- What is Premium Payment
- Online Premium Payment
- Offline Premium Payment
ManipalCigna Premium Payment Process
Premium is an amount paid to the insurance company at an interval of time by the policyholder for covering his risk. In general, we can say that the risk is passed on from the insured to the insurer.A health insurance policy also has to be renewed before its expiry unlike every other non-life insurance policy . The health insurance premium payment process must be hassle free at the same time which allows the customers to avail many other benefits if the payment of premium is paid on time.
ManipalCigna Health Insurance Premium Payment is a very convenient process that can be done sitting at the comfort of your home. The Company has provided only an annual premium payment option for every plan. So at this point, the policyholder can choose whether or not he wants to renew the insurance policy or negotiate the terms.
ManipalCigna Health Insurance Policy Renewal - Offline Process
- Policyholders can renew their ManipalCigna Health Insurance policy offline by connecting and sharing their requirements with ManipalCigna Health Insurance experts on their toll-free number.
- Policyholders can even visit a nearby branch of ManipalCigna Health Insurance and get their policy renewed by submitting policy details.
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ManipalCigna Premium Payment Process: FAQ
1. What is the grace period offered by Manipalcigna Premium Payment?
Manipal Cigna Health Insurance Company offers a grace period of 15 days after the expiry of your policy.
2. What if the customer failed to pay the premium?
If the Customers fail to pay the premium the policy will lapse, and they will lose on the hard-earned benefits like no-claim bonus and waiting period.
3. What is the interval of Premium Payment of Manipal Cigna Health Insurance?
The interval of Premium Payment of Manipal Cigna Health Insurance is 1 year for every policy.
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Written By: Bindiya Sinha
Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.
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