Health insurance is an important financial product that protects your savings in the event of a medical emergency. Illness can strike at any age and therefore, every member of the family – from the youngest to the oldest – must have health insurance cover.
Even if you have a busy schedule, buying or renewing health insurance is now easier than ever. You can simply get your health insurance online through the insurance provider’s website. If you are about to renew your health insurance online for the first time, here is a quick guide to help you out.
Prior to policy renewal
Before renewing your health policy online, it is advisable to look around and compare plans from different insurance companies. This will help you evaluate whether you are truly getting a good deal on your existing health plan. Additionally, reassess your own insurance needs. For instance, if you recently got married, you might want to switch to a new plan that incorporates your spouse too. Once you have narrowed down what you need, do ahead and follow the next set of steps for renewing your health insurance online.
The steps involved
Renewing your health insurance online is really simple and will only take you a couple of minutes. Here are the steps:
- Enter your basic information
Once you go online to the insurance company’s website, you need to head to the health insurance section and search for the option that allows you to ‘renew’ your policy. Once you click on this, you will be prompted to fill up some basic information such as your name, mobile number, PIN code, and existing policy number.
- Opt for add-ons
You can opt in for add-ons while renewing your health insurance online. Do make sure to look into the options to ensure your coverage is truly comprehensive.
- Proceed to payment
You then get directed to a screen that shows you the premium you need to pay to renew your policy. If you go ahead, you will be taken to the online payment portal. You can make the payment via debit card, credit card or even netbanking.
- Receive a digital copy of policy
Once your payment has gone through, you will receive a digital copy of your renewed health policy. You can save this or even print and file it.
This is an overview of the steps involved in renewing health insurance online. Do remember that these may vary slightly between insurance companies in India.
A few tips to keep in mind
While renewing health insurance online is fairly simple, here are some tips to keep in mind:
- Renew your health insurance before it lapses to enjoy the no-claim bonus (provided you did not make any claims)
- Do read all the terms and conditions of the policy
- Make sure to contact customer support for any query before making a payment
Remember to never let your health policy lapse. Illness can strike at anytime and it is always best to be prepared. Follow these simple steps to renew your health insurance online today and enjoy true peace of mind.
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