How to Renew Daman Health Insurance Online?

The National Health Insurance Company – Daman is a UAE leading health insurance company. Providing comprehensive health insurance solutions to more than 2.8 million members, Daman health insurance is backed by a robust ecosystem of hospitals, clinics, and diagnostic centers. Health insurance in the UAE is valid for one year. To maintain continuous coverage, it must be renewed. Timely Daman insurance renewal helps you remain protected without any interruptions. We will understand how to do Daman renewal online and walk through the renewal process. ...read more

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AED 1 million Health cover starting @4/Day

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The above plans and premiums are for AED 1,000,000 Sum insured for 1 Adult of 30 Years for Dubai city.
The above plans and premiums are for AED 1,000,000 Sum insured for 1 Adult of 30 Years for Dubai city.

Every health insurance policy in the UAE comes with some specific duration. Usually, they have a validity for a certain time period of between 1-3 years. After this time period, the health insurance policy needs to be renewed before it gets expired so that the policyholder can continue to enjoy all the benefits. If, in case, a medical insurance plan isn’t renewed on time & it gets lapsed then the policyholder will not be able to avail the accumulated advantages like waiting period and No Claim Bonus (NCB) benefits & they will again have to buy the medical insurance policy.

Renewing medical insurance policy like Daman health insurance plan is so easy that can be renewed within a matter of few minutes only. Daman health insurance company provides its customers the utmost flexibility to renew health insurance policies online by just sitting at the comfort of their homes. It does not only saves the customer’s precious time but also offers flexible payment options.

In this article, we will discuss how to renew Daman health insurance online and some other important aspects which are related to the renewal of health insurance policy. So, keep on reading.

Daman Insurance Renewal Options

When it comes to renewing your Daman health insurance plans, you have two key options — 

  1. Continue with the Same Insurance Provider
    You can choose to renew your policy directly with Daman. This option is convenient for continuous coverage without any gaps. 
  2. Switch the Insurance Provider
    Alternatively, you can switch to a different insurance provider. This may offer you better rates or additional benefits that suit your needs. However, check whether the new provider meets your requirements and offers comparable coverage. 

How to Renew Daman Insurance Online?

Daman insurance renewal can be done online through Policybazaar.ae. 

Policybazaar UAE is renowned for its insurance expertise, attractive deals, 24x7 customer service, and 30-minute claims assistance. 

Daman Insurance Renewal Steps if You Already Bought Your Health Insurance from Policybazaar.ae

  1. Go to Policybazaar.ae
    Visit the Policybazaar.ae website.
  2. Sign into the Portal
    Use your mobile number and password to sign in.
  3. Access the Dashboard
    On the dashboard, you will see your active policies and a red ‘renew’ button if your policy is due for renewal. You can renew your health insurance policy 30 days before its expiration date.
  4. Click on the ‘Renew’ Button
    Hit the ‘renew’ button to be taken to the health insurance quotes page.
  5. Compare and Choose
    On the health insurance quotes page, compare health insurance plans and select the one that fits your budget and requirements.

Renewal if You Are Visiting Policybazaar.ae for the First Time

  1. Visit Policybazaar.ae
  2. Go to the Health Insurance Section
  3. Fill Out the Lead Form
    Enter details such as your name, salary, and Emirate in the lead form.
  4. View Quotes Page
    You will be directed to the health insurance quotes page. Here, you can compare multiple plans.
  5. Compare and Choose
    Compare the available health insurance plans and choose the one that suits your needs.

If you prefer personalised assistance, you can connect with a health insurance expert from Policybazaar.ae. Our specialised expert advice can help you select the best health insurance plan based on your unique needs. 

What Happens When You Don’t Renew Your Health Insurance Policy On Time?

Ideally, all the policyholders must renew their health insurance uae policies before the expiry date. Else, the policyholder will have to confront the following consequences:

1. Loss of Coverage

An expired medical insurance policy does not offer coverage. Health issues are unpredictable that may come without prior notice. If a policyholder or his/her beneficiary(s) suffer from a medical issue after the expiry of a medical policy, they can not raise a mediclaim which can increase the financial burden of the policyholder since he/she will need to bear the huge cost of medical treatments.

2. Loss of No Claim Bonus

No claim bonus (NCB) is basically a discount for not raising a medical insurance claim in the previous health insurance policy period. NCB can remain active only if no claims have been raised and if the medical insurance policy is renewed on time. If a policyholder fails to do so, their NCB will become zero and also they will lose the discount.

3. No Reduction of Waiting Period

The waiting period in a medical insurance policy is the time during which the policyholder can’t file a claim for particular medical issues. There are some common medical issues that have a waiting period in medical insurance policy such as hypertension, diabetes, thyroid, asthma, etc. A waiting period can be of few months or a few years depending on the health insurance provider. When you don’t renew a medical insurance policy on time, the delayed time is not considered under the waiting period. Hence, the medical insurance provider will count the waiting period only when the medical policy is in active mode.

4. Portability

If, in case, you are not satisfied with the coverage or premium of your existing health insurance policy then you can port a medical insurance plan from one insurance provider to another. But please note that that only active medical insurance policies can be ported. Therefore, any sort of gap in renewing the medical insurance policy can create a cause of concern for the new medical insurance company and your request for porting of medical insurance policy may get rejected.

Renewability for Lifetime

Some of the leading health insurance companies offer lifelong renewability on their medical insurance plans provided they are renewed on time. Unfortunately, the policyholder will not be able to avail of these benefits if the medical insurance policy expires and it is not put up for renewal for a longer period of time.

