Renewing Health Insurance - What Should You Know?
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Renewing Health Insurance - What Should You Know?

Once you have purchased health insurance coverage and even before purchasing, it is better to get a clear understanding about two important points. First is about renewal of the policy and second is the terms and conditions associated with claiming process. Due to the ignorance of the policyholders, most of them are deprived of the continuation benefits and also they are forced to start a new policy either with the same insurance company or with some other company.

Policy period:

Most of the insurance policies are generally offered for a period of one year after which it is important that you will have to renew them. Even though, insurance companies send renewal reminder, it becomes your responsibility to renew the policy on time. This will ensure that you can get the benefits associated with continuing the policy. Some of these benefits include no claim bonus accumulation or waiting periods for the disease that already exist. If you do not renew within the time, the policy will lapse and you will no longer be eligible for continuation benefits.

To make sure that you are not deprived of the renewal benefits, it is suggested that you should get an understanding of the facts mentioned below, so that you can stay in a better position:

Health updates:

Generally, insurance companies request their health insurance policyholders to update any change that happened in their health condition recently. In addition, if you intend to close the policy, it is important that you will have to make a formal request for the same at least 30 days in advance and this should be done before the expiration date of the policy.

Premium payments:

To keep the health insurance policy going and for getting the benefits promised by the policy, you should pay the premium on date. Also, it is important that you should keep the receipt of the premium payment safe as the proof towards using the benefits associated with the plan.

Grace period:

If you have not renewed the policy on time, most of the insurance companies provide a grace period of about 15 days for the payment of renewal premium.

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Once you have purchased health insurance coverage and even before purchasing, it is better to get a clear understanding about two important points. First is about renewal of the policy and second is the terms and conditions associated with claiming process. Due to the ignorance of the policyholders, most of them are deprived of the continuation benefits and also they are forced to start a new policy either with the same insurance company or with some other company.

If you have not renewed the policy on time, most of the insurance companies provide a grace period of about 15 days for the payment of renewal premium. If you renew the policy within the grace period, you will become eligible for continuation benefits as the policy will become valid.

Policy portability:

At the time of renewal, you can choose to upgrade the coverage for better benefits and even you can switch to a new service provider without having the requirement to lose the continuation benefits. However, you should not forget to inform about the same to the existing insurance company at least 45 days before the date of expiration of the policy.

Points to remember:

As the policyholder, it is important that you will have to remember certain other things as well to make sure that you can get the benefits as promised by the insurance company:

• Generally, the insurance companies do not encourage any claims for the period between policy expiration and renewal. If you do not pay the renewal premium before the stipulated grace period, the policy will not continue.

• If you are denied of renewal, you have the right to seek explanation for the same.

• If you opt for portability, you will be regulated to be eligible for continuation benefits from the existing policy.

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Comments

# Vaibhav 2017-11-11
Hello, plz tell me what are venereal diseases, can you plz suggest some good gynecologist in Kolhapuri ?
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# Dr. Naresh 2017-11-12
veneral diseases are those which can be spread through sexual contact, The spreading agents can bacteria ,viruses etc, The examples are syphilis and gonorrhoea can be can spread by sexual contact, you can also find list of Gynecologist in Kolhapuri.
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# Lakshay 2017-11-04
Hello, plz tell me what are venereal diseases, can you plz suggest some good gynecologist in Kaimur ?
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# Dr. Pooja 2017-11-05
veneral diseases are those which can be spread through sexual contact, The spreading agents can bacteria ,viruses etc, The examples are syphilis and gonorrhoea can be can spread by sexual contact, you can also find list of Gynecologist in Kaimur.
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# Aarav 2017-10-28
My friend has been diagnosed with gonorrhoea, Please tell which tests will be advisable, also suggest gynec in Bongaigaon ?
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# Dr. Pooja 2017-10-29
VDRL tests should be done every month for 3 consecutive months for detecting syphilis as well as other sexually transmitted diseases,These tests should be conducted at proper times, find good Gynecologist in Bongaigaon
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# Himmat 2017-10-14
My friend has been diagnosed with gonorrhoea, Please tell which tests will be advisable, also suggest gynec in Kannur ?
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# Dr. Pooja 2017-10-15
VDRL tests should be done every month for 3 consecutive months for detecting syphilis as well as other sexually transmitted diseases,These tests should be conducted at proper times, find good Gynecologist in Kannur
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# Aayush 2017-10-10
Hii, I am from Dhenkanal, plz let me know What is gonorrhoea ?
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# Dr. Naresh 2017-10-11
Hello, Gonorrhoea is a sexually transmitted disease caused by the Neisseria gonorrhoea,This disease is caused in the genitourinary tracts, for more details plz visit good gynec in Dhenkanal, find list of Gynecologist in Dhenkanal
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# Rohan 2017-10-07
Hello, plz let me know Can gonorrhoea be transmitted to small children, should I consult with good maternity doctor in Trivellure
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# Dr. Pooja 2017-10-08
yes,this can be transmitted by infected mothers to children, In this case it is called as ophthalmia neonatorum, find list of good doctor-.Obstetrician in Trivellure
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# Lakshay 2017-09-09
Hello, plz let me know Can gonorrhoea be transmitted to small children, should I consult with good maternity doctor in South Canara
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# Dr. Naresh 2017-09-10
yes,this can be transmitted by infected mothers to children, In this case it is called as ophthalmia neonatorum, find list of good doctor-.Obstetrician in South Canara
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# Aarush Older than three months
My friend has been diagnosed with gonorrhoea, Please tell which tests will be advisable, also suggest gynec in Nanded ?
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# Dr. Naresh Older than three months
VDRL tests should be done every month for 3 consecutive months for detecting syphilis as well as other sexually transmitted diseases,These tests should be conducted at proper times, find good Gynecologist in Nanded
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# Harikiran Older than three months
Hello, plz tell me what are venereal diseases, can you plz suggest some good gynecologist in SAS Nagar Mohali ?
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# Dr. Naresh Older than three months
veneral diseases are those which can be spread through sexual contact, The spreading agents can bacteria ,viruses etc, The examples are syphilis and gonorrhoea can be can spread by sexual contact, you can also find list of Gynecologist in SAS Nagar Mohali.
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# Tushar Older than three months
Hii can you plz tell me, Which fluids can cause or spread syphilis infection, alos give me the list of good gynec in Koraput?
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# Dr. Naresh Older than three months
Infection from semen, blood or lactation milk can occur and cause syphilis, Infection from blood syringes is very common, Infected mothers can transmit it through their milk also, consult with good Gynecologist in Koraput .
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