Online Insurance

Health insurance is a financial investment which enables individuals and families to safeguard their health from any disease and sudden ailments.
Gone are the times when you needed an agent to take a policy or renew it, it has become all digital now. Nowadays, you can get complete assistance online regarding policy details, premium payment, tenure of the policy, and any other fine details one needs. Now we all know that getting <a title="online health insurance" href="https://payrup.com/health-insurance" target="_blank" rel="noopener">online health insurance</a> is something the younger generation can easily do, but what about a generation above them?&nbsp; Can they too get onto the trend? We say, certainly YES!
With a few easy clicks, you can make or renew your health insurance policy thus gaining a lot of benefits altogether such as pre and post hospitalisation cover, annual check-ups, no claim bonuses, etc.
There are a few simple and easy steps that one can follow to perform in order to buy <a title="health insurance policies online" href="https://en.wikipedia.org/wiki/Health_insurance_in_India" target="_blank" rel="noopener">health insurance policies online</a>, which are listed below:
<ul>
<li style="font-weight: 400;" aria-level="1">On the Payrup website, go to the &lsquo;Health Insurance&rsquo; page</li>
<li style="font-weight: 400;" aria-level="1">Select your desired <a title="health insurance company" href="https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo264&amp;mid=3.2.10" target="_blank" rel="noopener">health insurance company</a></li>
<li style="font-weight: 400;" aria-level="1">Enter your unique policy number, and other specific details such as date of birth, and other necessary details as required (depending on the insurer)</li>
<li style="font-weight: 400;" aria-level="1">Enter the amount and go ahead for finishing the payments</li>
<li style="font-weight: 400;" aria-level="1">Click on &lsquo;Proceed to Pay&rsquo; to head to the payment section</li>
<li style="font-weight: 400;" aria-level="1">A user can choose to pay from their preferred payment mode such as debit card, credit card, internet banking, MyRupee wallet, wallets, etc.</li>
<li style="font-weight: 400;" aria-level="1">Complete your payment and your bill is paid</li>
<li style="font-weight: 400;" aria-level="1">Find all your transaction details in the &lsquo;My Transactions&rsquo; section in your account</li>
</ul>
Make on-time health insurance premium payments to ensure that your insurance policy remains active and you get the maximum benefits when there is a requirement for it. Choose <a title="Payrup" href="https://payrup.com/blogs" target="_blank" rel="noopener">Payrup</a> to pay for your health insurance premiums instantly and avail great additional benefits such as cashbacks, discounts, etc.
Final Thoughts&hellip;&nbsp;
Popular bill payment facilities available on <a title="Payrup" href="https://payrup.com/" target="_blank" rel="noopener">Payrup</a>!
Payrup has a host of facilities that can all be paid online using our platform.
Choose to make payments for mobile prepaid, mobile postpaid, dth, electricity, landline bills, piped gas, broadband bills, water bills, e-gift cards purchases, cable tv bills, credit card bills, <a title="health insurance purchase" href="https://payrup.com/blogs/9-genuine-reasons-to-buy-health-insurance" target="_blank" rel="noopener">health insurance purchase</a>, housing society payments, life <a title="insurance premium purchases" href="https://payrup.com/blogs/how-to-cancel-sbi-life-insurance-policy" target="_blank" rel="noopener">insurance premium purchases</a>, loan repayments, hospital payments, subscriptions, education fees, fastag payments, LPG gas bills, municipal services and municipal taxes&rsquo; payments Payrup has it all covered for our users under one roof.

Payrup to pay for your health insurance premiums instantly and avail great additional benefits such as cashbacks, discounts, etc.

