Health Insurance Transfer Checklist While porting health insurance, you should compare some points like Room rent co-pay, pre-existing diseases and waiting periods etc. so that you can choose a better and better option.
In today’s time, it has become very easy to port your health insurance policy from one company to another. If you want, you can change the company every year after the policy expires, but you need to keep some things in mind while changing your health insurance company.
We are going to tell you about all those points in our report, which you must see before porting your policy.
While porting our health insurance to another plan or company , we should compare the features available in our old plan and the new plan. You should choose the plan according to your need. You should compare features like room rent, co-pay, pre-existing diseases, waiting periods etc before choosing a plan.
You must know the type of health insurance policy while porting it. For example, if you are taking a policy only for yourself, then Individual policy is right for you. On the other hand, if the policy is being taken for the family, then the floater policy is fine.
Whenever switching to another company, always keep in mind that there is a waiting period in the new policy. It is mostly seen that if it has been more than two years since you have taken health insurance, then no health insurance company gives you a waiting period.
Documents required for porting
You need to inform your previous health insurance company before the renewal date of the policy. Also, you will have to take a renewal notice from the company, which will contain the sum assured, the names of the members covered in the policy and the information related to the claim.