• Points to Remember while Renewing Health Insurance

    Once you have insured your family under the most idyllic health plan, you also have the responsibility of renewing the policy on time. With most of the insurers providing online facility, the entire process of renewal has become fast and increasingly convenient. Take a look at some of the key features and requirements we have listed below, if you plan to renew your health insurance any time soon.

    Renew Your Policy on Time:

    Generally in case of discontinuance of premiums, insurance companies provide 15 to 30 days grace period before lapsing the health policy. As per regulations, health insurers are not liable for any of the payments covered under the plan during the period of lapse. Policyholders may miss out on benefits ranging from critical illness cover to tax exemptions if the policy gets lapsed. Such lapses are risky, especially for those with pre-existing medical conditions. Even though insurers send out renewal notices for approaching due dates, it is still the duty of the insured to make sure that the policy is renewed well before the due date.

    Adding Members to the Policy:

    If after a certain period, the policyholder decides to add more family members to the policy, he/she can do that at the time of renewal. Policyholders can also take out names from the coverage and make changes to the existing terms during renewal. For example, if a person decides to add his parents to the existing family floater plan covering him, his wife and child, he can do the same at the date of health insurance policy renewal.

    Option to Increase the Sum Assured:

    Individuals can raise the sum assured on their health policies by giving a request at the time of renewal. Companies mostly impose certain terms and conditions for increasing the insured sum, such as medical tests and no claim history. Therefore one has to be prepared for the waiting periods if he plans to apply for an increase in sum assured. However, sometimes it happens that the sum insured is within the range of maximum coverage assured under the policy. In such situations, the policyholder cannot make use of this option.

    Check for Changes in Policy Terms:

    IRDA has made it compulsory that the any changes in terms and conditions of the policy has to be communicated three months in advance to the policyholder and the same has to be notified to the regulator for approval. If revised terms are not acceptable to the person holding the insurance policy, he/she can opt for another policy, similar to the initial terms of the existing one.

    Documents to be Carried on the Day of Renewal:

    If the policyholder wishes to continue his policy with the same branch of the company, he/she must carry the policy renewal notice and check at time of renewal. But in cases where the insured decides to change the branch they will have to produce the following documents

    • Last year’s policy
    • Policy renewal notice
    • Proposal form
    • Photographs
    • Cheque for the proposed amount
    • Mandate letter

    Disclose New Medical Conditions:

    Medical insurance being a yearly contract, the terms can be revised due to the health changes that happen during the year. Therefore, policyholders should bring to the notice of the insurer, any of the newly developed health conditions during the previous term. As per IRDA regulations the health insurer cannot impose new conditions but can ask for documents in support of the policyholder’s declaration.

    Always Keep the Receipt Safe:

    Inform your closest member about the changes you have made to the policy and always keep the receipt in a safe custody. This is essential, because at the time of claim they have to be fully aware of the conditions of the policy. Also make them known of any of the cashless identification cards and other documents that are important for making claims.

    Additional Information About Policy Renewal:

    • Insurance companies do not allow the policyholder to make any claims for the period between policy lapse and its renewal. Renewal has to effect before the expiry of the grace period
    • Policyholders are eligible for the same benefits of the policy initially insured, in case they decide to migrate
    • Insured persons can opt to change their agents or brokers at any time by simply making a request mentioning the reason for the change
    • No claim bonuses are available at the end of each year if the policyholder makes no claims during the year.
    • Customers while choosing a different insurance provider for the plan must notify the existing insurer in 45 days advance
    • In case the insurer rejects renewal application, the customer has the right to seek explanation

    GST rate of 18% applicable for all financial services effective July 1, 2017.

    Disclaimer: Premiums may vary depending upon factors like age, location and prevailing taxes/GST.