Technology introduces online insurance premium payments

There have been many surveys conducted that showed that India has around a 10% medical trend rate which implies that the expenditure per capita on health care is estimated to rise with this stipulated rate only. Along with this, various statistics showed that the rising need for health care insurance policies is expected to meet up all the corresponding expenditures. And as we understood the statistical data on <a title="health care insurance" href="https://payrup.com/health-insurance" target="_blank" rel="noopener">health care insurance</a>, it's important to brush up on our knowledge on what exactly is health insurance.&nbsp;
Health insurance is basically a type of <a title="insurance" href="https://payrup.com/blogs/digitization-of-life-insurance-plan" target="_blank" rel="noopener">insurance</a> that covers all the medical expenses of the users caused by any unforeseen illness, provided by someone from the various listed companies. This covers hospitalization costs, doctor consultation fees, and the cost of medicines.&nbsp;
In this article, we have discussed 9 Genuine reasons to Buy Health Insurance. So, let's get started!
<h2>Reasons to buy health insurance&nbsp;</h2>
We have discussed the 9 genuine reasons why you should buy health insurance, which are:&nbsp;
<h2>Gain recovery or recuperating benefit</h2>
The <a title="health care insurance benefits" href="https://payrup.com/blogs/technology-introduces-online-insurance-premium-payments" target="_blank" rel="noopener">health care insurance benefits</a> you by covering the supplementary costs that arise because of the hospitalization, like loss of income. The insurance company pays the lump sum amount when the user is admitted for a prolonged period. Many policies even cover the associated costs like the compassionate visits by the family.&nbsp;
<h2>Alternative Treatment</h2>
With the surprising popularity of alternative treatments, many insurance companies started covering the costs of alternative treatments such as homeopathy, Ayurveda, and yoga. However, it is covered only when it takes place in a government hospital or an institution that is recognized by the <a title="Quality Council of India" href="https://www.qcin.org/" target="_blank" rel="noopener">Quality Council of India</a> and the <a title="National Accreditation Board of Health" href="https://nabh.co/" target="_blank" rel="noopener">National Accreditation Board of Health</a>.&nbsp;
<h2>To fight all lifestyle diseases</h2>
Lifestyle diseases usually happen among people who are aged under 45 years. It includes health diseases, respiratory diseases, obesity. These are caused due to sedentary lifestyle, gadget addiction, stress, pollution, unhealthy eating habits and many more. The treatment of lifestyle diseases could be pretty expensive for anyone. And that's where<a title=" health insurance " href="https://en.wikipedia.org/wiki/Health_insurance_in_India" target="_blank" rel="noopener"> </a><a title=" health insurance " href="https://en.wikipedia.org/wiki/Health_insurance_in_India" target="_blank" rel="noopener">health insurance</a> steps in. It covers the regular medical tests that can help you deal with these illnesses.&nbsp;
<h2>Deal with rising healthcare costs</h2>
As there have been large uses of advanced technology, the cost of healthcare treatments has also become very expensive. It includes costs of operation theatre, room rent, doctor's consultation, diagnostic tests, ambulance and many others. That's why health insurance covers all these expenses which becomes a big relief for the user.&nbsp;
<h2>Avail tax benefits</h2>
With the premium paid health insurance plans, section 80D of the <a title="Income Tax Act, 1961" href="https://incometaxindia.gov.in/pages/acts/income-tax-act.aspx" target="_blank" rel="noopener">Income Tax Act, 1961</a>, allows you to avail of tax benefits. People up to 60 years of age can claim the deduction of around Rs. 25,000.&nbsp;
<h2>For the protection of family</h2>
Most healthcare insurances cover the expenses of the family alongside. This helps you in avoiding separate health insurance plans for every member of the family. And you can protect your family from any kind of severe and urgent health issues.&nbsp;
<h2>Minimum financial burden</h2>
In any kind of tragic incident, you need an urgent diagnosis and treatment. And you can never predict such a medical incident, that's why it comes out as a burden on your monthly expenses. That's why health care or medical insurance helps you avail of treatment at renowned hospitals without putting any burden on your income.&nbsp;
<h2>No requirement for medical history</h2>
For complex health conditions which occur before the age of 30, insurance companies do not require any kind of comprehensive details of medical history.&nbsp;
<h2>Minimum claim rejection rates at a young age</h2>
It's always recommended to avail of health insurance policies at a young age. This way you don't have to bear the burden of treatment of any complex ailments.
<h2>How to do Healthcare insurance payments on Payrup?&nbsp;</h2>
There are a few steps that you need to follow to proceed with your Healthcare insurance payment. These are:&nbsp;
<ul>
<li style="font-weight: 400;" aria-level="1">Visit Payrup: Visit the official website of <a title="Payrup" href="https://payrup.com" target="_blank" rel="noopener">Payrup</a> and <a title="login" href="https://payrup.com/login" target="_blank" rel="noopener">login</a> into your account using your account credentials.&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">Open the Healthcare insurance tab: You'll find a Healthcare insurance option that you have to click from the menu bar.&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">Enter the required details: After this, fill in the required details such as the desired insurer, date of birth and policy number.&nbsp;</li>
</ul>
Proceed further: Now, click on 'Proceed to Payment' to move forward with your Healthcare insurance payment.

