How to Pay Mediclaim Premium Online
Health Insurance

How to Pay Mediclaim Premium Online

When everything from ordering groceries to paying utility bills can be done online, why health insurance premium payment should be any different? Today, most health insurance companies offer the facility of paying health insurance premiums online. Let us study in detail what is health insurance premium and how to pay Mediclaim premium online.

What is a health insurance premium?

Premium is the amount of money that you need to pay your insurance company to keep your policy active. In terms of medical insurance, it is the amount that one pays the insurer and the health insurance company in return promises to cover the health expenses the policyholder incurs in case of hospitalisation. The premium could be paid on a monthly basis, quarterly, half–yearly or yearly, depending on the policy terms and conditions

It is important that you pay the premium amount before the expiry date of the policy. Failure to renew the policy will result in your losing the accumulated benefits that you have earned, such as no-claim bonus and waiting period.

How to pay for health insurance?

Health insurance premium payment can be made in two ways – offline and online. To pay health insurance offline, you have to visit your insurance agent or the company, fill the form with all the required information and then pay the premium amount.

If you prefer to pay online, it could be done within minutes. Many of us today find this process more convenient as compared to offline channels of payments.

So, how to pay for health insurance online?

  • Visit the official website of your medical insurance company.

  • Click on the health insurance renewal section.

  • Fill in the policy number and registered mobile number (the process might vary from one company to another).

  • Check the terms and conditions minutely.

  • Check the renewal premium and make payments accordingly.

Filing a health insurance policy online is as simple as this. However, if you don’t understand something, then you must contact the insurance company.

If you want to revise the sum insured for the existing health insurance policy, or you have been diagnosed with a condition or you have added another beneficiary to you family floater plan, do inform the insurance company about them. Do this before you make the payment.

Health insurance companies provide the policyholder a grace period for policy renewal. The grace period is generally 15 days from the due date. The policyholder needs to renew the plan within this time period or else he or she would lose all the accumulated benefits.

As per the regulator, IRDAI, at the end of the policy period, the policy shall terminate and can be renewed within the given grace period, to maintain continuity of benefits without break in policy. However, you must note that coverage is not available during the grace period.


The above information is indicative in nature. For more details on the risk factor, terms and conditions, please refer to the Sales Brochure and Policy Wordings carefully before concluding a sale.

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