Not happy with your current Health Insurance online or offline provider? Well, you can always switch
between Health Insurance companies?
Yes, with the option of Health Insurance
online portability introduced in India in the year 2011, you can easily
port from your current provider of health
Insurance policies to another one you intend to choose. Although it is like
a breakthrough to the world of medical Insurance,
there are certain intricacies associated with the same. However, it is no
Herculean task. With a little bit of time and effort to compare health insurance and Health
Insurance companies, you can easily find the Best health Insurance in India to port to.
Before you compare health
insurance in order to switch to one of the Health insurance companies in India, you need to learn some
important aspects about portability. Take a look –
Porting between Health
insurance companies in India - Applicability
- Both your old as well as new Health Insurance companies operate via the website of the IRDAI (Insurance Regulatory and Development Authority of India) on the cases of portability. Are all Insurance online or offline policies applicable to port? You might be thinking of the same. No, not all Insurance online or offline plans can be ported.
- Portability is applicable only to general and non-life insurance products and companies. As far as health Insurance policies are concerned, portability is applicable to both family floater and individual Insurance online or offline policies. Also, group health protection plans can be ported to single or individual plans.
Porting between Health
insurance companies in India – Processing
- After you select the Best health Insurance in India you want to port to, it is always a good idea to initiate the process of Insurance online or offline portability 45 days prior to your policy renewal date. It fastens the rest of the process.
- It is highly recommended to perform online Insurance comparison before selecting any particular insurer from so many Health Insurance companies operating in India. It guides you to the Best health insurance policy you are looking for.
Switching between Health
Insurance companies - Important considerations
- Some of the providers of the Best health insurance policy do cover pre-existing illnesses. Make sure to check this out before porting. You can easily find out the same if you compare Insurance with several Health Insurance companies, either via Insurance online portals or physically visiting the offices of the best Health Insurance companies to your knowledge.
- While performing online Insurance comparison with Health Insurance companies, make sure to check out if or not the amount of sum insured and accrued bonuses can be transferred to the new insurer.
After you compare Insurance products with certain Health Insurance companies and found out that, the new insurer to intend to choose does not have a slot for the amount of sum insured similar to your old insurance company, you need not to worry. That’s because, in such cases, the next slot will be taken into consideration.
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