
A health insurance policy is typically a year-long; it must be renewed every year. Although insurance providers give a reminder of health insurance renewal, the policyholders are indeed responsible for renewing their policy on time. Doing so will ensure that the continued advantages of the policy, such as waiting times for pre-existing health conditions or no claim bonus accumulation, are not lost. A health insurance policy can expire if not renewed in time and the policyholder is no longer eligible for continued benefits.
Ignorance of the underlying details of the health insurance policy renewal process by policyholders also deprives them of continued benefits and pushes them to begin a new policy, either with the same provider or with a new insurer. Consider the following vital facts that place you in a stronger position in order to ensure that you are not robbed of insurance coverage solely because of your lack of awareness.
Things to Check before Health Insurance Renewal -
1. Health Updates
As a responsible health insurance policyholder, you must contact your insurance provider to update them of any improvement or deterioration in your pre existing health conditions or new health conditions. If you feel that your existing policy is not comprehensive enough and doesn't put you at ease, bring it to your insurers notice. Submit a formal request by writing to the insurer at least 30 days before the current cover expires in order to close the policy.
2. Make an Educated Choice
It is likely that you might have opted for your current health insurance policy based on the advice of an insurance provider or a friend. However, when you renew health insurance plan, you have the option of changing things. Everyone is different, and so the standards for health are also different. The coverage of your insurance just needs to fit your health criteria, and not be dependent on the needs of someone else. When renewing it, you may want to adjust the form of your health insurance policy. You can choose from dedicated policies for senior citizens, hospitalization arrangements, a regular plan for cash benefits, etc.
3. Policy Portability
At the time of the health insurance policy renewal, policyholders can apply for a better coverage policy upgrade or transfer to a new service provider without sacrificing the benefits of continuing the policy. The policyholder must also communicate the same information to the current insurance provider at least 45 days before the expected expiry date of the policy.
4. Premium Payments
To maintain the health insurance policy in place, the policyholder needs to pay the fee owed to the insurance provider. The receipt of the premium charged by the insurer is evidence of the willingness of the policyholder to make use of the plan's benefits
5. Grace Period
If the insured is unable to renew the policy in time, he will be entitled to pay the renewal fee for a grace period of fifteen days by the insurance provider. If, within the defined time, the insured renews the policy, the policy will be valid, and the insured will be eligible for continuing benefits.
Conclusion:
In times of need, an expired health insurance policy would not provide you with financial assistance. For you to benefit from health insurance coverage, your policy must be active. Until policy extension, changes in your health condition must be notified to the insurance provider. During the time of health insurance policy renewal, the premium may change depending on your medical condition.
Secure your health with comprehensive insurance plans from Maxbupa
Tell us a bit about you

Since the vaccine has been rolled out for the public, people are confused about how to get the COVID vaccine. Read the article to know, how you can also get this COVID-19 vaccine in India.
READ MORE
NRIs can buy a health insurance policy for your parents living in India. NRIs can either buy an individual or senior citizen health insurance policy. Click here to read the details.
READ MORE
Undergoing a medical test, before buying a health insurance policy can prove advantages in the long run. Click here to know further, why medical tests are important while buying health insurance.
READ MORE
This article explains how to avail free medical checkup as part of your health insurance policy and things to look out for. Click here to read more about it.
READ MORE
What are the different types of health insurance add-ons you can choose from? Read the article and know about 5 add-on covers that can help you in improving your health insurance cover.
READ MORE
Looking to save more, while keeping your health secure? Here are 7 different ways in which you can save money when buying a health insurance policy. Click to know more.
READ MORE
What are super top up health policies and what benefits do they offer over regular health insurance policies? Click here to know all about super top up health insurance plans in India.
READ MORE
If you want to know all about the restore/refill benefits in health insurance and read how it works, then click here to read this article about it.
READ MORE
The recharge benefit in a health insurance plan is often the best way to ensure that you are never unprepared in case a medical emergency crops up unexpectedly. Click here to know more.
READ MORE
Your present health insurance might not be sufficient to take care of your future healthcare needs. So, click here to know how to enhance your existing health insurance plan & get more benefits.
READ MORE
Comparing & buying a critical illness plan is not easy. This article tells the various components of a critical illness insurance plan and what you should look out for while comparing them.
READ MORE
Understanding the difference between incurred claim ratio and claim settlement ratio is key to knowing which insurance company is best suited for your health insurance needs. Click to know more.
READ MORE
Buying health insurance on an EMI is a smart way of gaining higher health insurance coverage and quality treatment for your medical needs. Click here to know more about it.
READ MORE
Many assume either a health insurance plan or critical illness insurance policy is enough of a cover. However, it is imminent to equip yourself with both and here is why.
READ MORE
Myths and facts related to critical illness insurance plans have always been present. Read further to know which are the myths and which are the facts.
READ MORE
Do you know that your gender can affect your health insurance premium in India? Read the article to know how does your gender affects health insurance premiums.
READ MORE
To have a secure future for you and your spouse, it is vital to make important changes in your health insurance policy after marriage. Read to know more about it.
READ MORE
5 reasons why investing in health insurance can pay off big time if you start young. (And, why it’s the smart thing to do!)
