Why is it Important to Renew your Health Insurance?

Given the rise in healthcare costs, it is not only essential to purchase a good health insurance plan but also renew it timely to keep the cover intact.

A lapse in renewal of your health plan can expose you and your family to the risk of denting your savings in a medical emergency. This could also mean that you may have to compromise on the quality of treatment that you avail – situations that you would not like to be in. Not just that, renewal gives you the chance to assess your needs and make changes to the cover you want and the family members you want to cover.

Renewal of your health insurance policy allows you to enjoy continued coverage of expenses during hospitalisation along with pre and post hospitalisation expenses, doctor’s fees, medication, diagnostic tests, annual health check-ups, critical illnesses, psychiatric support treatments, pregnancy & childcare treatments and more (depending on your health insurance plan).

Why Renew Health Insurance from Bajaj Finance Ltd. (BFL)?

BFL follows a customer-centric approach and has created a paperless digital process with a Do-It-Yourself journey. The journey gives you flexibility, is simple and leads you step by step to quickly complete your renewal process. All you need to do is confirm a few details about your previous policy, update any information or add new members to the cover. Provide your health information. It’s that simple and truly effortless. So, if your health insurance policy is due for renewal, don’t waste any time and get it done now.


Cashless Transactions

The health plans offer cashless health insurance that helps you to avail of treatment facilities at a wide range of network hospitals pan India.

Pre-and Post-Hospitalisation Expenses

The health plans provide the cost incurred for treatment both before and after hospitalisation..

Medical Check-Ups

Health policies also cover routine or periodic health examinations, with leading insurance providers offering free medical check-ups to the policyholders.

Transportation Expenses

Health policies cover the transportation cost for commuting the insured person to the hospital.

Tax Saving Benefit

With our health plans, you can avail tax benefits (if any) on premiums paid towards health insurance plans, as per Section 80D of the Income Tax Act( Tax laws are subject to change.)

Quick Digital Renewal Process

The BFL digital process helps you to renew the policy quickly and avail of all the above-mentioned benefits and ensures you are stress-free.

Saves Cost

The sooner you purchase your health insurance, lower will be the premium you pay. So to save costs, make sure you choose the right plan and keep renewing it in time. Also get rewarded on renewal with a cumulative bonus for every claim free year which will help you in getting discounted premiums

Why should you renew your insurance policy?

What is a waiting period?

When does the health insurance premium increase on renewal?

What are deductibles?

What is a co-payment clause?

What is included in Maternity Health insurance benefit?

Do I have to pay GST on the health insurance premium?

Can I still claim if hospitalization is less than 24-hours?

What should I do if I have a pre-existing health condition and want to buy health insurance?

Will your policy waiting period increase for Pre-Existing diseases (PED) if the policy is not renewed?

Insurance is the subject matter of solicitation. Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited and Manipal Cigna Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Visitors are hereby informed that their information submitted on the website may be shared with insurers. All product information such as premium, benefits, exclusions, sum insured etc. are authentic and solely based on the information received from the respective insurance company.