Bajaj Allianz Health Insurance Renewal

Want to renew your Bajaj Health Insurance Plan? Before you proceed, here are a few factors that can influence the amount of premiums you pay for a policy renewal, including:

• Policyholder's Age: Age is one of the main factors that can affect your premium rate. With age, the premium amount also increases, i.e., there are high chances that the insurance premium of senior citizens will be higher than young age people.
• Medium History: Another crucial factor that insurers check is your medical condition or history. Since the policy term, if you get diagnosed with any new medical condition, your renewal premium amount might increase. However, it is best to state all facts while renewing the policy.
• Lifestyle: If you have developed any new bad habit like smoking or started consuming alcohol regularly since the last policy term, the chances of your premium rates increasing are high. This basically happens because you might require advanced treatment in the future based on your condition.
• Customizing the Policy: In some cases, people look forward to customizing or adding more insurance coverage to their existing policy by applying for new or multiple add-ons, this can affect the premium amount.
• Claim History: Claim history also plays an important role in increasing the renewal premium amount. Hence, make sure to go through the policy terms and conditions before purchasing an insurance plan.
• Inflation Impact: Inflation in the health industry can also affect the premium rate. If there is an increase in healthcare costs, eventually your medical insurance premium will rise.

Here are the different ways to check your Bajaj Health Insurance policy renewal date. We have also listed different ways to get renewal reminders.

How to Check the Renewal Date?

An insured individual or policyholder can easily check or track their Bajaj Health Insurance policy's renewal date using the following methods:

• Policy Documents: One of the easiest ways to track your renewal date is to check your Bajaj insurance policy documents. Each health insurance policy document issued to the policyholder comprises the expiry date of the current policy. You must renew your policy on the day it expires in order to keep your benefits. To avoid any gap or enjoy interruption-free coverage, try to renew your policy on or days prior to the renewal date.

• Check Bajaj Website or Mobile App: The policyholder can directly visit Bajaj's official website or the InsuranceDekho website to check their renewal date. They can also download the mobile app and log in to their registered account to check the date of renewal. Simply, log in with your registered number and you will find the "Renew policy" option on your homepage. Click and add your policy details to track the renewal date.

• Contact Support: Another method to track your renewal date is to reach out to the helpline number (8080945060) of Bajaj's Health Insurance team. Give a missed call and an appointed executive will contact you back to provide the right assistance. You must provide policy number details and other requests to get the renewal date information. You can even contact InsuranceDekho's support team for quick help.

• WhatsApp Chat Feature: Another great source to get an update on the renewal date is the WhatsApp feature supported by Bajaj Allianz. Customers can message with their registered number to +91 7507245858 requesting details about the renewal date. The support team will get back to you requesting your name and policy details to provide more information on the renewal status.

NOTE: Customers get the grace period to renew their existing Bajaj Health Insurance policy, if they fail to renew before or on the expiration date.

*The grace period is basically the extra time provided to policyholders by the insurer to renew their coverage plan till a specific date. If they fail to renew in the given grace period, they will get no coverage and financial support. Hence, to avoid hefty fines, a grace period is given to still renew their policies. Also, remember the grace period may change based on your policy and insurer.

Reminder Options

An insurer can send quick reminders to the policyholder about the renewal date using the following methods:

• InsuranceDekho Reminder: InsuranceDekho's support team usually uses WhatsApp messages and email features to send reminders to insured individuals for policy renewals.
• Email or SMS by the Insurer: The Bajaj Allianz support team relies on multiple channels, including WhatsApp, email, and SMS feature to connect with the policyholder and remind them of policy renewal.

One can gain various benefits by renewing their Bajaj Health Insurance Policy before the expiry date, such as:

• Health Emergencies: Health issues and concerns are constantly on the rise and no one knows when they might fall into emergencies. Hence, instead of stopping your health insurance policy and financial support for expensive medical costs, try to renew your plan. Policy renewal can be a great advantage during health emergencies and critical illness.
• Lower Premiums: There can be various cases that can increase your premium rates if you renew after the expiration date. However, if you renew before the deadline, you can enjoy the benefit of having lower premium options.
• Tax Benefits: A candidate or insured individual saves money on taxes if he continues to renew the existing policy on time. In fact, they may also receive certain benefits over buying a new coverage.
• No Claim Bonus: Bajaj Health Insurance policy offers a cumulative bonus to policyholders if they had no claim during the previous policy term and renewed on time. However, if you do not renew on time, you can miss out on this benefit.
• Reduced Waiting Period: The waiting time will extend to the renewed policy if the policyholder continues, and pays the renewal premium before the expiry date. However, if he fails to do so and policy lapses, the waiting period will be reset to zero.

* A waiting period is a specified period during which certain benefits and coverage related to health insurance are not payable or available.