READ MORE
Health insurance is indispensable for every individual keeping in mind the rising medical cost. Today medical treatment costs have reached an all time high and are further expected to rise. Medical emergencies like sickness, disease, accidents which may result in prolonged hospitalization can leave you in severe financial crisis unless you have a comprehensive medical insurance policy which takes care of all your hospitalization expenses.
READ MORE
We all know health is wealth. Though, today to get quality healthcare, you’ll need to put wealth into your health. For instance, investing in a good health insurance policy. It can save you thousands of rupees in hospitalization charges. Wondering what’s the best insurance policy for you? Here are a few things to keep in your mind:
READ MORE
Ever seen a formula one driver without a helmet at an F1 race? A cricketer walk out to bat without pads? It’s possible but not probable. A health insurance policy also works like a pad or helmet to guard you in case of any mishap or medical emergency. After all, it takes just a second for a mishap. Let’s tell you how with a little example.
READ MORE
Group medical insurance provides coverage to many people under one group. The sum insured offered to all the members under group health insurance is more or less similar irrespective of the risk factor. Thus due to lack of flexibility in the sum insured amount and also large number of members dividing the risk factor for the health insurance provider, premium payment cost for a group health insurance policy is much lower in comparison to other types of policies.
READ MORE
I want to buy a health insurance policy for my family, which is the easiest way to do so? I want to know about the policy details before I can buy them, how can I do so?
READ MORE
Cashless Health Insurance for senior citizens takes care of the health care needs by covering their health risks. Our medical needs start to grow with our age. The senior citizens need regular health check- ups and they need to have a back-up as well to meet out any emergency and this is where a medical insurance for senior citizens ensures that they get the best medical benefit without affecting the finances.
READ MORE
Cashless hospitalization is an important factor, which you need to consider when purchasing health insurance. Medical insurance is important for all individuals, noting the rising costs of medical care. In addition, today medical treatment costs have reached the highest of all times, and are expected to increase further. Diseases and ailments, as well as accidents, can strike anyone at any given point of time. It may emotionally and financially devastate a patient's family. Although coverage cannot be made for emotional damages, financial losses can be covered by a health insurance policy.
READ MORE
Family is a source of happiness, and senior citizens are the guiding stars who stand with you through the thick and thin of your life. So would you leave your parents longing for the healthcare needs in their old age? No, in fact, you would want to ensure that your parents get the best medical treatment if they fall ill, and for this, you need a good health insurance.
READ MORE
When you are buying a health policy you are going to spend your hard earned money on it, so you have to ensure that it fits your budget & offers the important health benefits to the entire family.
READ MORE
Young professionals these days, like to live in the present and spend their money on shopping, travelling, shopping or partying. They don’t believe in investing for future. It’s because they don’t realise that buying health insurance early would not only protect their future, but also cost them less. Don’t believe us? You can calculate premium.
READ MORE
Health insurance is all the more important for senior citizens for the simple reason that as the person ages his proximity to diseases and other critical illness increases. Also with lack of monetary resources on offer, (in case the individual has retired or is surviving on pension) a medical emergency can result in severe financial crisis unless covered under a comprehensive medical insurance policy.
READ MORE
Costs of healthcare are rising by the day. In today’s world, anyone can fall prey to critical illness, hospitalization, & medical procedures. A health policy can certainly prepare you for these medical emergencies. While buying a cashless mediclaim policy, you need to be sure that, it is enough to cover all the expenses. So what your policy must offer? Let’s take a look:
READ MORE
It’s just another regular weekday. You get up in the morning, grab a cup of coffee and then head out to work. On the way, you discover that petrol prices have increased by ₹1 and you let out a deep sigh. You then realize that the prices of onions have also risen by ₹3, which frustrates you further.
READ MORE
If you think you are too small to make a difference, try spending the night with a mosquito – African proverb
READ MORE
We leave no stone unturned to keep our families safe and sound. Diseases and illness cannot be predicted so the best option is to financially protect your family and yourself in such situations by securing a health insurance for your family. The advantage of a health insurance for your family is that it covers you and your family without any limit for individual member of the family.
READ MORE
There are many policies that are available in the market and there are more than twenty insurance companies that are present in the market right now. So how do you go about choosing the best cashless health insurance policy for yourself? Let’s find some answers:
READ MORE
Accident or Accidental means an unexpected, unconditioned and uncontrolled event caused by an external and visible means.
READ MORE
The cost involved in healthcare today is extremely high making health insurance a part and parcel of our life. Medical emergencies can approach us any time and turn our world upside down, leaving us shattered and broken. Health insurance policy is a saviour in such cases and can cover the financial loss during such an emergency to a great extent. Health insurance policies may not provide coverage for emotional loss however, are great supporters for people during medical emergencies and especially when they are dependent on funds for survival.
READ MORE
With diseases on the rise and quality healthcare becoming more expensive, it is important to ensure that your children get the best healthcare possible when they need it. You already know the benefits health insurance offers adults and senior citizens.
READ MORE
Health insurance policy is indispensable for every individual keeping in mind the rising medical cost. A medical insurance policy provides coverage against spiraling medical cost in case the insured is hospitalized due to illness, disease or injury but the same medical insurance policy fails to provide any cover if the insured is diagnosed with a life threatening disease unless the policy has a critical illness rider attached to it.
READ MORE
While there is no way of knowing what tomorrow might bring in terms of a medical emergency, one can ensure that the best possible healthcare is accessible. Health insurance is thus becoming imperative in today’s world, whether for you as an individual or for securing your family’s health. Not only can health insurance ensure that you and your family receive the best possible medical treatment if an emergency arises, but also aims to safeguard your hard earned money.
READ MORE
Before anything else, here are a few stats that will get you thinking. Recent studies have reported that 20% to 30% of the population in India suffer from allergic rhinitis and that 15% develop asthma. And here’s another telling fact - India has 10% of Asthma patients in the world. Clearly, we cannot ignore the growing trend of allergic reactions in India but first, let’s answer some fundamental questions:
READ MORE
Before we answer this question, let’s ask you a question? Would you take a BMW to a local garage or an authorized service centre? The answer is quite an obvious right? You are ready to pay a little extra to the service centre as compared to your local garage because you are assured of genuine spare parts and products being used on your car, right?
READ MORE
The public healthcare system has been in a state of disarray on account of decades of apathy, low and mismanaged budgetary allocation, inadequate and outdated infrastructure, lack of concrete vision and enforcement from the government’s end.
READ MORE
“An ounce of prevention is worth a pound of cure”. Contemporary society, however, is a classic example of the reversal of such maxims, a society that vainglories in cures for self-induced diseases. Smoking does not spare the environment either and causes air, water and soil pollution due to the release of toxic pollutants. Considering the detrimental effects smoking has on one’s physical, emotional and even financial health, it’s about time that we paid attention Lifestyle diseases are going to be a bigger problem in the near future as well a considering the poor air quality in most Indian cities, a protective health cover becomes important for you and your family’s well being. Don’t get caught off guard in times of need. Calculate the premium below:
READ MORE
Having some sort of health insurance is no longer just a ‘good-to-have’ element in your financial plan; it is a ‘must-have’. As Covid-19 numbers rise, it is pertinent to ensure that you look at some tips to buy a health insurance plan that ensures you and your loved ones have financial security.
READ MORE
The elderly are especially vulnerable to the coronavirus pandemic, as data and studies have revealed. In Italy, the average age of those dying due to Covid-19 is 80, whereas in China people aged 70 and above accounted for just 12% of all infections but more than half of all deaths. In the United States, people 65 and older have thus far accounted for 31% of coronavirus cases, 53% of intensive care admissions in hospitals and 80% of deaths.
READ MORE
The world has been grappling with the coronavirus pandemic. India is among the worst hit nations, with numbers rising every day. Living in a world with Covid-19 has now become part of the ‘new normal’ and one question that is on everyone’s minds is: how do we deal with it? One way to do so apart from following guidelines like masking, handwashing and social distancing, is by buying a comprehensive health insurance plan.
READ MORE
Health insurance needs in India are rapidly changing in line with the dynamic needs of the people. After all, increased consumer awareness has led to many people looking for benefits other than just the coverage of hospitalisation costs during an emergency.
READ MORE
It is common nowadays for your insurance provider to give you the option of add-ons for you’re the full benefits of opting for an additional benefit with their plan. All you need to do is ask your insurance provider for the same while buying/renewing your policy.
READ MORE
We're here to breakdown the basics of a maternity insurance plan for you today.
READ MORE
Can you believe it? You might finish this article in the next 4 minutes and one person might lose his life. Yes, we are talking about a chilling statistic about the state-of-affairs in our country when it comes to accidents. Now just imagine the figure of other accidental deaths or injuries, which happen every day. That itself should be a major reason why should always be prepared with an accident insurance care plan.
READ MORE
How can I get maximum coverage? Will it cover my family? Which insurance plan to go for? Is it going to be cashless?
READ MORE
Rising healthcare inflation is a reality. And so is the rise in lifestyle diseases amongst the young and old. You need to be prepared for medical emergencies at any given stage in life. How can you do that? Simple, just buy a health insurance policy, which protects both your health and pocket, at the time of medical emergency or mishap.
READ MORE
They say employees are the greatest assets of your organization. Therefore, it becomes all the more reason to take care of them and their health as it keeps them motivated and productive. That’s exactly why a lot of companies are opting for group medical insurance in India today. So, what’s a group health insurance? A group health insurance is designed to provide coverage to employees or members of an organization or employer. They have numerous benefits especially if you are employed with an organization. Here are a few of them:
READ MORE
Health insurance's meaning is not the only issue that confuses people. Yet, many people go in for health insurance without being totally clear on what they are signing up for.
READ MORE
At the time of medical emergency, we understand that convenience is your only priority. You want to focus on taking care of your loved ones rather than run around for claim. At Max Bupa, we are there for you to ensure that claims are processed as quickly as possible.
READ MORE
Why is it that despite a plethora of health insurance plans available in India, there is a meager percentage of the Indian population that is insured? Let's try and understand more about buying a health insurance plan in India for starters.
