the health insurance policy. When buying a health insurance plan it is important to get a plan with lifetime renewability services to make sure that there is no maximum age limit for the renewability of the health insurance plan.


It is essential for the policyholders to keep a track of their policy tenure and get their policy covers renewed without any delay. The renewal of the policy enables the policyholders and their loved ones to stay secured and receive monetary compensation in case of a medical emergency.

Also Read: Steps To Renew Health Insurance Plans Online

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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