New Delhi, Sept. 24 -- A health insurance policy delivers vital coverage against unexpected injuries and illnesses while offering significant tax benefits. Maintaining continuous coverage requires timely policy renewal; missing the deadline can lead to policy lapse, loss of accumulated benefits, and the re-imposition of waiting periods. While many insurers offer a 15- to 30-day grace period, failing to renew within this window leaves individuals-especially those with existing medical conditions-completely unprotected.

To maintain effective coverage and avoid unexpected out-of-pocket costs, keep these critical factors in mind during the renewal process:

Retain Proof & Inform Family: Keep a physical or digital copy of the premium payment ...