READ MORE
Think of a non-metro or semi-urban area. What is the first association you make? Probably fewer commercial buildings, lower living expenses, affordable housing and less pollution. According to UN’s World Urbanization Prospects 2018 report, only 34% of India’s population lives in urban areas. That means a large chunk still resides in non-metro cities and small towns. In non-metros, people’s major healthcare concern are expenses that come along in case of hospitalization; and since 82% of people are not insured by a health insurance policy, they have to pay cash upfront at hospitals or clinics. A sudden cash requirement can put your future plans in jeopardy. A health insurance policy can help you avoid hospitalization expenses for a small sum. Don’t believe us? You can calculate the premium yourself.
READ MORE
Terms and conditions apply. Isn’t that what we all normally read on most insurance documents including health insurance? Let’s simplify it and tell you the health insurance terms that truly matter and what you need to watch out for:
READ MORE
A group insurance plan offers a health insurance cover to a specified group of people. This group may be a co-operative society, employees of an organisation, members of a professional organisation/ club, etc.
READ MORE
Health insurance is a must in this day and age. Especially, with skyrocketing medical inflation cost, rising illnesses and our unhealthy lifestyle. The problem lies in choosing the right health insurance plan for us. Here’s what you need to consider before buying an insurance plan:
READ MORE
Did you know that the cases of cancer in India doubled up in just 26 years, with over 14 lakh reported cancer patients in 2016? What's worse is that the number is only increasing and we are at more risk today than ever before. Research also shows that while most cancers are treatable with high success rates, India still falls back because most people don't find it affordable and accessible.
READ MORE
Healthcare insurance is an essential aid in today’s world where medical care costs are rising steeply with every passing day. A medical crisis like accident, critical illness or sickness can result in extended hospital stay that can leave you in a serious financial setback unless you have a comprehensive healthcare policy which can take care of your medical expenses.
READ MORE
A critical illness cover takes care of your financial burdens in the event of a serious ailment. Your insurance provider gives you a lumpsum amount which can be used to cover expenses for your diagnosis, doctor visits, medical expenses and hospitalisation as well.
READ MORE
We all talk about the general food inflation but there’s another inflation that we ought to look into seriously. In fact, here are some figures to prove that health insurance is not on a high priority list for Indians The general inflation rate is 5 to 6 % while medical inflation rate is 15%. Only 18 percent of urban Indians have health insurance coverage. That figure goes down to only 14.1 percent for people in rural areas
READ MORE
If there is one thing that we can all agree on, it is that we would do anything for family. Any problem to a family member affects everybody and considering the rising cost of healthcare expenses in India, dealing with a medical emergency without a health insurance plan can be financially crippling. Thus, if you want to secure your peace of mind and a healthy future for all members, a family health insurance plan is an excellent investment.
READ MORE
As we step into the new fiscal, most of us commence our annual tax planning regime. But how many of us really consider ‘Health Insurance’ as an important aspect of a personal investment portfolio?
READ MORE
When investing in any insurance plan, it is essential to get familiar with some of the terms most commonly associated with it. This way, you can stay on top of the benefits you are set to receive and will not end up being overwhelmed by all the paperwork.
READ MORE
Accident by definition is an unfortunate incident that happens by chance and unintentionally, typically resulting in damage or injury. The bottom line is that no one goes looking for an accident, it just happens. What’s important is to safeguard you and your family in case you do meet with one. How do you that? Simple, with a personal accident insurance.
READ MORE
Keeping in mind the rising medical costs it is necessary for every individual to have a healthcare insurance. One can be affected by a medical emergency anytime and anywhere, leaving an individual emotionally shattered and financially crushed. Having said that, emotional loss is something that can never be compensated, but for the monetary losses during a medical emergency a health insurance can definitely be a savior.
READ MORE
176%! Yes, that’s the increase in medical expenditure per hospitalization between 2004 and 2014 for urban patients. What’s even more staggering? 80% of the Indian population is still not covered by health insurance. Though the data is alarming, you could take corrective action from today. That’s by choosing a health insurance policy for you. Before you read the following tips to find yourself the best insurance, calculate your premium right now.
READ MORE
In the age of smart phones, tablets and devices, we are ready to spend thousands to keep up with the times. Not many are realizing that medical costs are rising and how! Sadly, we are not concerned to spend our money on a health insurance policy. Think about it, it can end up saving your hospital bills and ultimately your life too. All it takes is a small little premium every month or year.
READ MORE
Despite the increasing awareness regarding the benefits of getting a health insurance plan, many people still end up picking health insurance policies for family and self without completely understanding the concept. To help you out in this process, here are some common health insurance regulations you should be aware of
READ MORE
An individual health insurance plan covers a single person/ policyholder and offers them financial protection during health emergencies. The benefits extend to hospitalisation coverage, OPD coverage and even room rent.
READ MORE
Did you know that in just one year, over 5.5 crore people were driven into poverty in India because of medical bills? In fact, it is one of the biggest reasons for bankruptcy around the world. Even the smallest of health issues can cost you tens of thousands of rupees, and if it ends up being severe, it can set you back by lakhs.
READ MORE
Check out our blog to find out what the doctors and experts have to say on health insurance and healthy living.
