What will happen if my policy lapses when I am hospitalized

If your health insurance policy lapses while you’re hospitalised due to a medical emergency, you don’t have to panic. Most insurers have processes in place to cover this scenario. Let’s understand what happens when your policy lapses while you’re hospitalised.

Scenario #1: If you’re hospitalised just before the expiry date of your health plan, make sure to notify your insurance company regarding the situation. Since you have been hospitalised before the policy expires, the insurance company will pay for your treatment, as per the coverage offered by your plan.

Scenario #2: Let’s say, your policy has expired and you are hospitalised during the grace period. Most insurers offer a grace period of 30 to 45 days from the date of policy expiry to allow policyholders to renew the plan. Renewing the plan before the end of the grace period will help you continue enjoying the benefits of the plan without any break. Since, you’re hospitalised during the grace period, make sure to inform the insurance company of the same. Usually, the company pays the coverage, as per the plan’s terms and conditions.

As you can see, the insurer generally pays the coverage, if your policy lapses during hospitalisation. Renewing a policy is quite easy. Even if you’re hospitalised, you can ask any of your family members to renew it online for you, so that you continue enjoying the coverage offered by the plan.