How to Renew Watania Takaful Health Insurance Online?

The above plans and premiums are for AED 1,000,000 Sum insured for 1 Adult of 30 Years for Dubai city.

One of the pioneers in UAE’s insurance sector, Watania Takaful was established in 2008. The insurance provider follows the lines of Shariah law and offers an extensive range of medical, car, personal accident, travel, marine, and home insurance in the UAE. What makes it worth securing an insurance plan from the insurance provider is the scope of customisation it offers and the quick and easy claiming process and efficient services.

Watania Takaful offers an extensive range of health insurance solutions tailored to different individuals' various needs and budgets. With a specific focus on family protection, these policies provide coverage for hospitalisation (including surgery), emergency treatment, outpatient care, physician consultations (including specialist consultations), and dental care, like orthodontics and maternity.

If you already possess a Watania Takaful health insurance policy, you should timely renew it to continue enjoying the medical coverage. To know how to renew your Watania Takaful health insurance online, read the following section.

How to Renew Watania Takaful Health Insurance Online?

To avail of uninterrupted health insurance coverage and accrued benefits, it is essential to renew your Watania Takaful health insurance on time. If you purchased your Watania Takaful health insurance through Policybazaar.ae, you can renew it from its official website. Policybazar offers regular reminders for policy renewal once you enter the grace period, helping you to prevent a policy lapse. To renew your Watania Takaful health insurance plan online via Policybazaar, follow the below-stated steps -

Log in to your Policybazaar user account.
On the user dashboard, you would be able to spot all your existing policies. Here, you can also find a reminder or notification about renewing your Watania Takaful health insurance plan.
Fill in the renewal form to initiate the process. Mention all the existing and new medical conditions you have developed in the current policy tenure.
Once you have submitted the form, you will be navigated to the Quotes Page where you will find an array of health insurance plans from the leading providers including Watania Takaful .
Here, you can either choose to continue with the existing plan or opt for a new one. If you are content with the benefits offered in your existing Watania Takaful health insurance policy, you can apply for the same plan and make the payment.
In case you want to switch your policy provider, you have the leverage to compare the features of the plans available on the Quotes Page. Once you have made the decision, click on the Premium amount tab. You will be directed to a form where you would need to mention your current medical condition. Here, you can also opt for riders if required to make your insurance plan more comprehensive.
Once you have filled in the form, make the payment to conclude the process.

What Happens When You Do Not Renew Your Watania Takaful Health Insurance On Time?

There can be several consequences of not renewing your Watania Takaful health insurance on time including loss of all the accrued benefits like no-claim bonus benefit or waiting period benefit. Furthermore, you would need to purchase a new policy from scratch in case your existing policy lapses. Some of the effects of not renewing your Watania Takaful health insurance on time are discussed below -

Loss of Uninterrupted Coverage - If you fail to renew your health insurance plan on time, your policy will lapse. This implies you will not be financially covered in case a medical emergency occurs. To get health coverage, you would need to purchase a new health insurance plan.
Go Through Waiting Period Again - When you purchase a new health insurance plan, you would need to go through the waiting period again as the cumulative waiting period benefits expire when your existing policy lapses. This implies to cover pre-existing medical conditions and maternity costs, you would need to complete the mandatory waiting period again,.
Increased Premium Rates - In case you do not renew your health insurance policy within the grace period, you would need to buy a new plan. This means that your premium will be estimated from the scratch. All the factors like your pre-existing medical conditions and new diagnosis will be taken into account when calculating your premium. This will result in an increase in premium rates.
Go through Mandatory Medical Checkups - Another result of not renewing your Watania Takaful health insurance plan is that you would need to go through the mandatory health check-up again when you purchase a new policy. This will delay the purchasing process. So if an emergency arises, you will have to incur the expenses out of your pocket.

What Does an Insurance Continuity Certificate Do?

If you are considering changing jobs in the UAE, you must hand over your current insurance cards to the old company. The old company's insurance provider offers this certificate for free. Before the the new company provides you with insurance coverage, it needs proof that you have adequate coverage from the previous insurance. The Certificate of Continuity is that proof. It is valid for 30 days from the date when it is issued.

Why is an Insurance Continuity Certificate Important?

An insurance continuity certificate ensures that coverage remains continuous throughout one's working life, even when one changes jobs or organisations. It enables employers to ensure no gaps in one's insurance coverage. Also, one can negotiate better rates from the insurance provider if there are no gaps in the policy. It can save you money.

Things to Consider When Renewing Your Watania Takaful Health Insurance

As a policyholder, it is your responsibility to renew your health insurance plan on time to enjoy uninterrupted policy coverage. However, make sure to take the following things into consideration while renewing your Watania Takakful health insurance -

Evaluate Your Current Policy - Before renewing your health insurance plan, become aware of the coverage you are currently getting. This will help you analyse if you need a new health insurance plan or if it is better to continue with existing policy.
Analyse Your Current Circumstances - Before renewing your health insurance plan evaluate your current financial and medical circumstances. This helps in determining the scope of coverage you would need in your renewed policy. For instance, if you have been diagnosed with a medical condition in your existing policy, the chances are you would need more medical coverage in your renewed policy. An evaluation like this will help you make relevant updates in your policy.
Consider Porting Your Insurance Plan - If you are not contentn with features and benefits of your current health insurance policy, you can renew you policy with a different health insurance provider. On policybazaar.ae, you get the chance to compare plans from different providers at the time of renewal. Porting the insurance plan means that you can transfer your existing health insurance plan to a different insurance provider while keeping the continuity benefits intact.
Opt for Riders - When reviewing your current health insurance plan, evaluate if you need a new add-on to make the policy more comprehensive. You can include the riders at the time of policy renewals to make your policy more comprehensive.
Declare All Your Medical Conditions - Because a health insurance plan is an annual contract, it should be updated regularly. Thus, at the time of renewal, you should declare all the recent diagnosis to improve your insurance coverage.
Renew Your Plan within the Grace Period - Rather than waiting for your policy to lapse, it is advised to renew your plan within the grace period of 15 days. This will allow you avail of the continuity benefits available with the plan.

Conclusion

As a policyholder, it is essential to renew your Watania Takaful health insurance plan on time to enjoy continuous medical coverage. The online process of renewing your health insurance plan is cost-effective and requires minimal paperwork. If you have bought your Watania Takaful health insurance from Policybazaar, you can renew it from the TPA itself. Here, you will have the option to continue with the same plan or to port the plan.

To know more about how to renew your Watania Takaful health insurance online, read the following FAQ section.

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Frequently Asked Questions

You should renew your health insurance plan within the 15 days grace period.

You should renew your health insurance plan every year to enjoy its continuity benefits.

You can renew a lapsed health insurance plan. However, you will not be able to avail the benefits of the no-claim bonus when paying the premium, thus increasing the premium rate.

If you file a claim once your policy expires, it will get rejected as the policy becomes inactive.

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