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Renewal
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No-Claim Bonus
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To begin the renewal process, please go to the renewal form. Choose the specific insurance policy you'd like to renew, whether it's for health, car, or bike coverage. Provide the necessary information, carefully examine the terms and conditions, and securely make your payment online. It's a straightforward and hassle-free process!
If you do not renew your health insurance policy prior to its expiration date, your coverage will terminate. However, there is a 30-day grace period available for policy renewal, during which you will not be eligible for any policy benefits.
In India, insurance policies commonly have a duration of one year. It is recommended to initiate the renewal process for your insurance policy several weeks in advance of its expiration date to guarantee seamless and uninterrupted coverage.
Generally, you will need to provide your previous policy document or policy number a duly filled renewal form, and any additional documents requested by the insurance provider.
The cost of your insurance policy's premium may fluctuate based on a range of factors, including the type of insurance, your claims history, and the insured property's value, among others. While it's possible for the premium to rise when you renew, it's not a definite outcome.
A no-claim bonus is a reward given by insurance companies to policyholders for not making any claims during the policy term. NCB can lead to a discount on your premium during renewal.