Buying a health insurance plan needs research, affordability, insurance coverage benefits, and many more things. You have purchased a health insurance plan that suits your budget and requirement. Hence it is essential to renew your health policy to avail benefits and coverage. But if you have forgotten to renew your policy, what will happen. Let’s know about it in detail.
What happens when I forget to renew my health insurance policy?
Generally, every credible health insurance agency has 30 days waiting period from the policy starting date; after that, you can get the insurance coverage benefits. When you renew your insurance, you can make certain there is no casual waiting period to compensate for medical expenditure. If you postpone renewing your policy, that will occur another 30 days waiting period. Our expert Health Insurance Advisor in Noida Sector 37 at Bima Plus recommends the best health insurance plan.
Get no claim bonus of 5% every claim-free year.
From the date your policy started, various covers such as already existing diseases and maternity cover normally have 3 to 4 years of a waiting period. If you have not renewed your policy timely, the waiting period will begin again from the starting forfeiture of the previous premium and on-time renewal to date.
Hence, it is important to renew your health insurance policy timely to ensure you acquire ample coverage according to your health policy. If you don’t know how to renew your health insurance policy, get assistance from Health Insurance Advisor in Noida Sector 10 through Bima Plus.
You can monitor and remind policy renewal date with the help of several helpful online gadgets. After you get the reminder, it will be easy for you to renew your policy within a couple of minutes.
Easy process of health insurance renewal
At present, we know that it is easy to renew your health insurance policy through online mode. You can take the help of the internet, and there are so many online payment methods. You can make payment through NEFT, IMPS, UPI transfer, and all that.
Final thought
If you have delayed in policy renewal, you will not get different coverage and advantages that you have gained from timely premium payment of health insurance renewal. Hence, it is essential to take care of the due date of premium payment. Moreover, your Health Insurance Advisor in Noida Sector 21 can remind you of your health insurance policy renewal.