Most healthcare insurances cover the expenses of the family alongside. This helps you in avoiding separate health insurance plans for every member of family.

9 genuine reasons to buy health insurance

<h2>How to cancel SBI life Insurance policy?</h2>
For any case scenario, like if you are not satisfied with the plan or if it doesn&rsquo;t benefit you enough, and you want to surrender or cancel your <a title="SBI Life Insurance policy" href="https://payrup.com/insurance-premium-payment/sbi-life-insurance" target="_blank" rel="noopener">SBI Life Insurance policy</a>, then, there are certain procedures and steps that you need to go through. But, this too has some time duration within which only, you can cancel your plan otherwise, the refund of the insurance premium payment won&rsquo;t be sanctioned.&nbsp;
SBI Life Insurance policies are very essential for our life. If any step of life, any tragic incident occurs, these help us in the protection and safeguard of our loved ones. SBI Life Insurance policy has dozens of amazing plans for you to opt for but sometimes, customers often cancel or surrender their insurance premium policy because they find a better one or they are not satisfied. And that&rsquo;s the plus point with these policies that if you are not satisfied, you can cancel. However the cancellation step is quite complicated and tricky that&rsquo;s why we have presented this article, where we have described all the details and procedures of the cancellation of the SBI <a title="Life Insurance policy" href="https://en.wikipedia.org/wiki/Life_insurance_in_India" target="_blank" rel="noopener">Life Insurance policy</a>. So, let&rsquo;s get started!&nbsp;
<a href="https://storage.googleapis.com/production-payrup-assets/media/1637566435-3173-document.png" target="_blank" rel="noopener"><img src="https://storage.googleapis.com/production-payrup-assets/media/1637566435-3173-document.png" /></a>
<h2>SBI Life Insurance Policy&nbsp;</h2>
Before we get started with the procedure to surrender or cancel the Life Insurance Policy, let&rsquo;s discuss the plans, offers, types and premium payment prices.&nbsp;
SBI <a title="Insurance" href="https://payrup.com/insurance-premium-payment" target="_blank" rel="noopener">Life Insurance policy</a> is designed in such a way that it could contour every need of an Indian. It provides stability, security and versatility for its customers. And along with the brilliant functioning of the State Bank of India, these policies become more effective.&nbsp;
Speaking on a wider term, SBI Life Insurance policies are categorized into three major parts:
<ul>
<li style="font-weight: 400;" aria-level="1">Individual Plans</li>
<li style="font-weight: 400;" aria-level="1">Group plan</li>
<li style="font-weight: 400;" aria-level="1">Online plan</li>
</ul>
The Life Insurance Policy includes Protection plans, Child plans, Saving plans, Pension plans, ULIP plans and Money Back Income plans.&nbsp;
As you pick up an insurance plan, the next step is to go through the various insurance policy payment offers. When you select the most suitable plan at affordable prices, you need to pay the insurance premium.&nbsp;
And in case, you ever want to surrender your plan, you need to do it within a certainly given time duration otherwise you wouldn&rsquo;t receive the refund of the insurance premium payment.&nbsp;
<a href="https://storage.googleapis.com/production-payrup-assets/media/1637566433-9270-document.png" target="_blank" rel="noopener"><img src="https://storage.googleapis.com/production-payrup-assets/media/1637566433-9270-document.png" /></a>
<h2>Procedure to cancel or surrender SBI Life Insurance policy</h2>
