Niva Bupa Health Insurance Renewal

Below are some facts that affect your insurance policy renewal premium:

• Age: Your age becomes one of the crucial factors that impact policy renewal. Do read insurer guidelines carefully.
• Claims History: Your track record of previous claims made also impacts your health insurance policy renewal. In case you have made frequent claims, there will be a significant cost change in your premium while you renew your policy. It is important to check the claim limits per year to make sure you are within the limit.
• Alternations: Any change in your add-ons or riders will impact your renewal premium.
• Inflation: To account for the inflation in the healthcare industry, your insurer can change the price of the premium while renewing your policy.

Check your policy renewal date in the following manner:

How to Check the Renewal Date?

Check your renewal date as per the below-mentioned ways:

• Check Policy: Refer to your policy documents to check the date of policy renewal. The expiry date mentioned on your policy is also your policy renewal date.
• Check Website: Visit InsuranceDekho’s website and access your policy information and renewal details by logging in to the portal. Additionally, you can visit Niva Bupa’s policy renewal page, enter your policy number, and renew your policy. [1]
• Connect with Customer Care: For a swift response, policyholders can also connect with an InsuranceDekho or Niva Bupa customer support team and enquire about their policy renewal date.

NOTE: In case you forget to renew your policy within the renewal date, you still have the option to renew it within the grace period offered by Niva Bupa.

*Grace period refers to the extra time provided by an insurance company to policyholders after the payment deadline has passed so they can renew their coverage without incurring fines or having their policy lapse.

Reminder Options

Be updated about your policy renewal date through the help of:

• InsuranceDekho Reminder: InsuranceDekho sends out reminders to renew your Niva Bupa health policy through WhatsApp messages or email.
• Email or SMS by the Insurer: Niva Bupa Health Insurance will send you a renewal reminder before your policy renewal date through email or on your registered mobile number.

Here are the top benefits of renewing your policy:

• Wellness Benefits Discounts: Policyholders can receive discounts on wellness benefits as insurers offer incentives for maintaining a healthy lifestyle while renewing the policy.
• Long-Term Tenure Discounts: When you opt for an extended renewal of your policy, you may get a reduced coverage cost due to your long-term commitment.
• Reduced Waiting Period: With policy renewal, you also get the benefit of the reduced waiting period. This helps in getting quick access to comprehensive health coverage.
  *The waiting period is the predetermined time during which certain health insurance benefits, coverage, or claims are not applicable or payable.

• Free Health Checkup: Various insurance providers also offer complimentary or subsidised health checkups at the time of policy renewal.
• Continuity of Coverage: Since gaps in coverage can leave you off guard and unprotected in case of a medical emergency, renewing your policy ensures guaranteed health protection.
• No Claim Bonus: When you do not claim any amount in the previous year, renewing your policy can help you avail of the no-claim bonus that will give you an additional sum insured. This will only work in case you renew your policy with your current insurer.
• Any Change or Update Required: In case you want to get a rider or add-on added to your policy, you can do that at the time of renewal of your policy.

There can be multiple consequences and risks that you may face if you do not renew your Niva Bupa Health Insurance Policy:

• Loss of Health Coverage: The primary and major risk that you face with not renewing your policy is the loss of health coverage. During your time of medical emergency, this coverage will prove to be an important source of financial support.
• Waiting Period: In case you do not renew your policy, you will have to go through a waiting period while purchasing a new policy. This will also make you susceptible to being at risk since your existing illness waiting period is slightly longer.
• Reapplication Process: Reapplication can be time-consuming since the changes to your premium rates will be based on your current health status. You may have to go through multiple health assessments before you get the policy.
• Risk of Pre-existing Condition Exclusion: Not all insurers provide coverage for your pre-existing diseases. Not renewing your policy can then lead to exclusions of those diseases from your new policy coverage depending on the insurer you choose.
• Financial Risks: When you do not renew your health insurance policy, you risk yourself a great burden of facing financial risks.

Factors to keep in mind while renewing your Niva Bupa Health Insurance policy:

• Waiting Period: It is important to review the waiting period for specific illnesses or treatments and pre-existing diseases. For any discrepancy, make sure you contact an InsuranceDekho advisor.
• Policy Details Verification: It is essential to review the sum insured, exclusions, and inclusions of your health insurance policy. Make sure that your coverage matches your current health requirements, and keep yourself updated with any change in policy agreement through the insurer’s website or updates as per the insurer on InsuranceDekho’s website.
• No Claim Bonus (NCB): You can enhance your policy by reviewing your no-claim bonus benefits.

