Health insurance is an essential investment for individuals and families in India. It provides financial protection against unexpected medical emergencies and hospitalisation expenses. A comprehensive health insurance policy from Niva Bupa Health Insurance offers comprehensive coverage for various medical expenses. The renewal of the policy is an essential process that ensures uninterrupted coverage.
In this article, we will discuss the key benefits of Niva Bupa policy renewal, the types of renewal processes, and the step-by-step renewal process for both online and offline modes.
Key benefits of Niva Bupa policy renewal
Renewing your Niva Bupa Health Insurance policy offers several benefits. Here are some of the key benefits:
- Continuous protection: Renewing your policy ensures that you and your family are protected against unexpected medical emergencies.
- No claim bonus: This rewards policyholders with a discount on their premiums for not claiming health insurance during the policy period.
- Lifelong renewability: Renew this policy for a lifetime. There are no age limits that you need to worry about.
- Enhanced coverage: With Niva Bupa, you can enhance your coverage options by opting for additional riders or upgrading your existing policy.Tax benefits: Under Section 80D of the Income Tax Act, you can avail of a tax deduction of up to Rs. 25,000 per annum.
Also Read: Senior Citizen Health Insurance
What are the types of renewal processes of Niva Bupa Health Insurance policy?
Niva Bupa Health Insurance offers two types of renewal processes: online and offline. Policyholders can choose any of the options depending on their convenience.
Online renewal process
Renewing your Niva Bupa Health Insurance policy online is a convenient and hassle-free process. Here is the step-by-step guide to renewing your policy online:
Step 1: Visit the Niva Bupa Health Insurance website.
Step 2: Choose the ‘Renew’ button to renew policy online.
Step 3: Enter your policy number and other personal details as required.
Step 4: Review your coverage and select any additional riders if required.
Step 5: You can use any of the available options to make the payment.
Step 6: Once the payment is successful, your policy will be renewed instantly.
Offline renewal process
Renewing your Niva Bupa Health Insurance policy offline is also a straightforward process. Here is the step-by-step guide to renewing your policy offline:
Step 1: Visit the nearest Niva Bupa Health Insurance branch.
Step 2: Submit your policy details and personal identification documents.
Step 3: Discuss your policy coverage with the representative.
Step 4: Pay the premium through cash, cheque, or demand draft.
Step 5: Once the payment is successful, your policy will be renewed.
Major points to remember during Niva Bupa Health Policy renewal
Here are some key points that you must keep in mind while renewing your Niva Bupa Health Insurance policy:
- Make sure to confirm your policy details before renewing to avoid any discrepancies.
- Take a closer look at your policy coverage and make adjustments if necessary.
- Renew your policy on schedule to prevent policy lapses and resulting loss of benefits.
- For better coverage, compare different policies and choose a plan that suits your healthcare requirements.
Also Read: Family Health Insurance