When you buy a health insurance policy, you must take the responsibility of renewing it every year. This is crucial if you wish to continue enjoying your health insurance benefits. Most health insurance policies have a validity period of one year and have to be renewed annually for continuous coverage. Renew your health insurance policy renewal on time to ensure your policy does not lapse. In this blog we will look at the benefits of renewing your policy and explain the things you need to look out for when doing it. Why is renewing your health insurance policy important? Renewing your health insurance policy before the due date ensures uninterrupted coverage, retains your no-claim bonus benefits, and helps you avoid starting a new waiting period or undergoing fresh medical tests. Here’s why timely renewal is crucial: Continued Coverage: Avoid claim rejection due to policy expiry. Retention of No-Claim Bonus: Boost your sum insured or enjoy premium discou...