READ MORE
Check out our blog to find out what the doctors and experts have to say on health insurance and healthy living.
READ MORE
Read this article to know about Senior Citizen Mediclaim policies, and ways to ensure that you are choosing the best Health Insurance Policy for your Parents or Senior Citizen family member.
READ MORE
The importance of buying a comprehensive health insurance plan is pretty clear in 2020. With enhanced features and dozens of insurers to choose from, consumers are now spoilt for choices. Comparing health insurance plans is no longer a luxury, but a necessity for today’s consumer. To simplify this process, insurers have developed parameters to compare health insurance plans against. One such parameter is known as the ‘Health insurance claim ratio,’ or simply ‘claim settlement ratio (CSR).’ What is this parameter and how can it help?
READ MORE
A Group Health Insurance Policy provides many benefits to both employees and the employer. Read this article to know about all the advantages of Group Health Insurance Policy in India.
READ MORE
If you are not satisfied with the plan that you had opted for and want to switch health insurance providers, health policy portability allows you to choose a different insurer without losing out on the benefits accrued from the current insurer.
READ MORE
It is important for women to buy Health Insurance Policy in India. Understand the top benefits of Women’s Health Insurance & how it has become an essential requirement in recent times.
READ MORE
Buying Health Insurance for a woman is an important decision. Read these factors to be considered before buying a Women’s Health Insurance Policy in India to choose the best one.
READ MORE
What are super top up health policies and what benefits do they offer over regular health insurance policies? Click here to know all about super top up health insurance plans in India.
READ MORE
If you want to know all about the restore/refill benefits in health insurance and read how it works, then click here to read this article about it.
READ MORE
The recharge benefit in a health insurance plan is often the best way to ensure that you are never unprepared in case a medical emergency crops up unexpectedly. Click here to know more.
READ MORE
To have a secure future for you and your spouse, it is vital to make important changes in your health insurance policy after marriage. Read to know more about it.
READ MORE
Many assume either a health insurance plan or critical illness insurance policy is enough of a cover. However, it is imminent to equip yourself with both and here is why.
READ MORE
Myths and facts related to critical illness insurance plans have always been present. Read further to know which are the myths and which are the facts.
READ MORE
Buying health insurance on an EMI is a smart way of gaining higher health insurance coverage and quality treatment for your medical needs. Click here to know more about it.
READ MORE
Understanding the difference between incurred claim ratio and claim settlement ratio is key to knowing which insurance company is best suited for your health insurance needs. Click to know more.
READ MORE
Comparing & buying a critical illness plan is not easy. This article tells the various components of a critical illness insurance plan and what you should look out for while comparing them.
READ MORE
Since the vaccine has been rolled out for the public, people are confused about how to get the COVID vaccine. Read the article to know, how you can also get this COVID-19 vaccine in India.
READ MORE
Undergoing a medical test, before buying a health insurance policy can prove advantages in the long run. Click here to know further, why medical tests are important while buying health insurance.
READ MORE
Looking to save more, while keeping your health secure? Here are 7 different ways in which you can save money when buying a health insurance policy. Click to know more.
READ MORE
NRIs can buy a health insurance policy for your parents living in India. NRIs can either buy an individual or senior citizen health insurance policy. Click here to read the details.
READ MORE
Do you know that your gender can affect your health insurance premium in India? Read the article to know how does your gender affects health insurance premiums.
READ MORE
Your present health insurance might not be sufficient to take care of your future healthcare needs. So, click here to know how to enhance your existing health insurance plan & get more benefits.
READ MORE
This article explains how to avail free medical checkup as part of your health insurance policy and things to look out for. Click here to read more about it.
READ MORE
What are the different types of health insurance add-ons you can choose from? Read the article and know about 5 add-on covers that can help you in improving your health insurance cover.
READ MORE
Buying Health Insurance for a woman is an important decision. Read these factors to be considered before buying a Women’s Health Insurance Policy in India to choose the best one.
READ MORE
It is important for women to buy Health Insurance Policy in India. Understand the top benefits of Women’s Health Insurance & how it has become an essential requirement in recent times.
READ MORE
Read this article to know about Senior Citizen Mediclaim policies, and ways to ensure that you are choosing the best Health Insurance Policy for your Parents or Senior Citizen family member.
READ MORE
The elderly are especially vulnerable to the coronavirus pandemic, as data and studies have revealed. In Italy, the average age of those dying due to Covid-19 is 80, whereas in China people aged 70 and above accounted for just 12% of all infections but more than half of all deaths. In the United States, people 65 and older have thus far accounted for 31% of coronavirus cases, 53% of intensive care admissions in hospitals and 80% of deaths.
READ MORE
If you are not satisfied with the plan that you had opted for and want to switch health insurance providers, health policy portability allows you to choose a different insurer without losing out on the benefits accrued from the current insurer.
READ MORE
The importance of buying a comprehensive health insurance plan is pretty clear in 2020. With enhanced features and dozens of insurers to choose from, consumers are now spoilt for choices. Comparing health insurance plans is no longer a luxury, but a necessity for today’s consumer. To simplify this process, insurers have developed parameters to compare health insurance plans against. One such parameter is known as the ‘Health insurance claim ratio,’ or simply ‘claim settlement ratio (CSR).’ What is this parameter and how can it help?
