(something) is coming up for (something)

"It's up for renewal" means that it's time to be renewed. The subscription period has ended, so now you have to renew it.

Some other examples of "up for ___" are:

She's up for re-election this year.

My car is up for inspection.

"Coming up for ___" means that it will have to be done soon.

This phrase appears in these lessons: