Business

Should you go for a multi-year health insurance plan instead of an annual plan?

January 20, 2026

Most individuals are used to renewing their health insurance plan, whether it is an individual or family floater plan, on an annual basis. If, for any reason, the premium is not paid by the renewal date, the cover will lapse. During such a period, if the individual is hospitalised, the insurance company will reject the claim.

A multi-year health insurance plan allows an individual to pay the policy premium for multiple years at one go

Credit: Hindustantimes

Key Highlights

To overcome the annual practice of renewing the health insurance plan every year, these days, insurance companies offer multi-year health insurance plans.
In this article, we will understand what is a multi-year health insurance plan, its benefits, and whether you should go for it.

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Should you go for a multi-year health insurance plan instead of an annual plan?

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Should you go for a multi-year health insurance plan instead of an annual plan?

Key Highlights

Sources

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