In order to surrender or cancel your SBI Life Insurance policy or make a partial withdrawal from the fund, you need to follow the right procedure, that is:&nbsp;
<h3>How to Cancel policy:&nbsp;</h3>
The first thing that is needed for cancelling the policy is to submit the reasons for policy cancellation/surrender along with the cancellation form in your nearest SBI Life Insurance branch.&nbsp;
In addition, you need to attach some documents as well, these are:&nbsp;
<ul>
<li style="font-weight: 400;" aria-level="1">The original document of the policy you opted for.&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">A cancelled cheque along with the holder's name on it.&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">Policy cancellation form</li>
<li style="font-weight: 400;" aria-level="1">ID proof</li>
<li style="font-weight: 400;" aria-level="1">Updated contact details</li>
<li style="font-weight: 400;" aria-level="1">Copy of passbook/bank statement with pre-printed holder's name and account number (in case bank details are not mentioned on the cancelled cheque).&nbsp;</li>
</ul>
<ul>
<li style="font-weight: 400;" aria-level="1">If SBI Life Insurance payment is paid through an NRE account, attach the <a title="NRE bank statement" href="https://cleartax.in/s/nre-nro-accounts" target="_blank" rel="noopener">NRE bank statement</a> as well.</li>
</ul>
<h3>How to partial withdrawal:&nbsp;</h3>
For making a partial withdrawal from your SBI Life Insurance policy, you need to submit the pay-out form at your nearest SBI Life Insurance branch. And also, attach the following documents with it:&nbsp;
<ul>
<li style="font-weight: 400;" aria-level="1">Original documents of your insurance policy&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">ID Proof</li>
<li style="font-weight: 400;" aria-level="1">CI copy or the submitted YPD for the withdrawal request</li>
<li style="font-weight: 400;" aria-level="1">Updated contact details</li>
<li style="font-weight: 400;" aria-level="1">Cancelled cheque with the holder&rsquo;s name on it.&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">Copy of passbook/bank statement with pre-printed holder's name and account number (in case bank details are not mentioned on the cancelled cheque).&nbsp;</li>
</ul>
<ul>
<li style="font-weight: 400;" aria-level="1">If SBI Life Insurance payment is paid through an NRE account, attach the NRE bank statement as well.&nbsp;</li>
</ul>
<h2>Payrup Life Insurance&nbsp;</h2>
<a title="Payrup" href="https://payrup.com/" target="_blank" rel="noopener">Payrup</a>, is the emerging E-commerce website that provides great online services of recharge prepaid phones, DTH, electricity bills and many more. Along with this, Payrup facilitates some amazing packages of Life Insurance. Payrup provides a smooth hassle-free Life Insurance premium payment.&nbsp;
The customers can easily pay their LIC premium payment from Payrup online. Also, F future Generali India Life Insurance Company Limited, Exide Life Insurance, <a title="ICICI Prudential Life Insurance" href="https://payrup.com/insurance-premium-payment/icici-life-insurance-bill-payment" target="_blank" rel="noopener">ICICI Prudential Life Insurance</a>, HDFC Life Insurance Co. Ltd, <a title="Shriram Life Insurance Co Ltd" href="https://payrup.com/life-insurance-premium-payment/shriram-life-insurance-co-ltd" target="_blank" rel="noopener">Shriram Life Insurance Co Ltd</a>, Reliance Nippon Life Insurance, TATA AIA Life Insurance and many others, are facilities on the plans of Payrup Life Insurance Company. The details on the Payrup Life Insurance Company, you can find on the official website of Payrup. We have discussed some of the detailings like eligibility, death benefit and minimal paying amount, right below:&nbsp;
