New India Assurance Health Insurance Renewal

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*Tax benefit is subject to changes in tax laws. Standard T&C Apply

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      New India Assurance Health Insurance Renewal

      New India Assurance Health Insurance renewal is important to keep a New India health insurance policy active and worthy of claims. It is crucial for policyholders to renew their policy before its expiry date to maintain continuous medical coverage and ensure their peace of mind. They have the option to conveniently renew their medical insurance online by paying the premium through online payment methods available.

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      Benefits of Renewing a New India Assurance Health Insurance Policy Before Expiry

      Here are the top benefits associated with the timely renewal of a New India Assurance health insurance policy:

      • Non-Stop Coverage - To maintain continuous medical coverage, policyholders should renew their New India health policy before the expiration date. Failing to renew on time can result in a coverage gap and the inability to make claims with the New India Assurance Co. Ltd.
      • Protecting No Claim Bonus - Early renewal of the policy ensures that policyholders retain their No Claim Bonus (NCB) that can be used to avail discounts on renewal premiums. Letting the policy lapse leads to the forfeiture of the NCB.
      • Lower Insurance Premiums - Renewing their policy on time is crucial for policyholders because if the policy lapses, they may have to undergo fresh medical tests and apply for a new policy with higher premiums. Besides, insurers may charge a higher premium to people who renew their policy after the due date. Thus, by renewing their existing policy on time, policyholders can ensure their premiums remain lower.
      • Tax Benefits - The premium paid by policyholders for their New India Assurance Health Insurance policy is eligible for tax benefits under Section 80D of the Income Tax Act. However, if the policy lapses due to non-renewal, policyholders would lose the opportunity to save on tax.

      How to Renew a New India Assurance Health Insurance Policy?

      A New India Assurance Health Insurance policy can be renewed online by following the steps given below:

      Step 1: Go to the official website of Policybazaar Insurance Broker Private Limited.

      Step 2: Locate the "Renew Your Policy" section at the top of the page and click on "Health Renewal".

      Step 3: Fill in your registered mobile number and the OTP received on your phone.

      Step 4: Enter the relevant details and pay your New India Assurance Health Insurance policy renewal premium.

      Step 5: New users of PolicyBazaar.com can click on the ‘Health Insurance’ option on the homepage to begin the renewal process.

      Step 6: Select your gender, enter your name and provide the details of the individuals to be insured, including their ages.

      Step 7: Enter your city of residence or pin code along with your phone number.

      Step 8: Provide the necessary information regarding your medical history by choosing the suitable option.

      Step 9: Pick the New India Assurance Health Insurance policy to be renewed and make the premium payment online.

      Once the New India Assurance Co. Ltd. has received the premium payment, your policy will be renewed.

      New India Assurance Health Insurance Renewal Grace Period

      All New India Assurance Health Insurance plans provide a 30-day grace period to policyholders, allowing them additional time to pay the renewal premium after their due date. If the renewal premium is paid within this grace period, the health insurance policy will not lapse.

      However, the duration of the renewal grace period may differ from plan to plan.

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      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

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