Liberty Health Insurance Renewal
  • How to Renew Liberty Health Insurance
  • Process of Policy Renewal
  • Liberty Health Insurance Renewal Online
Liberty Health Insurance
premium

Network hospitals

5000+

premium

Incurred claim ratio

74.17%

premium

Sum insured

Up to 1 CR

premium

No. of Plans

5

premium

Solvency Ratio

3.0

premium

Pan India Presence

110

Customized Health Insurance Plan for you.

Get upto 15% Online Discount*

Select Members You Want To Insure

Age of Eldest Member

premium

Network hospitals

5000+

premium

Incurred claim ratio

74.17%

premium

Sum insured

Up to 1 CR

premium

No. of Plans

5

premium

Solvency Ratio

3.0

premium

Pan India Presence

110

How To Renew Your Liberty Health Insurance Policy

Health insurance is a blessing in disguise in this era where health complications are expensive. It's not only for those who are disease-prone but for anyone who wants to secure their financial and medical future. However, with health insurance comes the headache of renewing the policy over and over again, mostly, once in a policy year. Depending on your policy schedule, you need to renew your health insurance timely.

For reassurance of the same, here's a guide on how can you proceed with your Liberty Health Insurance renewal, how renewing the policy once a year can help you get more benefits, and the fundamentals of avoiding a policy lapsation.

Liberty Health Insurance Renewal Process

You can get your Liberty health insurance plan renewed in an online or offline mode. Read below the steps through which you can renew your health insurance policy:

  1. Online procedure

    Below are the steps to renew your Liberty health insurance policy.

    • Step 1:- Visit the official website of Liberty Health Insurance
    • Step 2:- Select your policy and continue further on 'renewal'
    • Step 3:- Click on the 'Renewal' button flashing on the page
    • Step 4:- Fill in all the details asked in their pre-authorization form like- name, date of birth, etc
    • Step 5:- Proceed for verification and wait till you get a confirmation of renewal
    • Step 6:- You will further be redirected to a payment gateway where you can directly pay the premium for your policy
    • Step 7:- The last step would be receiving a confirmation mail and/or SMS from the company, that ensures your policy has been renewed
  2. Offline Procedure

    Liberty Health Insurance solely relies on the customer's satisfaction which leads you to a convenient renewal of your health insurance policy.

    To renew your Liberty Health Insurance policy in offline mode, you need to reach out to the executives of the company. You can do so either by calling them on the toll-free number 1800-266-5844 or by visiting the nearest branch of Liberty Health Insurance.

Health Insurance Renewal Companies

How PolicyX Can Help You in the Liberty Health Insurance Renewal Process?

PolicyX.com is a leading policy web aggregator and policy advisor, readily available for its customers' queries. We are here to make sure you don't miss the chance of renewing your health insurance policy. We are known for our far-reaching customer support, ensuring all your concerns are addressed quickly.

For any queries related to your health insurance policy, you can reach out to customer care at PolicyX.com at 1800-4200-269 or write an email at helpdesk@policyx.com. For more information about health insurance companies, contact us without giving it a second thought.

Why Renew Liberty Health Insurance Before Expiry?

If you are concerned about 'what if I don't renew my health insurance policy before the expiry date?' Read below the benefits of being proactive about your health policy's renewal:

  • Relieved waiting periods

    Once you fail to renew your health insurance policy, you will be required to serve a new waiting period (same as the previous policy terms) for every specific condition. Whereas, renewing the policy within the renewal period allows you to raise a claim without fail and with no added waiting periods.
  • Policy amendment

    On renewal of your policy, you are free to alter any changes like enhancement of the sum insured, add-on covers, adding or removing a family member, or choosing a variant of the plan, etc.
  • Regulated and affordable premiums

    Instead of renewing a policy that's already lapsed or expired, which could increase your payable premiums; you should actively renew your health policy within the given time. It will ensure you don't get a revised sum insured due to any amendments in the policy's schedule or against your growing age.
  • No pre-medical test required

    Renewing your health insurance policy makes sure that you don't have to go through any kind of pre-medical check-up to continue the policy further. You must inform your insurer if you have come across an ailment or been diagnosed with a disease during the policy period or renewal period.
  • Uninterrupted coverage

    A lag in filing for renewal may cause you inconvenience in getting any coverage benefits of the policy. Furthermore, the insurance company won't cover any of your planned or emergency hospitalisation, hence any of the claims you make will be denied or rejected straight.
  • No-claim bonus

    If you renew your policy before its expiry, you are entitled to get a cumulative bonus that you've accumulated during the policy tenure. If your policy lapses, you won't be able to get any enhancement over the sum insured or any discount over the payable premiums.
  • Tax benefits

    You can avail of the tax exemption benefits over all the premiums you've paid against your health policy under Section 80D of the Income Tax Act, 1961.

How to Avoid Policy Lapse?

Not renewing your health insurance policy can lead to the policy's lapsation. However, you can avoid your policy's lapsation by following these handy guidelines:

  • Keep updated on your policy's renewal date
  • Activate email or SMS facility to get reminders
  • Use the auto-debit method to not miss a renewal date
  • Keep an eye on your policy's grace period (generally, you get 30 days to continue your policy benefits)

Which is better: Policy Renewal or Policy Porting?

Here's an illustrative table of benefits of health insurance renewal over insurance portability:

Specifications Meaning Conditions on Renewal of Policy Conditions on Porting the Policy
Approach a new health insurer 45-60 days before the existing policy's premium renewal, the policyholder needs to approach a new health insurer No Yes
Fill out the proposal form Send the requested proposal form with all the undersigned details of the previous policy No Yes
Document verification You need to go through extended verification with your previous policy's benefits, personal details, claim status, medical history, etc No Yes
Final verdict of health insurer The next insurer is freely entitled to either accept your request or reject it based on the thorough verification No Yes
Policy coverage lapsation All the coverage benefits and other inclusions could be exhausted and you would be required to follow the new policy's terms & conditions No Yes

Things to Remember While Renewing Health Insurance Policy

Keep these pointers in mind while getting a renewal of your health insurance policy:

  • Date of renewal for the policy
  • Ascending requirements in your health policy
  • Claim settlement facilitation/experience
  • The comparative monthly premium of the policy
  • Easy portability benefits for policy inclusions
  • Adding or removing any family members
  • Changes in sum insured or an optional cover
  • Discounts on premium or cumulative bonuses
  • Intimate your health insurer if any ailment/disease is diagnosed till the renewal period

Why is there a Grace Period in the Health Insurance Policy?

The grace period is an extended time frame that comes after the expiration of your policy. Grace period in health insurance helps you avoid a policy lapsation. With the Liberty Health Insurance renewal, you can avail of a grace period of 30 days to continue your policy. If you've paid your premiums during the grace period, it'll allow you to receive the continuity benefits without any extra charges (you can not claim during the grace period of your policy)

End-Note

To avail of the adjoining benefits of your health insurance policy, it needs to be renewed once after a policy year. It's always advised to keep an eye on what you require and what you're getting. The same goes with health insurance, if you need additional benefits with it, the renewal period is the most suitable time for making alterations to your policy.

Do you have more queries regarding your Liberty Health Insurance renewal? Feel free to contact our customer care executives of PolicyX.com at 1800 345 0330.

Liberty Health Insurance Plans

To cater to the dynamic healthcare needs of an individual and their family, Liberty Health Insurance comes with several plans.

Liberty Health Connect Policies

A plan designed to cover you and your family with 4 different variants to choose from Basic, e-connect, Elite, and Supreme. The plan offers a sum insured up to 15L.

Unique Features

  • Domiciliary Treatment Provided
  • Road Ambulance available
  • Avail Loyalty perks

The insurer covers the treatment in case of a bodily injury because of an accident, accidental deaths, along with other accidental benefits.

Unique Features

  • Accidental Death covered 100%
  • Permanent total disability covered
  • Complete loss of sight covered

Liberty Health Connect Supra

This plan is an additional benefit to your existing basic personal or family health insurance, offering financial cover over and above the basic sum assured in your policy.

Unique Features

  • 2 variants available
  • Up to 1 Cr SI
  • Avail optional coverage

Liberty Individual Personal Accident Policy

With Individual Personal Accident Coverage, the insured can recover loss from treatment, income & related expenses.

Unique Features

  • Avail optional coverage
  • Child education support available
  • Life support assistance covered

Secure Health Connect Policy offers comprehensive coverage along with the flexibility benefits to reload the sum insured amount, daycare treatments, stay fit option, etc.

Unique Features

  • Hospital Daily Cash Benefit
  • Day care treatment covered
  • Cumulative bonus available

Liberty Health Insurance Renewal: FAQ's

1. What is lifelong renewal in health insurance?

Lifelong renewability is a specified clause under health insurance that allows the policyholder to enjoy the continued benefits of their policy. You don't need to requalify for a new policy accession.

2. Can I shift my health insurance to another company before renewal?

Yes. With a health insurance portability benefit under your policy, you can shift your existing health policy to another insurance company.

3. Can I make changes to my health insurance policy after its renewal?

Depending on the regulations presented by your health insurer, you can make changes only before or at the time of renewal. However, you should inform your insurer about any changes at least 30 days before the policy renewal period.

4. Is it safe to renew my health insurance policy online?

Yes, almost every health insurance provider gives this facility to renew a health policy online, either on call, from their website, etc.

5. Will my health insurance automatically renew?

No, if you don't renew your health insurance it'll get terminated automatically. Your insurance company sends you reminders before the policy renewal date to not miss a chance.

6. Should I renew my health insurance policy every year?

Yes, renewing your health insurance policy every year ensures you regular healthcare support. Whereas, some policies also come with a policy tenure of more than one year (like 2 & 3 years).

7. What will happen if I forget to renew my health insurance policy?

In such a condition, your policy will be lapsed which means you will lose on getting a continued policy benefit. Additionally, if you forget to renew your health insurance policy, you will have to serve the waiting periods (say, for pre-existing disease and other specified conditions) again for the same period (supposedly, 1- 4 years depending on the insurer) as mentioned in policy terms.

8. Can I renew my health insurance policy after expiry?

There's no point in renewing your health policy after its expiration as you'll lose on getting the coverage benefits and even your policy will be lapsed. Majorly, no insurer will allow you to continue the same policy if it has already expired.

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Simran Nirala

Written By: Simran Nirala

Simran has an experience of 3 years in insurance content writing. She transitioned from hospitality to the insurance industry after her emerging interest in how vast insurance is. With her ability to write complex insurance concepts in a simple, relatable manner she keeps her audience hooked and solves their doubts smoothly.