Documents Required For Renewal

Below mentioned documents are the commonly required documents during policy renewal

• Policy number
• Previous policy details
• ID proof, such as Aadhaar Card, Passport, or Voter ID
• Medical Check-up Reports
• Claim History

You can make policy renewal payments using the following modes:

• Credit Card
• Debit Card
• EMI (Equated Monthly Instalments) or one-time payment
• Digital Payment Applications, if applicable

Here’s how you can renew your Niva Bupa Health Insurance Policy either online or offline:

Online Procedure

Renew your policy either through InsuranceDekho or through Niva Bupa

Online Procedure of Niva Bupa Health Policy Renewal with InsuranceDekho

Step 1: Visit the InsuranceDekho website

Step 2: Go to the "Support" tab located at the top of the page

Step 3: Click on the "Renew Policy" option from the dropdown menu

Step 4: Enter your mobile number and click "Send OTP"

Step 5: After logging in with the OTP, access your Niva Bupa health policy details

Step 6: Click on the "Renew" button to proceed with the renewal process

Step 7: Complete the payment to finalise the policy renewal

Step 8: Once the payment is done, your Niva Bupa Health Insurance policy will be renewed successfully

Online Procedure of Niva Bupa Health Policy Renewal via the Official Site

Step 1: Go to Niva Bupa’s dedicated page for policy renewal on their website

Step 2: On the next page, check the policy details and hit the “Renew” button if everything is okay. You can also choose to add riders or add-ons in this step. [1]

Step 4: Review policy details and select make payment. Note that the payment may change depending on the add-ons added

Step 5: Receive confirmation of policy renewal by email and through SMS or WhatsApp

Why Renew with InsuranceDekho?

• Support Throughout: We provide complete support throughout the renewal process
• Unbiased Advice: With dedicated teams working in analysing the insurance industry, we give you unbiased advice on which policy to buy
• Renewal Notifications: We send you reminders before your policy renewal date to make sure you renew your policy on time
• Port Feature: In case you are dissatisfied with your current insurer, we help you in porting your policy to the best-suited insurer as per your current health needs

Offline Procedure

There are two ways to renew your Niva Bupa Policy offline:

• InsuranceDekho Relationship Manager: For personalised home assistance, request a home visit from InsuranceDekho’s relationship manager
• Visit the Insurer's Branch Office: You can also visit Niva Bupa’s nearest branch office to renew your policy

Here’s what you need to keep in consideration while renewing your expired Niva Bupa Health Insurance Policy:

• Eligibility: While the insurance company can choose not to renew your health insurance policy after the expiry date, Niva Bupa Health Insurance offers a grace period of 15 to 30 days when you can renew your policy without paying any extra amount. [2]
• Premium: When you renew an expired policy, there is no change in the premium to be paid unless you take add-ons or riders along with your policy
• Renewal Process: The renewal process of an expired policy is the same as that of a normal policy renewal.

In case you are not satisfied with your current policy or insurer, you can:

• Discuss Issues During Renewal Contact: Make sure you discuss your issues with the team when they contact you for policy renewal or reach out to an InsuranceDekho advisor to get assistance
• Porting Your Coverage with InsuranceDekho: InsuranceDekho also offers the option of porting your existing health insurance coverage to another insurer depending on your health requirements. [3]
• Connect with an InsuranceDekho Advisor: Connect with an InsuranceDekho advisor by calling +91-7551196989 and get your queries resolved.

Here are some common myths about policy renewal:

Myth 1: People often believe that renewal of their health insurance policy before its expiry date results in a waste of money.

Reality: Renewing your policy at an early date or before your policy expiration date does not result in a waste of your money. The policy gets renewed as per the date mentioned in your policy for the next year.

Myth 2: If I have not availed any sum insured from my policy last year, I may not be required to renew my health insurance policy

Reality: It is great that you did not face any health issues in the previous year, but that should not motivate you to not renew your health insurance policy as you cannot be sure that you do not need medical help in the coming year. A health insurance policy gives you a financial safety net and having one can be extremely useful in case of any emergency.

Contact the customer support team of Niva Bupa or InsuranceDekho in case you want assistance in renewing your health insurance policy:

Contact Niva Bupa Health Insurance

• Niva Bupa Health Application
• Insta Assist Section on their website
• Use their "Chat With Us" option on the website
• Send "Hi" or "Hello" on Whatsapp Number 9811956696 [3]

Contact InsuranceDekho

Reach out to an InsuranceDekho's customer support team member by:

• Emailing us at support@insurancedekho.com
• Reaching out to InsuranceDekho's helpline at 755 1196 989 to speak to an advisor

1. https://transactions.nivabupa.com/renewal/renewpolicies.aspx
2. https://www.nivabupa.com/health-insurance-articles/how-to-renew-your-health-insurance-policy-online
3. https://www.insurancedekho.com/health-insurance/portability
4. https://rules.nivabupa.com/customer-service/