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National Health Insurance Renewal
People who have health insurance must renew their policy when it ends to keep getting benefits and coverage. You can also make changes to your policy during renewal. If you miss the renewal date, the company gives you 30 extra days (called a grace period) to renew it. Here is some important information that you must know before renewing your health insurance plans.
What Happens If You Don’t Renew Your Policy on Time
Here are some consequences that you may face if you do not renew your policy on time.
- 01
You Will Have to Apply Again
If your policy ends and you don’t renew it, you will need to buy a new policy from the start. This takes more time, and you might need to do medical tests again. Also, if your health has changed, your premium (price) might become higher.
- 02
You Will Lose Health Coverage
If you don’t renew on time, your health insurance will stop. That means the National Insurance Company will not help you pay for any hospital bills, doctor visits, or treatments.
- 03
Old Health Problems May Not Be Covered
If you had a health problem before (called pre-existing diseases) and you do not renew, your new policy might not cover them. You will lose the benefit of having continued coverage for these problems.
- 04
You Will Have to Pay Medical Bills Yourself
Without health insurance, if you get sick or go to the hospital, you will have to pay all the money from your own pocket. This can be expensive, especially in emergencies.
- 05
Waiting Period Will Start Again
If you buy a new policy later, you may have to wait again for some treatments to get covered. This is called the waiting period, and it applies to things such as maternity care or pre-existing diseases.
What Can Change the Cost of National Health Insurance at the Time of Renewal?
Here are some simple things that can affect how much you pay when you renew your National Health Insurance policy:Adding or Removing Extra Benefits (Add-Ons)
If you add more features or remove some extra covers from your plan, the price may go up or down. These extras are called add-ons or riders.
Your Age
As you get older, your renewal price may increase. This is because older people usually need more medical care.
Your Claim History
If you made many claims before, your premium might go up. But if you made no claims or very few, your price can stay low or even get a discount.
Medical Costs Going Up (Inflation)
Hospital and treatment costs keep rising every year. So, your premium may also increase a little to match those costs.
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How to Renew Your National Health Insurance Policy Online?
You can easily renew your National Health Insurance policy online. Just follow these steps:
With the Help of the National Official Website:
Step 1: Open the National Insurance website and click on the button that says "Renew."Step 2: Type in your current policy number and the code shown (captcha), then click "Renew Policy."Step 3: Look at your policy details. You can change things like the amount of coverage or add extra options if you want.Step 4: Pay the renewal fee using one of the online payment options.Step 5: You will get an email to confirm that your policy has been renewed.
With the Help of the Square Insurance Website
Step 1: Go to the Square Insurance website.Step 2: Click on the "Renew" button.Step 3: Fill in your policy details.Step 4: If you want, you can choose extra options (add-ons) for your plan.Step 5: Pay the premium online. You will get your renewed policy by email.
FAQs
Health insurance renewal means paying again to continue your current plan. It helps you stay covered for medical costs for another year or period. If you don’t renew, your policy will stop, and you won’t get benefits.
You should renew your policy before it ends (expiry date). It is a good idea to renew it a few days early so you don’t miss the date. If it expires, you may not be able to use your policy when needed.
Yes, you can renew your health insurance easily on the National Insurance website. You just need to enter your old policy number and make the payment. It saves time, and you don’t need to visit any office.
Yes, you can make changes when renewing your policy. You can add extra cover (add-ons) or increase the insured amount. This helps you get better protection based on your needs.