What is Life Renewal Insurance?

Life Renewal Insurance refers to the process of continuing your existing life insurance policy by paying the renewal premium on or before the due date. It guarantees that your policy does not lapse, and your family remains protected against uncertainties such as untimely death, critical illness, or financial hardships.

Why is Life Renewal Important?

• ✔ Continuous Protection: If your policy lapses, your family could lose the much-needed financial support in times of crisis.
• ✔ Avoid Extra Costs: Reinstating a lapsed policy may involve additional charges, medical checkups, and penalties.
• ✔ Bonus and Benefits: Timely renewal ensures you continue enjoying bonuses, loyalty additions, and maturity benefits.
• ✔ Peace of Mind: With uninterrupted coverage, you and your family can focus on living life without financial worries.

Benefits of Timely Life Insurance Renewal

• ✔ Financial Security: Keeps your family protected against life’s uncertainties.
• ✔ Hassle-Free Process: Easy online renewal through platforms like Doorstep Bima makes the process convenient and quick.
• ✔ Flexible Payment Modes: Choose from monthly, quarterly, or annual premium payment options.
• ✔ Tax Savings: Continue enjoying tax deductions under Section 80C and 10(10D) of the Income Tax Act.

How to Renew Life Insurance Easily?

1. Check Your Policy Due Date: Always keep track of renewal reminders.
2. Pay Premium Online: Use secure payment gateways through Doorstep Bima.
3. Update Information: If there are any changes in your personal or health details, update them during renewal.
4. Automatic Renewal Option: Set up auto-debit to avoid missing deadlines.