Network hospitals
5000+
Incurred claim ratio
74.17%
Sum insured
Up to 1 CR
No. of Plans
5
Solvency Ratio
3.0
Pan India Presence
110
Network hospitals
5000+
Incurred claim ratio
74.17%
Sum insured
Up to 1 CR
No. of Plans
5
Solvency Ratio
3.0
Pan India Presence
110
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.
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:
Below are the steps to renew your Liberty health insurance policy.
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.
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.
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:
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:
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 |
Keep these pointers in mind while getting a renewal of your 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)
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.
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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.