Niva Bupa Renewal: Benefits, Premiums, And Discounts For Renewing Your Health Insurance Policy

Renewing your Mediclaim policy for family is crucial in ensuring that your loved ones are protected against unforeseen medical expenses. With the rising cost of medical treatments, it’s essential to have a reliable health insurance policy that can provide adequate coverage. In this article, you can understand the benefits, premiums, and discounts offered by Niva Bupa Health Insurance for renewing your health insurance policy.

Niva Bupa Health Insurance is a well-known health insurance provider in India that offers a range of health insurance policies to cater to the needs of individuals and families. The company provides comprehensive coverage for hospitalisation, day-care treatments, and pre-and post-hospitalisation expenses. When it comes to renewing your health insurance policy with Niva Bupa Health Insurance, there are several benefits that you can enjoy.

Benefits of Renewing Your Mediclaim Policy for Family with Niva Bupa Health Insurance 

One of the primary benefits of renewing your Mediclaim policy for family with Niva Bupa Health Insurance is the continuity of coverage. Renewing your policy ensures that there is no break in coverage, and you can continue to enjoy the benefits of your policy without any interruption. Additionally, Niva Bupa Health Insurance offers several other benefits to policyholders who renew their health insurance policy with them.

Firstly, Niva Bupa Health Insurance provides a no-claim bonus (NCB) to policyholders who do not make any claims during the policy period. The NCB is a discount on the premium amount for the subsequent policy period and can range from 10% to 50%. This is an excellent way to reduce the cost of your health insurance policy while maintaining the same level of coverage.

Secondly, Niva Bupa Health Insurance provides a grace period of 30 days after the expiry of the policy to renew your health insurance policy without losing the continuity of coverage. This is beneficial for individuals who may have forgotten to renew their policy before the expiry date or require more time to make the necessary payments.

Thirdly, Niva Bupa Health Insurance offers a hassle-free renewal process, which can be done online or through its customer service center. The renewal process is quick and easy, and you can complete it within a few minutes.

Premiums and Discounts for Renewing Your Mediclaim Policy for Family with Niva Bupa Health Insurance

The premium amount for renewing your Mediclaim policy for family with Niva Bupa Health Insurance will depend on various factors such as the age of the insured, the sum insured, and the number of family members covered under the policy. However, Niva Bupa Health Insurance offers several discounts to policyholders who renew their health insurance policy with them.

One of the discounts offered by Niva Bupa Health Insurance is the long-term policy discount. If you renew your health insurance policy with Niva Bupa Health Insurance for two or three consecutive years, you can enjoy a discount of up to 10% on the premium amount. This is an excellent way to save on your health insurance premiums while ensuring continuity of coverage.

Another discount offered by Niva Bupa Health Insurance is the family discount. If you have more than one family member covered under your health insurance policy, you can enjoy a discount on the premium amount. The discount can range from 10% to 30%, depending on the number of family members covered under the policy.

Conclusion

Renewing your Mediclaim policy for family with Niva Bupa Health Insurance is an excellent way to ensure that your loved ones are protected against unforeseen medical expenses. Niva Bupa Health Insurance offers several benefits, premiums, and discounts to policyholders who renew their health insurance policy with them.