Niva Bupa Health Insurance Renewal

Niva Bupa Health Insurance Company is a private-sector insurance firm established in 2008. Previously known as Max Bupa Health Insurance Company, Niva Bupa is one of the market leaders in Health Insurance in India. With over one crore happy customers and over 10.000 network hospitals, Niva Bupa serves its clients with a wide selection of health insurance plans and products in India.

Claim settlement ratio 99.99%

NCB* 10% of SI*

PED Waiting^# 48 months

Network Hospital 10,000+

Renew your policy on time to avoid additional costs

Our expert advisors will assist you in the process

Top Plans

Niva Bupa Health Insurance Plan(s)	Plan Type	Entry Age
Senior First	Plan Type : Sr Citizen	Entry Age : 61-75 Years
ReAssure 2.0	Plan Type : Base Product	Entry Age : Minimum 18 years for adults, 15 days for children, Maximum 65 years for adults, 18 years for children

For uninterrupted health insurance coverage, policyholders of the Niva Bupa Health Insurance Policy must regularly renew the health plan before expiration. This way, they can enjoy the benefits of insurance coverage during an emergency. Niva Bupa policy renewal can be easily done via online or offline methods. Let’s take a look at the processes here:

Steps to follow for Niva Bupa Health Insurance Renewal Process

A. Online Renewal Process

For the online Niva Bupa renewal process, visit the official portal of Niva Bupa Health Insurance
On the homepage, go to the ‘Renew Policy’ option and click on it
You will be redirected to a new window to complete the process of renewal
Enter your policy number and (DOB) date of birth
You might be required to verify an OTP sent by the insurer on your registered mobile number
You may now view the policy details and select a plan that suits your needs
Once you select the policy, make the payment of the renewal amount online
On successful payment of the renewal amount, the insurer will share a confirmation of the renewal over an email

B. Offline Renewal Process

If you want to get your Niva Bupa renewal via offline process, you can visit the nearest Niva Bupa Health Insurance branch and get the renewal process done by getting in touch with the POSP advisor. Alternatively, you can call Niva Bupa customer support to assist you with a home visit of a renewal agent from Niva Bupa to complete the process.

Benefits of Timely Renewal of Niva Bupa Health Insurance Plan

Continued Coverage – Renewing the Niva Bupa health insurance before expiration can help policyholders have continued medical coverage. Failing to renew your policy on time may result in a policy lapse, making you ineligible to raise claims.

NCB Protection - No Claim Bonus (NCB) is the benefit offered by insurers to the policyholders for not raising any claim during a policy year. By renewing your Niva Bupa health insurance before expiry, you can avail of NCB discounts on your renewal premium in the next policy year. However, not renewing the policy on time may cause it to lapse. This will cause the loss of all your NCB benefits accumulated so far.

Premium Adjustments – Some insurance companies charge greater premium amounts if a policyholder renews the policy after expiry or after the grace period. It is better to renew the policy on time to prevent the increase in premium amount. This way, you can maintain the desired premium rate.

Tax Benefits – In addition to the above, a policyholder can also lose the tax benefits availed under section 80D of the Income Tax Act if they do not renew the health insurance policy on time.

Benefits of Waiting Period - Renewing your health insurance policy before the due date is also significant to ensure the continuity of benefits of waiting periods. If you do not renew your health policy on time, it may lapse. This will require the insured to buy a new policy and to complete the waiting periods afresh before availing of the benefits of the plan.

Common Renewal Issues and Solutions

Premium rise – At the time of health insurance renewal, a policyholder is expected to declare their present state of health condition. In case the insured has acquired a lifestyle disease or any other illness, they are expected to declare the same. However, it may enhance the policy premium amount.

To solve this issue, you may try to find a different policy with a lower premium amount. You may also limit some add-ons that you think are not required to lower the premium price of your policy.

Claim rejection – Most insurance companies do not compensate for claims raised during the period between the policy expiry date until you renew the policy. Moreover, if you fail to renew the policy during the grace period, it lapses. Hence, it is essential to renew your health plan before expiry to avail of the healthcare treatment benefits.

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ICICI Lombard Health Insurance Renewal

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Tips for a Smooth Renewal

Keeping your health insurance policy active is important. For this, you need to pay the premium on time. Below are some points to remember to pay your Niva Bupa health insurance policy premium renewal on time and to avoid a policy lapse.

Always keep track of all your policy information in one place
Automatic debit is an option that you may opt for to pay policy premiums on time
You may also ask your insurer to send you reminders via email or SMS

Conclusion

Every health insurance company allows a grace period of 15-30 days to renew a health policy after its expiry date. If you want to avail of the continued benefits of your healthcare coverage, you must renew your health insurance plan before the expiry of the policy or at least within the grace period. Failing to do that will cause your policy to lapse, and you will lose all the benefits, including your accumulated NCB benefits.

Frequently asked questions

Visit the official portal of Niva Bupa Health Insurance

Go to the ‘Renew your Policy’ option on the homepage and click on it
You will be redirected to a new window to complete the process of renewal
Enter your policy number and (DOB) date of birth and any other details as required
You might be required to verify an OTP sent by the insurer on your registered mobile number
You may now view the policy details and select a plan that suits your needs
Once you select the policy, make the payment of the renewal amount online
On successful payment of the renewal amount, the insurer will share a confirmation of the renewal over an email

You may check your policy's expiry or premium payment date by visiting the ‘My Account’ section on the Niva Bupa official website.

You can check the claim status of your Niva Bupa Health Insurance claim by Logging in to your Niva Bupa account and navigating to the claims section. Here, you can check the status of your Niva Bupa Health Insurance claim status online. Besides you can also contact the customer support team of the insurer to seek details on the claim status of your Niva Bupa health insurance.

Yes, Niva Bupa offers a grace period of 30 days to renew a policy from the date of the policy expiry.

If you fail to renew your health insurance policy, it lapses. Once the policy lapses, you are no longer covered under the policy. This implies that you cannot avail of the benefits under the health insurance policy.