READ MORE
A Group Health Insurance Policy provides many benefits to both employees and the employer. Read this article to know about all the advantages of Group Health Insurance Policy in India.
READ MORE
Check out our blog to find out what the doctors and experts have to say on health insurance and healthy living.
READ MORE
Young professionals these days, like to live in the present and spend their money on shopping, travelling, shopping or partying. They don’t believe in investing for future. It’s because they don’t realise that buying health insurance early would not only protect their future, but also cost them less. Don’t believe us? You can calculate premium.
READ MORE
Keeping in mind the rising medical costs it is necessary for every individual to have a healthcare insurance. One can be affected by a medical emergency anytime and anywhere, leaving an individual emotionally shattered and financially crushed. Having said that, emotional loss is something that can never be compensated, but for the monetary losses during a medical emergency a health insurance can definitely be a savior.
READ MORE
We all know health is wealth. Though, today to get quality healthcare, you’ll need to put wealth into your health. For instance, investing in a good health insurance policy. It can save you thousands of rupees in hospitalization charges. Wondering what’s the best insurance policy for you? Here are a few things to keep in your mind:
READ MORE
We're here to breakdown the basics of a maternity insurance plan for you today.
READ MORE
If you think you are too small to make a difference, try spending the night with a mosquito – African proverb
READ MORE
With diseases on the rise and quality healthcare becoming more expensive, it is important to ensure that your children get the best healthcare possible when they need it. You already know the benefits health insurance offers adults and senior citizens.
READ MORE
Family is a source of happiness, and senior citizens are the guiding stars who stand with you through the thick and thin of your life. So would you leave your parents longing for the healthcare needs in their old age? No, in fact, you would want to ensure that your parents get the best medical treatment if they fall ill, and for this, you need a good health insurance.
READ MORE
It is common nowadays for your insurance provider to give you the option of add-ons for you’re the full benefits of opting for an additional benefit with their plan. All you need to do is ask your insurance provider for the same while buying/renewing your policy.
READ MORE
176%! Yes, that’s the increase in medical expenditure per hospitalization between 2004 and 2014 for urban patients. What’s even more staggering? 80% of the Indian population is still not covered by health insurance. Though the data is alarming, you could take corrective action from today. That’s by choosing a health insurance policy for you. Before you read the following tips to find yourself the best insurance, calculate your premium right now.
READ MORE
Group medical insurance provides coverage to many people under one group. The sum insured offered to all the members under group health insurance is more or less similar irrespective of the risk factor. Thus due to lack of flexibility in the sum insured amount and also large number of members dividing the risk factor for the health insurance provider, premium payment cost for a group health insurance policy is much lower in comparison to other types of policies.
READ MORE
I want to buy a health insurance policy for my family, which is the easiest way to do so? I want to know about the policy details before I can buy them, how can I do so?
READ MORE
Health insurance is a must in this day and age. Especially, with skyrocketing medical inflation cost, rising illnesses and our unhealthy lifestyle. The problem lies in choosing the right health insurance plan for us. Here’s what you need to consider before buying an insurance plan:
READ MORE
A critical illness cover takes care of your financial burdens in the event of a serious ailment. Your insurance provider gives you a lumpsum amount which can be used to cover expenses for your diagnosis, doctor visits, medical expenses and hospitalisation as well.
READ MORE
When you are buying a health policy you are going to spend your hard earned money on it, so you have to ensure that it fits your budget & offers the important health benefits to the entire family.
READ MORE
Accident by definition is an unfortunate incident that happens by chance and unintentionally, typically resulting in damage or injury. The bottom line is that no one goes looking for an accident, it just happens. What’s important is to safeguard you and your family in case you do meet with one. How do you that? Simple, with a personal accident insurance.
READ MORE
The cost involved in healthcare today is extremely high making health insurance a part and parcel of our life. Medical emergencies can approach us any time and turn our world upside down, leaving us shattered and broken. Health insurance policy is a saviour in such cases and can cover the financial loss during such an emergency to a great extent. Health insurance policies may not provide coverage for emotional loss however, are great supporters for people during medical emergencies and especially when they are dependent on funds for survival.
READ MORE
How can I get maximum coverage? Will it cover my family? Which insurance plan to go for? Is it going to be cashless?
READ MORE
We leave no stone unturned to keep our families safe and sound. Diseases and illness cannot be predicted so the best option is to financially protect your family and yourself in such situations by securing a health insurance for your family. The advantage of a health insurance for your family is that it covers you and your family without any limit for individual member of the family.
READ MORE
Before anything else, here are a few stats that will get you thinking. Recent studies have reported that 20% to 30% of the population in India suffer from allergic rhinitis and that 15% develop asthma. And here’s another telling fact - India has 10% of Asthma patients in the world. Clearly, we cannot ignore the growing trend of allergic reactions in India but first, let’s answer some fundamental questions:
READ MORE
Can you believe it? You might finish this article in the next 4 minutes and one person might lose his life. Yes, we are talking about a chilling statistic about the state-of-affairs in our country when it comes to accidents. Now just imagine the figure of other accidental deaths or injuries, which happen every day. That itself should be a major reason why should always be prepared with an accident insurance care plan.
