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Lifetime Renewability
Lifetime renewability means you can continue renewing your health insurance for as long as you wish, without an upper age beyond which cover ends, subject to policy terms and timely renewal. It is a feature you will value most in later years.
Overview of Manipalcigna's Individual Health Insurance
Add-on Covers: Includes features such as critical illness cover, personal accident cover, and maternity benefits, available at an additional cost. Lifetime Renewability: Most individual health insurance plans offer coverage that can be renewed for life, provided premiums are paid on time.
No Claim Bonus (NCB) vs Loyalty Discount
A No Claim Bonus rewards claim-free years, usually by increasing your sum insured. A loyalty discount or benefit recognises your continued association with the insurer, often at renewal. Both reward staying insured, but they work differently.
Overview of Manipalcigna's Individual Health Insurance
No-Claim Bonus (NCB): If no claim is made during the policy year, the sum insured may increase without an additional premium or you may get discount on the payable premium.