Niva Bupa (Max Bupa) Health Insurance Renewal Process in India

It has become a necessity to purchase a medical insurance policy in the present pandemic situation, especially during a time where the cost of hospitalization and treatments is soaring. A health insurance plan can ensure you get immediate financial assistance when you need it most to pay for the unexpected medical costs such as domiciliary hospitalization and day-care services including pre and post-hospitalization costs and so on. But, the validity of most health insurance policies is for a year, therefore making the renewal important to continue utilizing the services of the policy for another year. Here, we shall look at the Max Bupa health insurance renewal process in detail.

Max Bupa (now Niva Bupa Health Insurance) is among the most reputed health insurance companies in India. It is a joint venture with True North, an Indian private equity company, and Bupa, which is a healthcare company based in the UK. Niva Bupa Health Insurance has an extensive network of over 4500+ hospitals under its wing, offering cashless treatments, and possesses a claim settlement ratio of 89.46%

Niva Bupa offers a variety of health insurance plans targeting a wide range of customers. They are:

• Niva Bupa Health Companion Insurance
• Niva Bupa Heartbeat Health Insurance
• Niva Bupa Criticare Health Insurance
• Niva Bupa GoActive Health Insurance
• Niva Bupa AccidentCare Health Insurance
• Niva Bupa Health Premia Insurance
• Niva Bupa Arogya Sanjeevani Policy Health Insurance

Why Renew your Health Insurance?

By failing with Niva Bupa health insurance renewal, the policy is not valid which should be avoided at any cost because it could lead to various problems. If the policy has a grace period, there is no reason to worry since it is the time offered by the insurance company to complete the payment of dues as a last measure.

There are plenty of benefits if you choose to renew Max Bupa health insurance such as a reduced waiting period, no-claim bonus, etc., which one cannot utilize due to non-payment of premiums for the next year.

Max Bupa Health Insurance Renewal Procedure

You can keep enjoying the benefits from the Max Bupa health insurance plan by simply renewing it on time. You can choose either Max Bupa health insurance renewal online payment or do so via an offline method too.

Online Renewal

Follow the steps below to complete the Max Bupa health insurance online renewal:

• Step 1: Go to the official website for Max Bupa Health Insurance i.e., www.maxbupa.com
• Step 2: Click the ‘Renew’ tab on the website
• Step 3: Enter your current Policy Number as well as the date of Birth’, then click the button ‘Submit’
• Step 4: Go over the details of your health insurance plan and renewal premium
• Step 5: Pay the amount using the payment gateway provided by the insurance company.

Offline Renewal

The health insurance policy can be renewed through an offline method by calling the insurer on 1860-500-8888. Also, policyholders can renew their policies at their closest location or branch of Max Bupa Health Insurance.

5 Benefits of Niva Bupa Health Insurance

The health insurance policies of Niva Bupa offer a variety of benefits to the policyholders, which you may have to lose upon if Max Bupa health insurance premium renewal is not made on time.

1. Cashless Medical Treatment: A strong network of tie-ups with all major hospitals are available throughout the nation. This means, a policyholder admitted to any one of these hospitals, need not pay anything to receive treatment. Niva Bupa shall settle all the costs that one may incur during their stay at the hospital, on providing the necessary documentation or health card or policy number. Cashless claims are the preferred method of payment among the masses, primarily due to the convenient and hassle-free reimbursement and the simplified documentation process.
2. Coverage for both pre and post- Hospitalization: Health insurance policies now offer coverage that goes beyond the hospitalization cost only. They are now designed to cover the costs of post and pre-hospitalization which may include medical expenses as well as medical consultations, ambulance costs, and more related services, which were not covered under conventional policies earlier.
3. No-Claim Bonus: Policyholders can make use of the no-claim bonus if there was no claim made during the previous year of having the policy. A policyholder is eligible to receive an additional discount in the form of a reduction of premium or an increase in insurance coverage. On completing the Max Bupa health insurance policy renewal, you will be able to benefit from the no-claim bonus.
4. Health Check-up Facilities: If you choose to enroll in a health insurance plan and by paying the renewal premiums on time, you have the facility to undergo medical tests periodically, free of cost. This shall help you keep your health in check as well as remind you of any problems in your health during the initial stage itself.
5. Co-Payment: The co-payment option can be utilized by a policyholder, wherein a certain amount of the cost of treatment is borne by the insured, and the remaining is taken care of by the insurance company. Niva Bupa health insurance plans offer its policyholders to opt for a co-payment option, thereby bringing down the initial down payment required by them to start the treatment, after admitting to the hospital.

Non-Renewal of Health Insurance Plan

If you do not make the Max Bupa health insurance policy renewal online or offline in time, you’ll lose benefits and insurance coverage. It is advised to make sure you pay your renewal premiums in advance to avoid losing your insurance as it can lead to much bigger issues including losing out on the necessary offering such as medical check-ups, OPD care, hospital cash, etc., which may lead you to peculiar situations.

The Conclusion

Therefore, you must keep your policy up-to-date and make Max Bupa health insurance renewal payment online on time before the deadline while being aware of the implications of missing the timeline. One may also set up reminders to make sure you do not forget the last date of premium payment. If you decide to renew health insurance yourself on the internet, make sure you’re aware of the terms and conditions, so you are clear of any recent changes to the policy coverage, inclusions, and exclusions by visiting their website.