health insurance policy. A health insurance plan financially secures your family and yourself from hefty medical expenses. “Despite the numerous advantages of health insurance, the task of getting your health insurance renewed every year can be cumbersome.
To make this process hassle-free and to reduce the burden of yearly renewal, many insurance companies offer long-term health insurance policies," said Amit Chhabra, head - health insurance, Policybazaar.com. “Long-term health insurance policies basically offer you coverage for more than one year.
In India, there are policies which offer you the choice of continuous coverage for two or three years," said Gurdeep Singh Batra, head - retail underwriting, Bajaj Allianz General Insurance.