Check Care Health Insurance Renewal Process

Care Health Insurance, previously known as Religare Health Insurance Company Limited, was established in 2012 the company has over 10,000 employees and provides its customers with a wide range of plans including base policies, dedicated policies for heart and other critical illnesses, top-ups, personal accident, maternity cover, group personal accident insurance, etc.  

Additionally, the company provides benefits such as radiosurgery and robotic surgeries, making lives easier and less worrisome. With a claim settlement ratio of 95.2% Care is helping its policyholders relieve their financial burdens as it covers most medical expenses.

Importance of Renewing Care Health Insurance Policy

A few benefits of renewing your Care Health Insurance Policy are:-

• Continued Coverage:- Renewing your policy on time will help you in medical emergencies as the insurer will provide you with the coverage. However, if a policyholder delays the renewal of the medical policy by not paying the premium on time, it will be stopped leaving the policyholder financially distressed.
• Reduced Waiting Period:- Once you renew your policy, your waiting period time covered during the previous policy year stays intact and you will not lose on any benefits that come with the old policy. In case you falter, and then take a new policy later from the same company or any other company, you will have to serve the notice period again for pre-existing diseases, critical illness, maternity, etc.
• Free Health Check-ups:- Care provides you with the benefit of free health check-ups tracking your fitness.  It comes as a bonus when you renew your policy.
• No Claim Bonus:- If the policyholder does not apply for a claim in the year before, they will get a no-claim bonus while renewing their policy. It is a discount given to those staying healthy and fit.

Things To Consider Before Care Health Insurance Renewal Process

Before renewing your health insurance policy there are a few things a policyholder should know. Those factors are:-

• Age:- While renewing your policy the age factor plays a huge role. The premium will be based on the age of the policyholder. The older you are the higher the premium is paid.
• Changes in your Policy:- If a policyholder makes changes in their base policy like adding or removing riders, it can cause a change in their premium.
• Inflation Impact:- During inflation, a company can increase the premium at the time of renewal to keep up with the rising costs in the industry.
• Claim Track Record:- The amount of claims made by the policyholder in the previous years can also determine their premium rate. If a policyholder has made multiple claims the chances of an increase in their premium are significant and vice versa.

Reminder Option For Care Health Insurance Renewal

Knowing exactly when to renew your policy is important as it saves you from many factors like waiting periods, losing health coverage, financial risks, etc. There are two options for getting a reminder, which are:-

• InsuranceDekho Reminder:- An SMS, WhatsApp text, or email is sent to you to remind you of your approaching renewal date by InsuranceDekho.
• Reminder Through The Insurer:- Care will also send out a timely reminder to youth through emails, SMS, or WhatsApp text so that you can renew your policy without delay.

Documents Required For Care Health Policy Renewal

The documents required while renewing a policy are as follows:-

• A filled and verified policy renewal form
• ID proof (Aadhaar card, PAN card, or passport) 
• Address proof ( utility bills or rental agreement)
• Previous policy details
• Medical check-up report
• Claim History
• Some insurance policies, particularly those with a high sum insured, may require Income Proof

Care Health Policy Online Renewal Procedure

To renew your policy online through InsuranceDekho follow the following steps:-

Step 1:- Open the InsuranceDekho website.

Step 2:- Click on the “support” option on the top bar.

Step 3:- Enter your mobile number and click on “send OTP”.

Step 4:- Login through the OTP and view your Care Health Policy details.

Step 5:- Click the “ renew” button to initiate the renewal process.

Step 6:- Complete the payment to finalise renewal.

Note:- You can also renew your policy on the Care Health Insurance's official website.

Offline Renewal Procedure

To renew your policy offline through InsuranceDekho you can opt for any of the following options:-

Option 1:- You can opt for in-house assistance. An InsuranceDekho relationship manager will visit your home to help you with the renewal of your policy or any other related concerns you might have in case you require home assistance

Option 2:- You can call the InsuranceDekho advisor to assist you through the process of renewing your policy. 

Renew Your Expired Care Health Insurance Policy

Care Health Insurance offers a grace period of 30 days within which you can renew your policy. However, within these 30 days, no medical expenses will be covered by the insurer. You can renew your policy within this grace period before your policy expires. The same online and offline procedures will apply during renewal during the grace period too.

FAQs

Ques 1. What is the Grace Period during the renewal of Care Health Insurance?

Ans:- A grace period of 30 days is provided to the policyholder by Care to renew their policy. This grace period starts after the expiration date of the policy.

Ques 2. Can a policy be renewed after the expiration date?

Ans:- Yes, a policy can be renewed after the expiration date of the policy. However, this is only possible within the grace period provided by the insurer.

Ques 3. When does a Care Health Insurance policy expire?

Ans:- A Health Insurance policy expires after 1 year of purchase. After every policy year is over a policyholder is expected to renew their policy if they still need to continue with their coverage.