• Unwanted Financial Expenses: If the insured individual pays the renewal premium amount on time, he/she can prevent themselves from the risk of paying higher premium costs or re-applying for the policy from the beginning.

Here are some of the disadvantages or risks that one might undergo on non-renewal of their Bajaj Health Insurance policy:

• No Health Coverage: There are numerous benefits to having a renewed policy as it offers financial stability against unexpected medical expenses. If, due to any reason, the insured individual fails to renew their existing policy, they may be prohibited from accessing any medical coverage and other insurance benefits in relation to the existing policy.
• Financial Instability: The majority of people apply for health insurance policies for financial support during emergencies as their monthly salary is not enough to bear heavy expenses. If your policy lapses without renewal, the insurance company will no longer continue to offer financial support. It can eventually impact your lifestyle, health, and financial state in the long run.
• No Claims: All claims filed after the expiry date will become invalid if your existing policy lapses and you do not apply for renewal on time.
• Re-application Process: The policyholder will have to apply for the new policy from the beginning and submit all medical documents again, in case he fails to renew the policy before the set deadline. Chances of paying higher premiums are also possible in this case. Further, re-evaluation of medical conditions will take its own time.
• Waiting Period: All the advantages that the policyholder gained during the waiting period will go in vain if the policyholder fails to renew the policy on time. It may also lead to delays in getting coverage for certain health conditions as well as increase your financial concerns.
• No Coverage for Pre-existing Diseases: Once the waiting period has passed, pre-existing health conditions will get no coverage as continuity benefits are not supported. After the policy lapse, you will be a new client to the insurance company and must wait to experience the insurance waiting period.

Explore some of the key factors that one must consider when renewing their Bajaj Health Insurance policy.

• Policy Details Verification: Check if your existing policy coverage requires any updates or add-ons. Go through the inclusions, exclusions, terms, and conditions of the policy as well as the sum insured. Browse your medical condition since the last policy term and check if any new changes need to be made to the current policy.

• Waiting Period: Track your initial waiting periods and review their status. Examining this data will enable you to stay informed about the commencement date of any particular coverage.

• No Claim Bonus (NCB): Get most of your insurance coverage by learning how the No Claim Bonus can help you during the policy renewal process.

• Compare Policies: Compare different health insurance plans despite having a current policy in hand. Every year insurance companies modify their terms and conditions. Hence, there is a high chance that you may find a more comprehensive or less expensive option that meets your needs.

Documents Required For Renewal

Here are the following documents that the insured individual must submit when renewing their existing Bajaj Health Insurance plan.

• Policy Renewal Form with all details including your signature
• Submit your existing policy documents
• Attach your Identity proof documents, such as PAN or Aadhar card
• Address proof documents, such as Rental Agreements
• Passport size photograph
• Medical certificates or health records, if requested
• Medical check-up report with new medical concerns, if any

You can choose to pay using e-wallets, Debit/Credit Cards, or net banking options supported by Bajaj Health Insurance. Use any of the following channels to renew your existing policy.

The insured individual can renew their existing Bajaj Health Insurance Policy using the online or offline mode. Follow the below-listed steps to proceed further.

Online Procedure

In case you have made the decision to renew your policy online, here are the different options available to proceed with the process:

Online Procedure of Bajaj Health Policy Renewal with InsuranceDekho

Step 1: Search for the official website of InsuranceDekho, go to their homepage top menu bar, and click the "Support" button.

Step 2: From the different options available, choose "Renewal policy" to proceed with the renewal of your existing policy.

Step 3: Add your registered mobile number in the space proceed and send a request for "OTP verification".

Step 4: Fill in the received OTP on your registered mobile number to log in to your account and access Bajaj Health policy details.

Step 5: To start with the renewal procedure, click on the "Renew" button.

Step 6: Select the mode of payment and proceed further. Your Bajaj Health Insurance policy will be renewed following payment and completion of the policy renewal premium.

Online Procedure of Bajaj Health Policy Renewal via the Official Site

If you have made the decision to renew your existing policy from the official Bajaj health insurance website, here are the steps:

Step 1: Make a visit to the official Bajaj Allianz Health Insurance website, sign in to your account with the registered mobile number, and proceed with the "Renew" option available on the homepage.

Step 2: Select "Health Insurance Renewal" from the dropdown list to renew your policy.

Step 3: A page will appear on your screen, click on the "Renew Now" button and you will be redirected to a page where you need to fill in the existing policy number and insured's date of birth details.

Step 4: Clear the captcha and press the "View Premium Details" button on the screen.

Step 5: Here, it will show the renewal premium amount you must pay.

Step 6: As you make the payment and proceed, your Bajaj Health Insurance policy will renew. Soon, your registered email address will receive a confirmation email containing the updated policy documents.

