Pay your medical insurance premium on time and revel in lifelong renewability

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The Covid-19 pandemic has taught Indians not only the importance of shopping for medical insurance but in addition renewing this policy on time. A recent study by Policybazaar.com showed that in FY 2021-22, 85 per cent of their customers renewed their family floater policies, and 80 per cent renewed their individual health policies, on time.

Moreover, 60 per cent selected to bolster their coverage with riders. Lifelong renewability profit Timely renewal allows policyholders to avail of the advantage of lifelong renewability. Kapil Mehta, co-founder, SecureNow Insurance Brokers says, “For those who …

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First Published: Mon, May 09 2022. 14:06 IST

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