Renew Health Insurance

A health insurance policy is the best protection shield you can buy for yourself and your family. In fact, it is important to stay protected from medical emergencies time after time, season after season, year after year. This is why you should renew health insurance annually. With Coverfox, you can renew health insurance within 5 mins! Know more here.

Why Renew Health Insurance?

Ask yourself the question - Is it not better to be protected throughout your life instead of just a few years?

  • What if you had the option to protect your health and of your family’s? Throughout the year? And year after year? This sounds like a plan!

  • Yes, it's true. You can give the best of health to your family by simply renewing your medical health insurance policy. When you renew your health policy, you get the benefits of medical cover on a continued basis.

  • In addition, why do you want to spend enormous amounts of money on medical bills when you know that the cost of healthcare in India is rising? Renew your health plan today, save on health expenses and taxes. This is where we come into your picture. At Coverfox, you can renew your health plan at a click of a button. Don’t believe it, give us a try right now!

What are the Benefits of Online Health Insurance Policy Renewal?

Policy is not the only thing which should be easy, but getting one in hand should be easier!

We, at Coverfox, understand the importance of health policy renewal on time. Therefore, we have dedicated 100% of our time in creating the best platform that is designed to make the entire process simple and easy.

With the online mode of renewal, you can get all of this information for free! Plus, renew the policy altogether in a matter of 5 minutes.

  • The online process is completely paperless, hassle-free, time-saving, and convenient.
  • You can easily switch to a new insurer during the time of online renewal.
  • You have the option to enhance the sum assured and include more family members.
  • You can avail additional discounts via the online mode.
  • The policy is delivered staring into your inbox in a matter of 5 minutes.
  • Through the online method, you can also compare other health insurance plans and their respective quotes easily.
  • Expert and Unbiased Advice - Our dedicated team of health insurance specialists offer expert advice and an informed, unbiased opinion. We will help you buy that perfect health plan for you and your family.
  • Post Sales Service - We have a dedicated team of service managers who assist you with all your post-sale requirements - from claims processing to renewals!

If you are still confused about renewing your health insurance plan, simply submit your phone number and our expert will call you soon.

How to Renew Health Insurance Online on Coverfox?

Now that you are ready to make the next move, renew today on Coverfox and get instant policy delivery straight to your inbox. Here are the steps to renew your health plan online on Coverfox.

  • Step 1 - Visit Coverfox.com and select the health insurance tab under the insurance menu.
  • Step 2 - Submit the basic details such as gender, number of people you want to insure and pincode of your locality, mobile number and email.
  • Step 3 - The page will automatically display a list of top 10 recommended health plan along with their respective quotes
  • Step 4 - If you already hold an existing policy, you have the option to increase your coverage in place of buying a new health plan altogether.
  • Step 5 - View your policy details and renewal premium amount.
  • Step 6 - Make the payment online and get the policy delivered instantly to your inbox.
  • Step 7 - If you want to check the status of your policy, simply login with your registered username and password and check the same.
  • Health Insurance Renewal Checklist

    Are you a first time buyer? Be it the first or second time, recruit or veteran, we completely understand what your mind is going through. To help you with the same, we have created a checklist that you should consider before health insurance policy renewal online.

    Coverfox
    Changing the Policyholder’s Details
    In case you want to switch the ownership in the name of your parents, you can always change the details of the policyholder during the time of policy renewal.
    Expert Advice
    Addition/Deletion
    You can also add or delete existing family members to your current health insurance plan while renewing your health insurance policy.
    Post Sales Assistance
    Bonus
    In case you have not made a claim in the previous year, your coverage increases at the same premium.
    Road Side Assistance
    Coverfox
    Top - Up
    In case you want to increase the sum insured of your existing policy, you can avail of a top-up plan over and above your existing health insurance policy during the time of renewal. You can also increase the sum assured of your existing policy.
    Expert Advice
    Disclose all Health Conditions
    It is imperative that you keep on updating your health insurer in case of any medical condition which you have contracted recently.
    Post Sales Assistance
    Terms and conditions
    The IRDAI releases a new set of rules and regulations every financial year. It is advisable that you read these terms and conditions carefully before renewing your current health plan.
    Road Side Assistance

    Important Terms in Health Insurance Renewal

    The best way to understand is to get involved, ask yourself these questions followed by the answers. Don't be shy, just give it a try.

    What does Incurred Claim Ratio mean?

    Incurred Claim Ratio is the number of claims that is paid out against the total amount of premiums received by the health insurance provider. For example, if an insurer had approved a total claim of Rs. 60 crores in the year 2020 against the premiums received amounting to Rs. 100 crores, the ICR is 60% in 2020.

    What does Claim Settlement Ratio mean?

    Claim Settlement Ratio is the number of claims that is approved or settled against the total number of claims that the health insurance company had received in a single financial year.

    What is the average health insurance cost?

    The annual premium for a 35-year old male (non-smoker) for a Rs. 20 lakh health cover can go anywhere from Rs. 11,000 to Rs. 17,000. The premiums payable for a 45-year old male (non-smoker) for a similar health cover can be around Rs. 14,000 to Rs. 25,000.

    Does a Health Plan cover AYUSH?

    Yes, most of the health plans provide Ayurvedic, Yoga, Unani, Siddha and Homeopathy cover benefits.

    What is Health Insurance Premium?

    Health insurance renewal premium is the amount you have to pay for your health insurance online renewal. The health insurance renewal rates are revised on an annual basis.

    What is a Health Insurance Card?

    A health insurance card is a unique id card through which you can avail cashless facility at a network hospital. You can easily renew health insurance card online via your insurer.

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