The renewal of an insurance policy brings various benefits:
Insurance renewal helps you stay insured. If you get in an accident just one day after the policy expiry date, the insurance company will not be able to assist you. Such risks can be avoided with insurance renewal.
Insurance renewal helps you to change your insurance provider. You can conveniently change the insurance company and the coverage policies.
If you wish to enhance the coverage of your insurance policy, then you can opt-in for add-on covers or change the existing ones during the renewal process of your policy to match your needs.