READ MORE
We all talk about the general food inflation but there’s another inflation that we ought to look into seriously. In fact, here are some figures to prove that health insurance is not on a high priority list for Indians The general inflation rate is 5 to 6 % while medical inflation rate is 15%. Only 18 percent of urban Indians have health insurance coverage. That figure goes down to only 14.1 percent for people in rural areas
READ MORE
Healthcare insurance is an essential aid in today’s world where medical care costs are rising steeply with every passing day. A medical crisis like accident, critical illness or sickness can result in extended hospital stay that can leave you in a serious financial setback unless you have a comprehensive healthcare policy which can take care of your medical expenses.
READ MORE
Accident or Accidental means an unexpected, unconditioned and uncontrolled event caused by an external and visible means.
READ MORE
While there is no way of knowing what tomorrow might bring in terms of a medical emergency, one can ensure that the best possible healthcare is accessible. Health insurance is thus becoming imperative in today’s world, whether for you as an individual or for securing your family’s health. Not only can health insurance ensure that you and your family receive the best possible medical treatment if an emergency arises, but also aims to safeguard your hard earned money.
READ MORE
It’s just another regular weekday. You get up in the morning, grab a cup of coffee and then head out to work. On the way, you discover that petrol prices have increased by ₹1 and you let out a deep sigh. You then realize that the prices of onions have also risen by ₹3, which frustrates you further.
READ MORE
Rising healthcare inflation is a reality. And so is the rise in lifestyle diseases amongst the young and old. You need to be prepared for medical emergencies at any given stage in life. How can you do that? Simple, just buy a health insurance policy, which protects both your health and pocket, at the time of medical emergency or mishap.
READ MORE
At the time of medical emergency, we understand that convenience is your only priority. You want to focus on taking care of your loved ones rather than run around for claim. At Max Bupa, we are there for you to ensure that claims are processed as quickly as possible.
READ MORE
As we step into the new fiscal, most of us commence our annual tax planning regime. But how many of us really consider ‘Health Insurance’ as an important aspect of a personal investment portfolio?
READ MORE
Terms and conditions apply. Isn’t that what we all normally read on most insurance documents including health insurance? Let’s simplify it and tell you the health insurance terms that truly matter and what you need to watch out for:
READ MORE
Before we answer this question, let’s ask you a question? Would you take a BMW to a local garage or an authorized service centre? The answer is quite an obvious right? You are ready to pay a little extra to the service centre as compared to your local garage because you are assured of genuine spare parts and products being used on your car, right?
READ MORE
They say employees are the greatest assets of your organization. Therefore, it becomes all the more reason to take care of them and their health as it keeps them motivated and productive. That’s exactly why a lot of companies are opting for group medical insurance in India today. So, what’s a group health insurance? A group health insurance is designed to provide coverage to employees or members of an organization or employer. They have numerous benefits especially if you are employed with an organization. Here are a few of them:
READ MORE
Think of a non-metro or semi-urban area. What is the first association you make? Probably fewer commercial buildings, lower living expenses, affordable housing and less pollution. According to UN’s World Urbanization Prospects 2018 report, only 34% of India’s population lives in urban areas. That means a large chunk still resides in non-metro cities and small towns. In non-metros, people’s major healthcare concern are expenses that come along in case of hospitalization; and since 82% of people are not insured by a health insurance policy, they have to pay cash upfront at hospitals or clinics. A sudden cash requirement can put your future plans in jeopardy. A health insurance policy can help you avoid hospitalization expenses for a small sum. Don’t believe us? You can calculate the premium yourself.
READ MORE
Health insurance is indispensable for every individual keeping in mind the rising medical cost. Today medical treatment costs have reached an all time high and are further expected to rise. Medical emergencies like sickness, disease, accidents which may result in prolonged hospitalization can leave you in severe financial crisis unless you have a comprehensive medical insurance policy which takes care of all your hospitalization expenses.
READ MORE
Cashless hospitalization is an important factor, which you need to consider when purchasing health insurance. Medical insurance is important for all individuals, noting the rising costs of medical care. In addition, today medical treatment costs have reached the highest of all times, and are expected to increase further. Diseases and ailments, as well as accidents, can strike anyone at any given point of time. It may emotionally and financially devastate a patient's family. Although coverage cannot be made for emotional damages, financial losses can be covered by a health insurance policy.
READ MORE
A group insurance plan offers a health insurance cover to a specified group of people. This group may be a co-operative society, employees of an organisation, members of a professional organisation/ club, etc.
READ MORE
An individual health insurance plan covers a single person/ policyholder and offers them financial protection during health emergencies. The benefits extend to hospitalisation coverage, OPD coverage and even room rent.
READ MORE
When investing in any insurance plan, it is essential to get familiar with some of the terms most commonly associated with it. This way, you can stay on top of the benefits you are set to receive and will not end up being overwhelmed by all the paperwork.
