The renewal reminder template is designed to remind customers about their nearing subscription termination or contract expiration. It encourages customers to renew their existing contracts to maintain access to the company's services or products.

This template can be efficiently used by businesses that operate on a subscription model, including digital services such as streaming platforms, online courses, and premium memberships. Also, companies with contract-based services such as insurance or utility providers can utilize this template.

Summarizing, the renewal reminder email template serves as a proactive strategy for businesses to prevent customer turnover, maintain revenue consistency and improve customer satisfaction by making renewal processes smooth and easy.