Why Renew with InsuranceDekho

• Unfiltered advice: InsuranceDekho’s team provides unfiltered advice to policyholders or new members. They provide information on a policy that best fits your needs.
• Renewal Reminder: Even if you don't remember your expiry date, InsuranceDekho's team will send timely updates and renewal reminders via mail or mobile to keep you updated about your insurance coverage.
• Full-time Support: Executives at InsuranceDekho will support you at every step of your insurance journey. No matter whether you need information about policy renewals or changes, the team is always available for quick assistance.
• Port Feature: If you are dissatisfied with your current insurance company, InsuranceDekho's port feature will assist you in switching to a new one.

Offline Procedure

Different offline methods to consider when renewing your Bajaj Health Insurance policy include:

• InsuranceDekho Relationship Manager: Get access to home assistance service by dropping a mail or request to the InsuranceDekho's Relationship Manager. They will get back to you within 24-48 hours and provide right assistance and guidance throughout the renewal process.
• Insurer's Branch Office: Directly make a visit to the nearby insurer's branch office to get support and assistance for policy renewal.

Remember the following points when renewing your expired Bajaj Health Insurance policy:

• Eligibility: The grace period for Bajaj Allianz Health Insurance Policy is generally 15 to 30 days based on the insurance plan you have chosen for your medical condition.
• Condition: The policyholder cannot access any coverage or file a Mediclaim during the grace period if they have not paid the premium on time. In simple terms, you will not be reimbursed for medical expenses incurred during this time, i.e., if the policyholder pays the renewal payment after the expiration date but during the grace period.
  Example: You receive an update regarding the Bajaj health insurance coverage expiry date, i.e., October 15th. As per the policy terms, you will automatically get the grace period till 30th October. Now, in case you paid the premium amount after expiry but within the grace period, let's say 22nd October. In this case, any claims or coverage between 15th October to 22nd October will not be considered valid and the insurer is not payable.
• Premium: The premium generally remains low during the renewal process unless you are applying for a new medical condition or there is an age factor or add-ons.
• Renewal Process: To continue with renewing your Bajaj Allianz health insurance policy, follow the steps outlined in the previous section.

Here are the following steps that one must proceed with if they have any concerns related to service dissatisfaction or response received with the existing insurance company.

• Discuss Issues During Renewal Contact: Customers can reach out to InsuranceDekho's renewal team. As and when they contact you, feel free to share your concerns with the appointed executive. They will help find the right solution and update on policy changes.
• Porting Your Coverage with InsuranceDekho: Customers can transfer their current plan to a different insurer with the help of InsuranceDekho's Port feature. Our professionals Our specialists will offer suitable suggestions based on your particular needs.
• Connect with an InsuranceDekho Advisor: Feel free to connect with our InsuranceDekho advisors via email at support@insurancedekho.com or call +91-7551196989 for quick support.

Most people have incorrect information on how to renew their health insurance policy. Check out a few common misconceptions or myths that people have for policy renewal.

Myth 1: Health Policy Renewal Premium Increases Every Year

Reality: Most people believe health insurance premiums will increase once they renew the policy. There can be certain reasons for the increase in premium rates, such as applying for additional riders, adding new health issues to the policy, etc. But, if you are not adding anything new or specific, the premium amount remains reasonable.

Myth 2: Pre-existing Diseases Will Not Be Covered After Policy Renewal

Reality: Another misconception that most people have is that their pre-existing diseases will not get coverage after renewing the policy. However, the truth is once the waiting period for the pre-existing disease is completed under the current policy, the medical insurance plan will continue to cover pre-existing illnesses even after renewal. Just make sure you are not applying for policy renewal with any gaps.

Myth 3: During Renewal Process, Reviewing the Policy Term is not Mandatory

Reality: Some policyholders retain the notion that the terms of insurance never change, thus they never check the policy when it's time for a renewal. However, the policies do change. Therefore, it's advised to check any updates or modifications to the policy to make sure your coverage still suits your needs.

Any issues or concerns related to Bajaj Health Insurance policy renewal process can be directly sent to the support team using the following methods.

Contact Bajaj Health Insurance

• Visit the Google Play or the Apple App Store to Download Bajaj mobile app
• Drop a "Hi" message on WhatsApp number +91 75072 45858 for quick assistance
• Send a detailed email to bagichelp@bajajallianz.co.in highlighting your issue or concern.
• Use the BOING Chatbot to share your concern
• Give a missed call on 80809 45060 and a customer care executive will connect back immediately.

Contact InsuranceDekho

If customers have any queries or requests related to the Bajaj Health Policy Renewal Process, they can use the following methods to directly connect with InsuranceDekho's support team:

• Send a request or detailed mail at support@insurancedekho.com. The customer care executives will go through the request and respond within 24 – 48 hours

Share your concerns by directly communicating with the support representatives using InsuranceDekho's helpline number 755 1196 989.