    Requirements of Health insurance renewal Reviews

  • Page 1 of 9 1 2 3 4 5
    • United India Health Insurance
      "Good policy"
      0.5 3.0/5 "Satisfactory"
      I have taken a health insurance from UNITED INDIA INSURANCE. They provide cashless facility. And i dont have any previous claim experience. Yearly i have to renew the policy. This policy cover my family and myself. They provide cashless facility.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Feb 19, 2018
    • HDFC Ergo Health Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I had a Health Insurance in HDFC ERGO GENERAL INSURANCE. I got extra ordinary benefits in single policy. I will get regular alerts regarding policy premium. The customer care is also good and well responsive. They intimates my policy renewal date to renew the policy on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 12, 2018
    • Star Health Health Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I got the health insurance policy from the STAR HEALTH & ALLIED INSURANCE. I have this policy for the past 7years. This policy covers 4 members in the family. The medical coverage amount of Rs,3lakhs is available with this policy. I pay the premium of Rs,21,000 every year to renew the policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 06, 2018
    • Royal Sundaram Health Insurance
      "Health insurance with ROYAL SUNDARAM"
      0.5 5.0/5 "Blown Away!"
      With ROYAL SUNDARAM GENERAL INSURANCE, i have taken a health insurance with a premium of 2571. I am not sure about the other benefits of the policy. Just now i have taken this insurance policy. Yearly i have to renew the policy. I made the payment through credit card.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 29, 2018
    • Star Health Health Insurance
      "Health insurance with Star health"
      0.5 5.0/5 "Blown Away!"
      I have recently taken the health insurance from STAR HEALTH & ALLIED INSURANCE. The yearly premium i have to pay is 10700. the policy covers up to 5 lakhs and even provide cashless treatment. Yearly i have to renew the policy. i make my payment through credit card.
      Was this review helpful? 0
      , noida
      Reviewed on Jan 11, 2018
    • Oriental Insurance Health Insurance
      "Claim procees should be better"
      0.5 3.0/5 "Satisfactory"
      I am using this Oriental Insurance for 5 years. The claim experience was average because I had to go to the doorstep and to submit all the documents. The claim process was very lengthy. In cashless service, they gave a good response. I am paying 6000 rupees per year to renew the policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 04, 2018
    • HDFC Ergo Health Insurance
      "Excellent policy to use"
      0.5 5.0/5 "Blown Away!"
      Recently I have got the health insurance policy with HDFC ergo. This policy covers 4 members in the family. I have paid Rs,9900 to renew the policy this year. The medical coverage of Rs,3lakhs is available with this policy,. The cashless treatment option is available with this policy.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 28, 2017
    • United India Health Insurance
      "Better service"
      0.5 4.0/5 "Great!"
      I hold the health insurance policy with the United India insurance for past 3 years. The customer support is good with the Untied India. This policy covers 4members in the family. Which is myself , my spouse and my children. I pay Rs,6000 to renew the policy every year. The policy has the coverage of Rs,3lakhs.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 28, 2017
    • Oriental Insurance Health Insurance
      "Cashless treatment"
      0.5 5.0/5 "Blown Away!"
      From Oriental i have taken a general health insurance. The premium amount is 14000. Every year we have to renew the policy.They have a cashless treatment facility with them. We can avail that facility with Oriental.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 12, 2017
    • Religare Health Insurance
      "Overall Fraud Company for paying Claims"
      0.5 0.5/5 "Unacceptable"
      I took this insurance for my Mother in 2014. Since last 3 years there was no claim and everything was smooth . During last Oct-2017 my mother was sick and admitted in hospital. They did not approved cashless claim. When we send documents to claim department then they started asking questions for previous alignment which was in 2012 and was treated with some other insurance company. Now they are asking how that alignment was diagnosed give all outpatient documents. Who will keep records of 5 year old history? Hospital is saying document given to them is sufficient to approve claim. This claim is hardly for few thousands of rupees. I am paying renewal fee in around 40K per year. At time of renewal they are calling several time to get it renew and talking very decently. I wish i can give them 0 rating. Please don't buy any product from this fraud company.
      Was this review helpful? 1
      , varanasi
      Reviewed on Dec 07, 2017
    • Apollo Munich Health Insurance
      "Health insurance through IOB"
      0.5 3.0/5 "Satisfactory"
      As IOB provides a health insurance from APOLLO MUNICH. They provide cashless treatment. I dont have any claim experience. But many of my friends had the claim experience. yearly once I had to renew the policy if i want to continue with this health insurance.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 06, 2017
    • National Insurance Health Insurance
      "Health insurance with NATIONAL INSURANCE"
      0.5 3.0/5 "Satisfactory"
      The premium amount is 11000. Its a one time payment yearly. If we want to continue the policy then we have to renew the policy every year. I am not sure about the other benefits of the policy. This policy will covers only one member of the family.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 30, 2017
    • Star Health Health Insurance
      "Cashless treatment"
      0.5 4.0/5 "Great!"
      With STAR HEALTH & ALLIED INSURANCE i have taken a health insurance policy. The premium is 17000 which i pay yearly. We need to renew the policy every year. It should be renewed for 9 years. They provide cashless treatment. It a good policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 25, 2017
    • Apollo Munich Health Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      Using Health insurance policy with Apollo Munich for past 3years .I have paid Rs,14,000 to renew the policy last year. This policy covers 3members in the family, which is myself, my spouse and my child. Got the medical coverage up to Rs,5laksh with this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 20, 2017
    • Tata AIG Health Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I have accidental coverage with TATA AIG general insurance policy. I got this policy around 3 years ago. I have the medical claim Up to 10lakhs with TATA AIG accidental coverage insurance policy . This policy covers only myself. I have paid Rs,2000 to renew the policy last year.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 17, 2017
    • HDFC Ergo Health Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have the Health insurance policy with HDFC ergo for past 2 years. I paid Rs,50,000 to renew the policy. This policy covers 3 members in my family. I have the medical claim up to Rs.6,27,000. I am satisfied having the health insurance policy.
      Was this review helpful? 0
      , katni
      Reviewed on Nov 15, 2017
    • Apollo Munich Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold the health insurance policy with Apollo Munich for past 1year. This policy covers only 1person, I can claim upto 5laksh as the medical coverage . I pay Rs,9000 every year. I have to renew the policy yearly once. The cashless treatment option is available with this policy .
      Was this review helpful? 0
      , guntur
      Reviewed on Nov 11, 2017
    • National Insurance Health Insurance
      "Very good health Insurance policy"
      0.5 5.0/5 "Blown Away!"
      Having the Health Insurance policy with National insurance for more than 6years. The customer support is good with national insurance , They give immediate response to the customer . I got the claim amount within 3 to 4 hours of time from national insurance. This policy covers 4memebrs including my parents. I pay Rs,5000 to renew the policy every year.
      Was this review helpful? 1
      , noida
      Reviewed on Nov 10, 2017
    • United India Health Insurance
      "Good policy "
      0.5 4.0/5 "Great!"
      Got the claim experience with the United India health insurance policy. I got the claim amount of 80,000 , I can claim up to 4lakhs as medical coverage to this policy. This policy covers 5members in my family. I paid Rs,9000 to renew the policy last year. I have the United India health insurance policy for more than 3years.
      Was this review helpful? 0
      , goa
      Reviewed on Nov 09, 2017
    • SBI General Health Insurance
      "Not satisfactory"
      0.5 2.0/5 "Expected more"
      State Bank of India is not good in the health insurance benefits. Though I do not have a claim, I am still not happy with the policy. The premium is paid on a yearly basis. This time I am not going to renew the policy. The medical coverage is also not to my satisfaction.
      Was this review helpful? 0
      , lucknow
      Reviewed on Nov 09, 2017
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