The Covid-19 pandemic has taught Indians not just the significance of buying health insurance but also 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.
Furthermore, 60 per cent chose to bolster their coverage with riders. Lifelong renewability benefit Timely renewal allows policyholders to avail of the benefit of lifelong renewability. Kapil Mehta, co-founder, SecureNow Insurance Brokers says, “If you …
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First Published: Mon, May 09 2022. 14:06 IST
