National health insurance renewal is an important step towards securing your future. Your health needs to be taken care of throughout your life. Therefore, you must purchase a Comprehensive National Health Insurance cover policy and renew it every year. If you do not renew your health insurance plan annually, you will lose the benefits of health cover for yourself and your entire family.
Here are three reasons why you must renew your health insurance cover policy,
If you do not renew your healthcare plan, you will lose the benefits of mediclaim cover and sum insured. Your family will no longer be protected throughout the year.
When you renew your health plan, you are entitled to multiple benefits apart from hospitalization cover and medical treatment. You can also customize your mediclaim insurance with rider options.
You will save a lot of money in the long run by renewing your existing health policy. The cost of healthcare and medical insurance is rising. If you do not renew your plan, you might have to purchase a new health plan altogether that will be more expensive than the renewal option.
Now that you are aware of the importance of renewing a health insurance policy, it is advisable to go via the online mode. At Coverfox, the entire process of buying, comparing, and renewing online! Here are the reasons to go for digital renewal today:
Your policy is delivered directly into your inbox in 15 minutes.
The entire process is paperless, time-saving, and completely hassle-free
You can easily customize the scope of cover/the amount of sum insured.
There is no insurance agent, commission, third party, or intermediary involved.
You get better offers and discounts online.
You also have the option to compare the various insurance quote and service providers.
As mentioned above, you can renew your health insurance plan online on Coverfox. Here is a step-by-step guide for the same:
Visit the official website of Coverfox and select the health insurance option.
Submit your basic KYC details such as Name, Age, Gender, etc
The page will showcase the top ten insurance quotes online.
If you already hold a policy, you will be required to renew the premium payment amount.
You can avail of value-added benefits such as NCB, increase the scope of coverage, etc, only during the time of renewal.
Once done, select the respective gateway and make the payment.
Your policy has been successfully renewed.
In short, a comprehensive health cover must be part of your financial portfolio. And the only better way to secure your health is to do it with National Health Insurance.
Note: All information has been sourced from the official website of the respective insurer.
National Health Insurance is the health insurance portfolio offered by the National Insurance Company of India. The National Insurance Company of India is one of the largest state-owned general insurance companies and Health Insurance Companies in India. As of today, the company has over 50000 insurance agents, 13000 corporate employees, and 1730 offices across the length and breadth of India.
The different types of insurance products provided by the National Insurance Company of India are:
Motor Vehicle Insurance
Personal Accident Cover
Householders’ Insurance
Shopkeepers’ Insurance
Life Insurance
Agricultural implements
Rural Insurance covering Livestock
Industrial & Commercial Insurance
Protection against fire and natural calamities
How will National Health Insurance Renewal Help You and Your Family?
Here are the key highlights of the National Insurance Company. The claim settlement ratio has been sourced from the annual report filed by IRDAI for FY 2020-20. The waiting period depends on the type of policy you have selected.
| Incurred Claims Ratio for FY 2019-20 | 103.30% |
| Renewability | Lifelong Renewal Option |
| National Health Network Hospital List | 6,000+ |
| Pre-existing Disease Coverage | Post 4 years of policy inception |
| Grievances Solved | 97.07% |
Note: All information has been sourced from the official website of the respective insurer.
Let us look at the key features and benefits of popular health policies offered by National Health Insurance in detail. Know more about these plans online on Coverfox.
| Criteria | Features and Benefits |
| Sum Insured | Rs. 50,000/- to Rs. 5, 00,000/- |
| Entry Age | 18 to 65 years |
| Eligibility | |
| Policy Term | |
| Treatment | Allopathy and AYUSH (Up to 100% of SI) |
| Emergency Ambulance | Covered up to sub-limit |
| Pre and Post Hospitalization | 15 days and 30 days |
| Cashless Facility | Only at National Health Insurance Network Hospitals |
| What is Covered? | |
| What is Not Covered? |
Note: All information has been sourced from the official website of the respective insurer.
This is a health insurance cover if you are traveling outside India for the purpose of work or a vacation.
| Place of Visit | Worldwide Travel excluding USA/Canada (USD - $) | Worldwide Travel including USA/Canada (USD - $) |
|---|---|---|
| Type of Cover | A1 - A2 | B1 - B2 |
| Section – A Illness, medical evacuation, repatriation, | 50,000 - 2,50,000 | 1,00,000 - 5,00,000 |
| Section – B Personal Accident & disablement | 10,000 - 25,000 | 25,000 - 25,000 |
| Section – C Loss of Checked Baggage | 1,000 - 1,000 | 1,000 - 1,000 |
| Section – D Delay of Checked Baggage | 100 - 100 | 100 - 100 |
| Section – E Loss of Passport | 150 - 250 | 250 - 250 |
| Section – F Third-Party Bodily Injury & Property damage | 2,00,000 - 2,00,000 | 2,00,000 - 2,00,000 |
| What is Not Covered? | - |
Note: All information has been sourced from the official website of the respective insurer.
If you want to obtain the health benefits of your medical plan on a regular basis, you must renew it annually. The best mode of renewing your healthcare policy is to do it online. The online mode is completely paperless, hasslefree, time-saving, and fast. Know more about it on Coverfox
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