Health Insurance Renewal
  • Necessity of Health Insurance Renewal
  • Process for Hassle-Free Renewal
  • Renewing Health Insurance Online
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Health Insurance Renewal

A Health Insurance Policy is only valid for a certain period of time, the duration of which could be 1-3 years. Beyond this duration, you need to renew your policy to continue availing of the benefits under it. If you want to retain the coverage under the plan after the stipulated time period, you must renew your plan.

Renewal of Health Insurance is recharging your policy for availing of continued advantages.

Renewal is significant for reactivation of the coverage under the Health Insurance Plan.

If you do not renew your policy before its expiry date, it will lapse and you will lose all the benefits such as Waiting Period Benefits and No Claim Bonus. To resume availing the benefits of Health Insurance, you would have to purchase the policy again, which could be a daunting task.

Should I Renew my Health Policy or Not?

You might be wondering if you should get your Health Plan renewed or not. At the moment, you might be keeping well & not finding it important to renew your policy. However, life is uncertain & Medical Emergencies can knock at your door without any kind of prior intimation.

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You might get diagnosed with an ailment tomorrow & Health Insurance would prove to be beneficial at that point in time.

Hence, we recommend you to renew your policy on time, as it provides continuous financial coverage and protection at any stage of life.

Should I Renew my Health Plan with my Existing Insurer or Choose a New Insurer?

You could renew your Health Plan with your existing Insurer or choose a New Insurer. IRDAI gives you the right to port your policy from an existing Insurance Company to any other Insurance Company of your choice.

While renewal, you have the opportunity to explore other plans & Insurers which could meet your requirements in a better manner. There is also an opportunity to weigh premiums against the benefits you're receiving. Therefore, continuing your policy with your existing Insurance Company or choosing a new Insurer totally depends on the kind of medical requirements that you & your family have.

However, renewing the Health Policy with the existing Insurer offers various benefits such as No Claim Bonus, Waiting Period Benefits, and continuous protection.

Benefits of Health Insurance Renewal on Time

Renewing Health Insurance on time offers you the following benefits:

No Claim Bonus

When you do not make a claim during the tenure of your policy, you shall earn a No Claim Bonus.

Uninterrupted Protection

Many companies do not provide Health Insurance after a certain age due to pre-existing diseases and chronic conditions in old age. To avoid this situation, you should renew your Health Insurance on time and enjoy its benefits your whole life.

Higher Premium

The younger you are at the time of buying the policy, the lower your premiums will be. So, if you renew the policy on time, then you don't have to pay higher premiums because of the higher age.

Things to remember while renewing Health Insurance

There are several points that every policyholder needs to remember while renewing a Health Insurance policy:

  1. Renew before the Expiry Date

    You need to renew your policy before the expiry date. Your Insurance Company will send you the renewal notice and there will be a 15 days grace period from the expiry date to renew your policy. But, once the policy lapses, you will lose the Waiting Period benefits and No Claim Bonus.

  2. Review your Health Insurance Requirement

    You need to review your Health Insurance requirements as it is an important factor when it comes to insurance and personal finance.

  3. Revise your Sum Assured

    You can revise your Sum Assured amount as per your requirements, it can only be done while renewing the policy.

  4. Check changes in Terms and Conditions

    According to the rules & regulations of IRDAI, the Terms and Conditions will remain unchanged while renewing the policy. Any changes in benefits and premiums can be done only after IRDAI's approval.

  5. Deletion and Addition of Family Members

    In the Family Floater Health Plan, you can add any new member while renewing the policy. Moreover, you can delete the name of any family member from the policy at the time of renewal.

What Happens If You Do Not Renew your Health Policy?

If you don't renew your Health Policy on time, you might face the following problems:

  • Miss out Existing Benefits

    There are many companies that offer various benefits at the time of renewal like No Claim Bonus, Lower Premium, etc, but if you do not renew your policy won't get any of it.

  • Medical Test and Paperwork

    If you buy a new policy rather than renewing an old one, then you have to undergo Medical Tests and the entire paperwork again.

  • Health Coverage Loss

    If you do not renew your Health Policy before its expiry date, you can not avail continuous Health Coverage.

  • No Reduction of Waiting Period

    Pre-Existing Diseases (PED) can only be covered after a Waiting Period. This Waiting Period will be reduced after every renewal. So, If you do not renew your Health Policy, the Waiting Period stipulation will reapply from the start.

Health Insurance Renewal Process

You can renew your policy from the official website of the company or through

I. Through Company's Official Website


Visit the Insurance Company's official website.


Go to the Health Insurance renewal section.


Enter the correct information like policy number and registered mobile number.


Check the premium and policy details.


Make the payment using Credit Card/Debit Card, UPI, and Net banking.

II. Via

Call on our Toll-free number: 1800-4200-269.

Follow the instructions and submit the asked information.

Our experts will get back to you for your policy renewal.

Benefits of Renewing Health Insurance Online

You can renew your Health Insurance policy through online or offline mode as per your convenience. Most companies offer an online renewal facility as it offers various benefits such as:

  • Online mode saves your time as you can renew your policy from any place.
  • It offers various payment options like Net Banking, Debit/Credit cards, UPI, etc.
  • Through online mode, the chances of error are less as the whole information is filled by the policyholder himself/herself.

Written By : Naval Goel

Last Updated : September, 2021

Naval Goel is the CEO & founder of Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of Insurance Web Aggregator.

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Frequently Asked Questions (FAQs)

1. What if I already have a Health Insurance Policy, but I just want to increase my Sum Insured?

If you already have a Health Insurance plan but want to extend your Sum Insured, you can do it at the time of renewal of the policy.

2. Do I get a discount on the renewal of the policy with the same company?

Yes, some Insurance companies offer loyalty benefits under which they offer some discount on Renewing the policy from the same company.

3. How will I know when my policy is due for renewal?

The Insurance Company will send you renewal reminders on your registered mobile number/e-mail address or you can check the policy expiry date on the hard copy of your policy documents.

Find Out What the Customers Are Saying

(Showing latest 5 reviews only)

- 4.5/5 (1081 Total Rating)

September 23, 2021

Shweta Agnihotri


Nice company Liberty is. Good sense of customer support and helpful staff also. I am happy that I buyed this policy.

September 21, 2021

Vishakaha Verma


10 on 10. Super duper. Bestest one. Would definitely tell everyone in my family to buy health insurance policy from this amazing company

September 21, 2021

Priyanka Rathee


Shriram is a good and nice company. I toh love this company very much. The way it helped me is amazing.

September 21, 2021

Akshay Sharma


Good company. I am simply impressed with how Magma Health Insurance works with all its ethics. Good. Keep up the good work.

September 21, 2021

Vigya Khaturia


One word for this company: Simply Fantastic. I can t believe how a company can be so customer-centric. unbelievable. the way Liberty Health Isurance assists its customers is amazing.

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