Health insurance policies can’t be renewed after grace period

Through the coverage time period, a policyholder has requested emigrate from non-smoker to smoker class. Will the insurer replace his coverage time period and cost an elevated premium or cancel his coverage? Will the declare be paid by the insurer in future?

—Title withheld on request


A life insurance coverage coverage can’t be modified mid-term. If the policyholder turned a smoker after the coverage was put in place, then there is no such thing as a provision emigrate the coverage from a non-smoker to a smoker.

Nonetheless, upon getting intimated the insurer concerning the change of standing from a non-smoker to a smoker, the insurer is more likely to do a verification. Insurers would need to confirm if the smoking standing was declared precisely on the time of the coverage proposal. If the insurance coverage is satisfied a few false declaration, they could transfer to cancel the coverage.


I’ve had a household well being coverage since 2017. On 1 September 2020, the coverage expired and no notification or reminder was despatched to me for renewing it. Now, is it doable to proceed with the identical coverage as I’ve already lined the ready interval tenure for pre-existing illnesses?

—Title withheld on request


Medical insurance insurance policies typically carry a grace interval of 30 days. If a coverage is renewed inside this era, then the ready interval accomplished is carried over. Nonetheless, publish the grace interval, typically, the coverage can’t be renewed with no contemporary ready interval.

You’ll be able to, nevertheless, make a request to the insurer citing the dearth of notification to revive the coverage for you.

In some instances, insurance coverage firms do make exceptions and reinstate the coverage.

Abhishek Bondia is principal officer and managing director, SecureNow.in.

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