Health Insurance Portability: On taking a health insurance policy, you are now given the facility to convert your insurance into another policy as per your need. Know how you can port your health insurance.
Health Insurance Portability: Nowadays, taking a health policy has become very important for everyone in the changing lifestyle, but often we ignore many things while taking a health policy. We have to bear the brunt of this at the time of policy claim.
If you are also worried about the premium to be paid in your health policy or are facing problems in claiming the policy, then we are going to tell you the easy way to port the health policy. Through health insurance portability, we can easily switch our policy from one company to another. For which you do not even have to pay any charge. In this very easy way, you can switch your health policy to any other company like mobile number.
Do the port while renewing the policy—
Let us tell you that it is not possible to port all types of health policies. You can only port a policy from one general and specialized insurance company to another general and specialized insurance company.
The policyholder can port the Reimbursement Health Plan to another Reimbursement Plan or can port one Top Up Plan to another Top Up Plan. But you cannot port your health policy during the policy term. So keep in mind that when you want to port your policy to another company, you should do this at the time of policy renewal. You can port both family and individual health policies.
What is the process of insurance portability?
- First of all, you have to apply to the new insurance company 45 days before the policy renewal.
- After that a proposal and portability form will be sent to you by the new company. In which you have to fill the details like name, phone number, e-mail etc. of the policy holder.
- After which the new insurance company contacts your existing health policy company.
- If IRDAI If complete information about your policy is not available on the Common Data Sharing Portal of Health Insurance, your health insurance portability can be put on hold.
- If the new insurance company receives the required documents of your policy, then within the next 15 days you are informed about the acceptance or rejection of the health insurance portability request.
Benefits of porting health insurance
If a policy taken in haste no longer suits your needs, then insurance portability gives the policyholder the opportunity to choose a policy according to his changing needs, which gives him good cover and benefits.