<h2>Eligibility Criteria for Payrup Life Insurance Company</h2>
On a certain note, there are some eligibility criteria for the plans listed on Payrup. These criteria vary as per the plans. So, to know the eligibility criteria, you need to select the plan and go through the detailing.&nbsp;
<h3>Minimum Eligible premium amount to be paid&nbsp;</h3>
The minimum eligible premium amount that needs to be paid for the Payrup life insurance policy depends entirely on the paying frequency of premium by the customers or the insurer.&nbsp;
<h3>Death benefits covered under the policy</h3>
If under any tragic circumstances, the insurer dies, the death benefit is given to the nominee of the Life Insurance policy, by the insurer. The name and details of the nominee are given by the insurer. And the nominee is the person who is paid after the death of the insurer.
<h2>Conclusion</h2>
It often happens that after selecting the insurance policy, customers find better options or are not satisfied. For those times, there are procedures that you can go through to cancel your Life Insurance policy. We discussed the cancellation or surrender procedure of the SBI Life Insurance policy and the Payrup Life Insurance Company. Stay tuned for more such content!&nbsp;
Read about 9 Genuine Reasons To Buy Health Insurance here
<a title="https://payrup.com/blogs/9-genuine-reasons-to-buy-health-insurance" href="https://payrup.com/blogs/9-genuine-reasons-to-buy-health-insurance" target="_blank" rel="noopener">https://payrup.com/blogs/9-genuine-reasons-to-buy-health-insurance</a>
Final Thoughts&hellip;
Popular bill payment facilities are available on <a title="Payrup" href="https://payrup.com/blogs" target="_blank" rel="noopener">Payrup</a>!
Payrup has a host of facilities that can all be paid online using our platform.
Choose to make payments for&nbsp;<a title="mobile prepaid" href="https://payrup.com/blogs/doing-online-mobile-recharge-with-payrup" target="_blank" rel="noopener">mobile prepaid</a>, <a title="mobile postpaid" href="https://payrup.com/postpaid-recharge/jio-postpaid-mobile-bill-payment" target="_blank" rel="noopener">mobile postpaid</a>, dth,&nbsp;<a title="electricity" href="https://payrup.com/electricity-bill-payment/maharashtra/brihanmumbai-electricity-supply-and-transport-best" target="_blank" rel="noopener">electricity</a>, <a title="landline bills" href="https://payrup.com/blogs/landline-bill-online-payment-with-payrup-payments-made-easy-safe" target="_blank" rel="noopener">landline bills</a>, piped gas, <a title="broadband bills" href="https://payrup.com/blogs/how-to-do-airtel-broadband-recharge-online-on-payrup" target="_blank" rel="noopener">broadband bills</a>, water bills, e-gift cards purchases, cable tv bills, credit card bills, health insurance purchases,&nbsp;<a title="housing society payments" href="https://payrup.com/blogs/pay-your-house-rent-instantly-on-payrup" target="_blank" rel="noopener">housing society payments</a>, life insurance premium purchases, loan repayments, hospital payments, subscriptions, education fees, <a title="fastag payments" href="https://payrup.com/blogs/how-to-check-fastag-balance-recharge-online" target="_blank" rel="noopener">fastag payments</a>, LPG gas bills, municipal services, and municipal taxes&rsquo; payments Payrup&nbsp;has it all covered for our users under one roof.

The Life Insurance Policy includes Protection plans, Child plans, Saving plans, Pension plans, ULIP’s plans and Money Back Income plans. 

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