Health insurance is an important aspect of financial planning because it protects one from all sudden and unfortunate medical expenses. With the fast-growing medical costs, it is important that one keeps oneself covered through continuous health insurance. HDFC ERGO is one of the leading names in general insurance businesses with comprehensive health insurance to meet diversified needs. If you’ve already purchased a health insurance plan from HDFC ERGO, renewing it on time ensures you continue enjoying the same benefits without any hassle.
Renewing health insurance online is a hassle-free process that saves time and effort. In this article, we will explain the benefits of renewing HDFC ERGO health insurance online, provide a step-by-step guide, discuss the advantages of maintaining unbroken coverage, and show how AapkaPolicyWala simplifies your renewal process even further.
Why Renewal of Health Insurance is Important?
Before delving into the renewal process of HDFC ERGO health insurance online, it’s crucial to know why timely renewal is so important:
Continuous Cover: Timely renewal ensures no gap in health insurance cover. Due to such gaps, one may tend to lose on certain accrued benefits over time, such as an accumulated no-claim bonus or non-exclusion of pre-existing diseases.
Additional Benefits: With time, health insurance policies undergo modification in terms of added benefits, enhanced sum-insured limits, or even better terms. In this respect, the timing of renewal ensures you avail yourself of such added features.
No Claim Bonus: Most health insurers provide for a no-claim bonus after each claim-free year wherein the cover increases without any additional premium. On-time renewal continues this bonus and, hence, encourages one to renew accordingly.
Tax Benefits: You will be able to continue claiming the tax deduction under Sec 80D of the IT Act by renewing your health insurance policy.
Avoid Medical Screening: In case the policy lapses and is beyond the grace period, the insurance company will ask for a fresh medical screening before issuing a new policy. You avoid this hassle if you are going to do a timely renewal.
Read More: PPO Insurance: How it Works and the Benefits
HDFC ERGO Health Insurance Online – Renewal Benefits
The HDFC ERGO health insurance policy is available in many types, and renewals online are amongst the most efficient ways to ensure your coverage does not have any lapses. Here is why you should consider renewing your policy online:
Convenience and flexibility: A health insurance policy can be renewed online for flexibility in terms of location and time. Be it sitting at home or moving around, one can get the renewal processes done within a few minutes.
No paperwork: Online renewal facility avoids hassles related to paperwork. With a few clicks, you can renew your policy and receive a confirmation email with the updated policy document.
Instant Renewal: The moment you submit your request for renewal with the payment, you instantly get the policy renewed. You will be provided with the details of the policy on an immediate basis so that there would be no gap in the coverage.
Easy to pay for: HDFC ERGO has introduced different options to make a payment while renewing the policy online. That includes net banking, credit/debit cards, and UPI as well, thus making the entire process of paying premiums swift and seamless.
Customize your policy: You can go through your policy details during renewal, make changes in the coverages, or even enhance with the riders like critical illness or accidental cover.
No Agent Dependency: Renews your policy online, sans any agents’ or intermediary’s dependence. You do it yourself, without waiting for follow-ups.
Reminder Services: Upon registering online, HDFC ERGO will in turn send timely renewal reminders so you never miss out on renewal dates.
Step-by-Step Guide to HDFC ERGO Health Insurance Renewal Online
Online renewal of HDFC ERGO health insurance is pretty easy. Following are the steps that will facilitate someone through smooth and fast renewal.
1. Visiting HDFC ERGO Website
- Reach the official website of HDFC ERGO.
- On the home page, there would be a tab saying “Renew”, appearing on the top bar.
2. Entering Policy Details
- You would have to fill in some of the details like policy number and registered mobile number or email address from your currently active policy document.
3. Review Your Policy
- After fetching the policy from the system, verify that your coverage, insured amount, and add-on riders are updated.
- At this stage, if required, one could easily make alterations or even enhancements, such as sum insured enhancement or additional covers being added.
4. Choose the Mode of Payment
- Select net banking, credit card, debit card, or UPI as a mode of payment. You shall be routed to the secure mode of payment, where you can make an easy transaction.
5. Pay Premium
- Once you have chosen the mode of payment, pay the premium amount that you need to pay for the renewal. The confirmation of payment will reach you in just a few seconds, and thereafter the policy document shall reach you via email.
6. Policy Document
- Upon successful processing of the payment, your registered email will receive a directly renewed policy document. Download the policy and keep it for future reference.
What If You Miss the Renewal Date?
HDFC ERGO provides a grace period, typically ranging from 15 to 30 days depending on the policy type, allowing you extra time to renew without losing accrued benefits. Remember, your coverage is not active during the grace period, so we cannot cover any claims filed at this time.
If you miss the renewal even within the grace period, your policy will lapse. You will then have to buy a new policy, wherein you might face:
- Loss of no-claim bonus.
- Loss of waiting period benefits related to pre-existing diseases.
- Higher premiums.
Read More: Health Insurance Portability: Know Your Rights, Know Your Options
Role of AapkaPolicyWala in Your Health Insurance Renewal Process
Even though HDFC ERGO has made online renewal easy, in many instances, policyholders require further assistance or guidance, especially when they wish to make amendments or compare various renewal options. That is where AapkaPolicyWala comes in.
AapkaPolicyWala is an online insurance advisory facility that guides the policyholder through the labyrinth of insurance. Here’s how AapkaPolicyWala makes the HDFC ERGO health insurance renewal process even smoother:
- Customized Support: AapkaPolicyWala offers expert advice to help you understand all the variants available for the renewal of your policy. Increase in Sum Insured Addition of new Riders or switching to another plan-whatever it is, the insurance experts will be able to guide and assist you.
- Compare Tool: If you are stumped as to whether to continue with the same policy or switch to a different one, at AapkaPolicyWala, you can compare various health insurance policies for their benefits, premiums, and coverage of those, too, in the case of HDFC ERGO.
- Reminders on Time: AapkaPolicyWala will see to it that you don’t miss a renewal date by sending you a reminder well in advance.
- Claims Support: Apart from renewal, the support from AapkaPolicyWala also extends to claims to assist you in processing and claiming your due benefits.
These services at AapkaPolicyWala will easily enable you to make a correct decision with regards to the renewal of your HDFC ERGO health insurance policy to meet your current health needs.
Benefits of Continuous Insurance Health Cover
Continuous health insurance is not only financial protection but also assurance of quality healthcare access without undue stress. The major benefits of continual health insurance covers are as below:
Protection against Increasing Medical Costs: Medical inflation is for real, and the cost of healthcare services has increased year after year. Continuous cover provides financial protection against such growing costs.
- Pre-Existing Conditions: Most health insurance policies have a waiting period in covering the pre-existing conditions. Timely renewal keeps you from losing the waiting period accrued so far, and you shall be eligible sooner for its coverage.
- Access to Quality Treatment: Comprehensive health coverage opens all avenues for top-class treatment with no overhang of the cost factor.
- Tax Benefit: Premium paid as health insurance is deductible under the Income Tax Act, 1961, Sec 80D. Payment of premiums on time ensures the continuation of such benefits.
Renewal of your HDFC ERGO health insurance online is not only easy but very important for keeping health cover uninterrupted. You protect yourself and your family from inflating medical costs, you secure tax benefits, and you are at ease, knowing well that you are covered in case any medical emergencies strike. It gets renewed in a very short time; the online process of renewal is so simple as to be done even by sitting at home.
AapkaPolicyWala has been of quite a help to those in need of that little more assistance or who would like to consider other available policy options so as to make the most informed decisions regarding their health insurance needs.
Don’t miss out. Renew your HDFC ERGO health insurance online today.