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What Happens If I Don't Pay My Health Insurance Premium?

Delve into the implications of not paying your health insurance premium and uncover the potential consequences that might affect your coverage.

  • 18 Jan 2024
  • 3 min read

It's common to find oneself unable to cover all monthly expenses after some emergency. Sometimes even I have caught myself thinking, "What if I don’t pay my health insurance premium?" The solution to this frequently asked question is not as simple as you might think. 

Impact of Not Paying Health Insurance Premium


Let’s see what happens if you don’t pay health insurance premium and how it might affect you.


  • Grace Period: Typically, you get a 7 to 15 day grace period to pay any missed premiums to avoid policy lapse.


  • Policy Lapse Risk: If you fail to pay the insurance premium on time, you will no longer have the coverage provided by the policy. 


  • Loss of completed waiting period: If you don’t pay the premium timely, you stand the risk of losing the completed waiting period to cover pre-exisiting disease (if any). 


  • Coverage Loss: The insurance provider will no longer cover your medical expenses.

Policy Revival Conditions: Proof of insurability, showing you are in good health, or a medical examination may be required if it is sometime after the policy lapsed.

Also read:


Now that you know what happens if you don’t pay your insurance premium, make sure to prioritise timely payments to safeguard your coverage and financial security.

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