Health Insurance Renewal Online in India

A grace period in health insurance is the extra time your insurance company gives you after the renewal due date to pay your premium and keep your policy active.

Most health insurance companies in India offer a grace period of 15 to 30 days, depending on the policy. During this time, your policy is technically in a “lapsed” state, but you still have a chance to renew it without losing all your benefits.

Digit Grace Period:

• If you pay your policy premium monthly, you get 15 days as the grace period. 
• For all other premium payment modes (yearly, half‑yearly, quarterly), you get 30 days to make the payment.

Note: However, it’s important to understand that you cannot raise a claim during the grace period. If a medical emergency occurs, the insurer may reject your claim because the policy is not fully active. Hence, it’s always better to renew your health plan before the actual due date, so your coverage continues smoothly without gaps.

Note: If your grace period is over, Digit may ask for fresh medical tests or a health declaration, and you might need to buy a new health insurance policy.

In most cases, insurers require minimal documentation for medical insurance renewal. However, depending on your insurer and policy type, you may be asked to provide a few basic documents to verify your identity, address, and policy details.

At Digit, if your policy is still active or within the grace period, you can renew directly without any documents.

However, if your policy expires or if Digit may request, you need to submit the desired documents. Here are the optional documents required if your policy is lapsed and you have skipped the grace period:

• KYC documents: PAN Card, Aadhaar Card, Photograph and bank details (optional)
• Pre-policy medical check-up report or Health declaration
• Existing Policy Details (optional)

As per IRDAI rules, yes, you can port your health insurance policy at the time of renewal. Health insurance portability allows you to switch from your current insurer to another without losing important benefits like waiting period in health insurance, No Claim Bonus (NCB), and other perks.

Portability is designed to give policyholders more freedom and ensure better service, pricing, and coverage. However, it must be done within specific timelines and under certain conditions, like informing your insurer at least 30 - 60 days before the policy renewal.

When Should You Port Your Health Insurance Instead of Renewing?

You should consider porting your health insurance policy, rather than simply renewing it, when your current plan no longer meets your needs. Here are the best situations to choose portability:

• If your insurer frequently increases health insurance premiums or you find more affordable plans with better benefits elsewhere.
• If your current plan has restrictions and sub-limits, such as room rent limits, co‑payment clauses, sub‑limits, etc.
• Delayed settlements, frequent claim rejections, or poor support are strong reasons to switch policies.
• If your insurer does not have enough cashless hospitals in your area.
• When your insurer is unresponsive, slow in issuing documents, or difficult to reach.

In Short, always choose porting health insurance instead of renewing when your present policy feels inadequate, overpriced, or inconvenient.

Renewing your health insurance on time is one of the most important steps you can take to protect your health and your finances. A timely renewal ensures that your coverage continues, your waiting periods remain as they are, and your no-claim bonus carries forward. It also gives you a chance to reassess your policy, update family details, upgrade your sum insured, and add riders that match your changing needs.

Renew smartly, stay covered, and stay confident.