Aditya Birla Health Insurance Renewal Process
Aditya Birla Health Insurance Company (ABHICL) provides a variety of health insurance options which not only offer insurance for medical emergencies in difficult times but also ensure that their approach is customer-centric. The company, a part of the Aditya Birla Group, was founded through a partnership between Aditya Birla Capital Limited and MMI Holdings Limited, one of the biggest insurance firms that are based in South Africa. If you are holding a policy from them, here is a detailed guide on the Aditya Birla health insurance renewal process.
The purchase of a health insurance plan is an absolute necessity during the current times, especially, at a time when hospitalization and treatment expenses are shooting up in the sky. A health insurance policy will ensure that you receive prompt financial aid when you need it the most to take care of sudden medical expenses, domiciliary hospitalization, daycare procedures, pre-, and post-hospitalization expenses, etc. However, the majority of health insurance policies last for a year, and hence it is crucial to renew your insurance before the expiration date.
Why Renew Health Insurance?
The mistake of not renewing Aditya Birla’s health insurance on time should be avoided at all costs as it could lead to a variety of difficulties. If you have a grace period with the policy, there is no reason to panic as it is a period that provides you with the opportunity to renew your insurance in case you have missed the date on which your policy expired. The benefits of continuing the policy after the Aditya Birla capital health insurance renewal are reduced waiting time, no-claim bonus, etc., which you may have to miss if the policy was not renewed in the grace time.
Similar to buying health insurance on the internet or offline, you can make Aditya Birla health insurance renewal payment online, sitting at the comfort of your home, which is also one of the reasons why you must not forget the renewal dates.
Process for Renewing your Health Insurance Policy
The process of getting your Aditya Birla health insurance renewal payment is a straightforward procedure. One must thank the power of the internet for its simplicity, which one could argue to be the best. But here are two methods using which one may renew Aditya Birla health insurance:
1. Online Renewal: A vast majority of insurance companies nowadays allow you to pay your premium online, giving you the choice of numerous payment options. They also offer an easy experience in renewals for health insurance.
The following steps will ensure a smooth Aditya Birla health insurance renewal online
Step 1: Click on the payment link embedded in the email sent by the insurance company reminding you about the premiums.
Step 2: Provide your basic and personal information such as policy number, expiry date, premium amount, etc.,
Step 3: Select your desired payment option, i.e., credit/debit card, net banking, UPI, etc.
Step 4: After successful Aditya Birla capital health insurance renewal online, you shall receive the payment acknowledgment receipt as well as the renewed policy information in your registered email ID.
2. Offline Renewal: While you can make the health insurance renewal through the website, it is also possible to make the payment through offline mode as well. You can deposit the premium amount payments via cheque or demand draft or by visiting the nearest branch of any insurance company. But do remember that Aditya Birla health insurance online renewal helps you save time, energy and most importantly can fetch you good discounts as well compared to the cash deposits paid through offline mode.
Aditya Birla insurance company shall mail you the renewal reminder by email or by post. The renewal shall contain the statement that might include information including the number of claims that were made during the policy period and the type of claim (if there is any) as well as the sum insured and no-claim bonus (if there are any). The policyholder should review this document to ensure that there are no factual mistakes, before processing for renewal.
Looking to Switch to a New Policy?
As per IRDA guidelines, an insurance policyholder is eligible to move to another insurance company without surrendering the benefits accumulated through the previous insurance policy. Therefore, if you want to port to Aditya Birla health insurance scheme, from a different insurer and want to have all the benefits of the policy, insurance portability is a feature that you may utilize before renewal of the policy. The policy portability, if opted before renewal, shall ensure that you can continue to enjoy the benefits accrued under the previous insurer, but with the new insurance company, which includes the removal of the ‘waiting-period condition’ that applies to pre-existing illnesses in addition to the benefits of accruing a no-claim bonus.
What if you don’t renew your health insurance policy?
If you do not renew your Aditya Birla health insurance policy on time, then you’ll lose benefits and protection. It is recommended to make sure to pay the renewal premium in advance to avoid ending in the above situation. A majority of insurers including Aditya Birla health insurance company send reminder emails as well as text messages to your contact information on file so that you don’t be late for renewals.
It is important to renew your insurance well ahead of time and avoid falling victim to deadlines. You can also create reminders to ensure you don’t forget the date of expiration. When you renew your health insurance on your own, through the internet, make sure you are aware of the terms and conditions while also being aware of any recent changes made to the plan or coverage by referring to their official website.
With the changing times, a constant review of your health insurance plan is also necessary. It is best to determine whether your plan can provide for your medical expenses shortly. In this regard, steps must be taken before the date of renewal of your health insurance policy to see if you need to stay with the existing provider or move to another insurance plan for better coverage.