HDFC ERGO Health Insurance Renewal

HDFC ERGO Health Insurance is a joint venture between HDFC Ltd and ERGO International AG, the primary insurance entity of the Munich Re Group of Germany. It has a network of more than 200 branches in over 170 cities across India. The company is committed to delivering customized insurance solutions for Property, Marine, and Liability insurance requirements of its corporate customers.

HDFC ERGO Health Insurance Renewal is an easy process through which the insured can pay the pending premium for the next policy term before the policy expires.

Let’s discuss the HDFC ERGO renewal in detail.

Benefits of HDFC ERGO Health Insurance Renewal

HDFC ERGO policy renewal offers the following benefits:

• Continued coverage against medical expenses.
• Portability benefit.
• Flexibility to add or remove family members.
• Adjust the sum insured amount of the policy.
• Tax benefits under Section 80D of the Income Tax Act, 1961.

What Happens If You Do Not Renew Your HDFC ERGO Health Policy on Time?

If you forget to pay your HDFC ERGO health insurance premium on time, the following situations can arise:

• You will not receive benefits like No Claim Bonus, Lower Premium, etc.
• You will not get any coverage benefits once the policy lapses.
• After each renewal, the waiting period will be shortened. If you do not renew your health insurance, the waiting period will restart.
• You will have to purchase a new health insurance policy and go through the document verification process again.
• Insurers may require a pre-medical test to buy a new health insurance plan.

HDFC ERGO Health Insurance Grace Period

HDFC ERGO Health Insurance offers a 30-day grace period to pay the pending premium with easy payment methods so that you do not lose your coverage benefits or face policy lapse.

As per IRDAI, it is mandatory for every health insurance company to offer a grace period of 15 or 30 days to its customers.

How To Avoid HDFC ERGO Health Insurance Policy Lapsation?

• Check push notifications from the insurance company.
• Use reminders through email or SMS.
• Pay using Auto Debit.
• Contact your policy relationship manager.
• Update your contact details on the company’s online portal.

HDFC ERGO Online Renewal

Insured individuals should renew their HDFC ERGO Health policy before its expiry date. The policy can be renewed through the official website of HDFC ERGO Health Insurance or at a branch near you.

Steps to renew your HDFC Ergo Health Insurance Policy through their official website:

• Visit the official website of HDFC ERGO Health Insurance and click on 'Renew' from the top menu.
• Fill in the required information like policy number, date of birth, and registered mobile number.
• Click on the 'Let’s Renew' button.
• The next page will show the payment amount you need to pay.
• Once the payment is done, the policy documents will be sent to your registered Email ID.

For further queries, call 022-6234-6234 or 0120-6234-6234.

Important Things to Remember While Renewing HDFC Health Insurance Policy

Renewal of HDFC ERGO Health Insurance is simple. Keep the following in mind:

• Renew your policy before the expiry date.
• Keep track of the policy expiry date.
• Claims filed between the policy’s expiry date and its renewal will not be entertained.
• Re-evaluate your needs and requirements before renewing the policy.

Conclusion

Always renew your health insurance policy on time or within the grace period to continuously avail the benefits. Paying your premiums on time ensures financial security, and insurers provide a grace period if you miss the due date. However, missing the grace period will result in policy lapse, which can be troublesome during a medical emergency.