Quick Overview
Health insurance can protect you and your family from sudden medical expenses. However, this works only if your policy remains active. That is why it is necessary to ensure the timely renewal of your health insurance policy.
If you have a Care Health Insurance plan, the renewal process is straightforward. In this guide, we explain the complete process of Care health insurance renewal and how you can make your payment for it physically or digitally.
How to Renew Care Health Insurance Policy?
- Care Health Insurance Renewal Offline Process
Visit the nearest branch of Care Health Insurance, where the staff can help you with premium payment and renewal formalities.
You can locate the nearest branch through the branch locator on Care’s website and then walk in with your policy copy, ID proof, and payment instrument (cash often not accepted; usually cheque/DD/card).
- Care Health Insurance Renewal Online Process
Step 1: Visit the official website of Care Health Insurance.
Step 2: Navigate to the ‘Renew’ section and click on it.
Step 3: Enter your policy number, date of birth, and contact number. Then, click on the ‘Let’s Renew’ option to make your payment.
Alternatively, you can also download the Care Health Insurance - Customer Mobile App (available on Google Play and Apple Store) to pay for your renewal online.
IRDAI Renewability Rights for Health Insurance
- Right to Renew (Default Rule): Your health policy should be renewable, and an insurer can refuse renewal only on limited grounds like fraud or misrepresentation, as long as the product isn’t withdrawn.
- Claims Can’t be Used Against You: An insurer cannot deny renewal just because you made claims in earlier years.
- No Denial Only Due to Age: If your policy is issued and then renewed continuously without a break, renewal can’t be denied only because you’re older.
- Grace Period + Continuity Protection: As per IRDAI, the renewability grace period is 15 days for monthly instalments, and 30 days for annual, quarterly, or half-yearly installments. If you renew within this grace period, your continuity credits, sum insured, NCB, waiting periods, and moratorium must be protected.
- Coverage During Grace (Installment Cases): If you pay a premium in installments during the policy period, coverage is also available during the grace period. For non-installment premiums, coverage is usually not available.
- No Fresh Underwriting at Renewal: Insurers shouldn’t do fresh underwriting at renewal unless you request an increase in sum insured. In that case, they can underwrite only the increased portion.
- If the Product is Withdrawn: You must be given migration options, and the insurer should ensure accrued benefits, like waiting period or moratorium, are carried forward to the new policy.
Benefits of Renewing a Care Health Insurance Policy Before Expiry
Continued Coverage
Timely Care Health Insurance renewal ensures your policy remains active without any break. You can easily raise your claims based on your medical needs.
Reduced Waiting Periods
Health insurance plans have waiting periods for pre-existing conditions and specific illnesses. When you renew your policy on time, the waiting period credit continues because you just keep progressing through them with continuous coverage.
No-claim Benefits
Care Health Insurance plans offer benefits, such as a cumulative and no-claim bonus to policyholders. These rewards always depend on continuous policy renewal.
Moratorium Period
On-time Care Health Insurance renewal helps your moratorium period continue without interruption. As a part of this, claims cannot be rejected due to non-disclosure after completion of 60 months, provided there is no fraud.
Care Health Insurance Renewal Grace Period
The grace period for health insurance is a set amount of time during which you can pay your premiums even after the due date has passed.
Care Health Insurance offers a 30-day grace period with simple payment options, which makes it easier for you to pay the premium amount and protect your continuity credits.
If you do not complete the payment within the applicable Care Health Insurance renewal grace period, your policy may lapse permanently. In that case, you will have to purchase a new policy. This involves fresh underwriting, reassessment of your health conditions, and possible changes in premiums and coverage terms.
Why Choose Ditto for Health Insurance?
At Ditto, we’ve assisted over 8,00,000 customers with choosing the right insurance policy. Why customers like Abhinav below love us:
- No-Spam & No Salesmen
- Rated 4.9/5 on Google Reviews by 15,000+ happy customers
- Backed by Zerodha
- Dedicated Claim Support Team
- 100% Free Consultation
You can book a FREE consultation. Slots are running out, so make sure you book a call now! Or simply say Hi on WhatsApp!
Conclusion
The Care Health Insurance renewal process involves simple online and offline steps. Renewing the policy on time ensures you do not miss out on your coverage and receive timely rewards like loyalty bonuses.
The entire process also becomes much easier if you have purchased your policy through Ditto. You can reach out to our team for any queries or links related to Care Health Insurance renewal and get active assistance on time.
Frequently Asked Questions
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