READ MORE
Despite the increasing awareness regarding the benefits of getting a health insurance plan, many people still end up picking health insurance policies for family and self without completely understanding the concept. To help you out in this process, here are some common health insurance regulations you should be aware of
READ MORE
The public healthcare system has been in a state of disarray on account of decades of apathy, low and mismanaged budgetary allocation, inadequate and outdated infrastructure, lack of concrete vision and enforcement from the government’s end.
READ MORE
Health insurance's meaning is not the only issue that confuses people. Yet, many people go in for health insurance without being totally clear on what they are signing up for.
READ MORE
Why is it that despite a plethora of health insurance plans available in India, there is a meager percentage of the Indian population that is insured? Let's try and understand more about buying a health insurance plan in India for starters.
READ MORE
Did you know that the cases of cancer in India doubled up in just 26 years, with over 14 lakh reported cancer patients in 2016? What's worse is that the number is only increasing and we are at more risk today than ever before. Research also shows that while most cancers are treatable with high success rates, India still falls back because most people don't find it affordable and accessible.
READ MORE
If there is one thing that we can all agree on, it is that we would do anything for family. Any problem to a family member affects everybody and considering the rising cost of healthcare expenses in India, dealing with a medical emergency without a health insurance plan can be financially crippling. Thus, if you want to secure your peace of mind and a healthy future for all members, a family health insurance plan is an excellent investment.
READ MORE
Health insurance is all the more important for senior citizens for the simple reason that as the person ages his proximity to diseases and other critical illness increases. Also with lack of monetary resources on offer, (in case the individual has retired or is surviving on pension) a medical emergency can result in severe financial crisis unless covered under a comprehensive medical insurance policy.
READ MORE
Did you know that in just one year, over 5.5 crore people were driven into poverty in India because of medical bills? In fact, it is one of the biggest reasons for bankruptcy around the world. Even the smallest of health issues can cost you tens of thousands of rupees, and if it ends up being severe, it can set you back by lakhs.
READ MORE
Costs of healthcare are rising by the day. In today’s world, anyone can fall prey to critical illness, hospitalization, & medical procedures. A health policy can certainly prepare you for these medical emergencies. While buying a cashless mediclaim policy, you need to be sure that, it is enough to cover all the expenses. So what your policy must offer? Let’s take a look:
READ MORE
Ever seen a formula one driver without a helmet at an F1 race? A cricketer walk out to bat without pads? It’s possible but not probable. A health insurance policy also works like a pad or helmet to guard you in case of any mishap or medical emergency. After all, it takes just a second for a mishap. Let’s tell you how with a little example.
READ MORE
Having some sort of health insurance is no longer just a ‘good-to-have’ element in your financial plan; it is a ‘must-have’. As Covid-19 numbers rise, it is pertinent to ensure that you look at some tips to buy a health insurance plan that ensures you and your loved ones have financial security.
READ MORE
The world has been grappling with the coronavirus pandemic. India is among the worst hit nations, with numbers rising every day. Living in a world with Covid-19 has now become part of the ‘new normal’ and one question that is on everyone’s minds is: how do we deal with it? One way to do so apart from following guidelines like masking, handwashing and social distancing, is by buying a comprehensive health insurance plan.
READ MORE
There are many policies that are available in the market and there are more than twenty insurance companies that are present in the market right now. So how do you go about choosing the best cashless health insurance policy for yourself? Let’s find some answers:
READ MORE
Cashless Health Insurance for senior citizens takes care of the health care needs by covering their health risks. Our medical needs start to grow with our age. The senior citizens need regular health check- ups and they need to have a back-up as well to meet out any emergency and this is where a medical insurance for senior citizens ensures that they get the best medical benefit without affecting the finances.
READ MORE
Health insurance needs in India are rapidly changing in line with the dynamic needs of the people. After all, increased consumer awareness has led to many people looking for benefits other than just the coverage of hospitalisation costs during an emergency.
READ MORE
“An ounce of prevention is worth a pound of cure”. Contemporary society, however, is a classic example of the reversal of such maxims, a society that vainglories in cures for self-induced diseases. Smoking does not spare the environment either and causes air, water and soil pollution due to the release of toxic pollutants. Considering the detrimental effects smoking has on one’s physical, emotional and even financial health, it’s about time that we paid attention Lifestyle diseases are going to be a bigger problem in the near future as well a considering the poor air quality in most Indian cities, a protective health cover becomes important for you and your family’s well being. Don’t get caught off guard in times of need. Calculate the premium below:
READ MORE
In the age of smart phones, tablets and devices, we are ready to spend thousands to keep up with the times. Not many are realizing that medical costs are rising and how! Sadly, we are not concerned to spend our money on a health insurance policy. Think about it, it can end up saving your hospital bills and ultimately your life too. All it takes is a small little premium every month or year.
READ MORE
Check out our blog to find out what the doctors and experts have to say on health insurance and healthy living.
READ MORE
5 reasons why investing in health insurance can pay off big time if you start young. (And, why it’s the smart thing to do!)
READ MORE
Health insurance policy is indispensable for every individual keeping in mind the rising medical cost. A medical insurance policy provides coverage against spiraling medical cost in case the insured is hospitalized due to illness, disease or injury but the same medical insurance policy fails to provide any cover if the insured is diagnosed with a life threatening disease unless the policy has a critical illness rider attached to it.
READ MORE