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Important Things to Keep In Mind While Renewing Health Insurance Policy Online

Make sure you always renew your health insurance policy before it gets expired. Doing this on time will ensure continued coverage and no loss of waiting period and no claim bonus discounts. Following are some important things that you should remember while renewing your medical insurance policy:

1. Take Good Care of Your Health

Your health insurance company may ask for a health checkup if in case they find that your current lifestyle may cause an increased number of medicaim. That is why it is very important to take care of your health to avoid paying the high premium cost.

2. Check the Coverage

A policyholder must always check the coverage he/she is opting for before making the payment for renewing a health insurance policy. Since there could be several reasons for you to consider making some kind of changes in your existing medical insurance plan. For instance, there could be an addition of a newborn child in your family or even a new health issue.

3. Consider Add-ons

The policyholder can also consider purchasing suitable add-ons/riders at the time of renewing the medical insurance policy. Since your health insurance provider may provide some new add-ons which may suit your insurance needs or your requirements would have changed from the previous policy period. Hence, you can opt for the add-ons that suit your requirements the most.

4. Go Through the Fine Print

Just like offering to new riders or health insurance plans, a medical insurance provider may also make some changes in their terms & conditions. Therefore, it is imperative to go through the fine print in order to keep yourself updated with the latest terms & conditions of your insurer. 

Benefits of Daman Insurance Renewal via Policybazaar.ae 

While renewing Daman health insurance online through our platform, you can enjoy the following benefits —

  1. Enjoy a 10% increase in coverage each year with our ‘No Claim Bonus’ upon policy renewal.
  2. Uninterrupted protection! Your sum insured is automatically reinstated once per policy year for future claims, under specific conditions.
  3. Expert advice to help you choose the best health insurance plan suited to your needs
  4. Benefit from an easy-to-use interface for a smooth and hassle-free renewal process.
  5. Get 24x7 customer service for any assistance and queries.

Tips for Daman Health Insurance Renewal 

When you renew Daman health insurance, remember the following tips for a smooth and effective process —

  1. Renew Before Expiry: Renew your policy before the due date to avoid lapses in coverage and loss of benefits. While insurance companies may offer a grace period of 15 to 30 days, it's best to renew on time. 
  2. Review Your Policy Details: Carefully read the terms and conditions of your existing policy, including coverage, exclusions, and any changes in premiums or benefits. This helps you make informed decisions about your Daman insurance renewal​.
  3. Evaluate Your Insurance Needs: Assess your current and future healthcare needs. Consider factors like changes in your health, lifestyle, or family situation. This will help you decide whether you need to increase coverage or add riders to your policy​. 
  4. Check for Better Options: Look at other health insurance plans to see if there are better benefits or lower premiums available. This is known as health insurance portability, which helps you switch providers without losing accrued benefits like the no-claim bonus​.
  5. Disclose New Health Conditions: You should disclose any new illnesses or health conditions at the time of renewal to avoid issues during claims. Providing accurate and up-to-date medical information is essential for a smooth claims process​.
  6. Consider Increasing Coverage: Given the rising healthcare costs, it may be wise to increase your sum insured. This way, you can have additional financial protection against unexpected medical expenses​.

Final Verdict

Usually, many people think that by buying a health insurance policy they are done and they don’t have to do anything. But this is a very wrong approach. Renewing your medical insurance policy in a proper and timely manner is as important as opting for the right health insurance policy for you. So, don’t forget to renew your Daman health insurance policy before its expiry date by following the aforementioned procedure to continued coverage and no loss of waiting period, and no claim bonus discounts.

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How to Renew Daman Health Insurance FAQs

What are the payment options available to renew a Daman health insurance policy online? 

To complete the renewal payment online, you can use your credit card, debit card, or net banking. 

Where can I view my Daman health insurance policy details after purchasing it? 

After you complete the payment, your policy details will be sent to your registered email ID. 

 

What are the drawbacks of not renewing a Daman health insurance policy? 

The major disadvantage of non-renewal of health insurance is that you will lose your coverage and have no claim bonus. Additionally, there will be no reduction in the waiting period. 

Is it possible to renew health insurance through the Daman app? 

Yes. You can download and install the application on your mobile. After this, access the relevant services and provide your details to view your policy, where you can choose the renewal option and proceed.

How to check the renewal status of Daman health insurance?

Follow these steps to check your Daman health insurance renewal status - 

  1. Open the official website of Daman health insurance
  2. On the home page, click on the ‘Track Your Application’ menu 
  3. Click on the ‘Track’ hyperlink 
  4. After you are directed to the next page, select ‘Individual Insurance’ or ‘Group Insurance’ 
  5. Enter your application reference number and passport number/ Emirates ID/ visa number
  6. Hit ‘View Application’ and follow the on-screen prompted instructions 
Can I include add-on coverage in an existing Daman health insurance while renewing it? 

Yes, you can include riders and customise your Daman health insurance while renewing it. During the renewal process, you will be given the option to renew or to continue with the same plan.

What is the grace period for Daman health insurance renewal?

Daman offers a grace period of 15 to 30 days after the policy expiration date for renewal. During this period, you can renew your policy without losing your accumulated benefits like the No Claim Bonus.

Can I increase my coverage amount during renewal?

Yes, you can increase your coverage amount when renewing your Daman health insurance. In fact, it’s advisable to reassess your healthcare needs and consider a higher sum insured or additional riders for better protection against rising medical costs.

Is it possible to switch to another insurance provider at the time of renewal?

Yes, you can switch to another insurance provider during the renewal process. This is known as health insurance portability. You can compare different plans and choose one that offers better benefits or lower premiums.

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