Portability Q&A
Questions and Answer about waiting period, Pre-existing disease, previous bonus Sum insured etc. in health insurance portability
11/17/20241 min read
What is health insurance portability?
Health insurance portability allows you to switch from one health insurance plan to another without losing the benefits you have accumulated, such as the waiting period for pre-existing conditions.
When can you port your health insurance policy?
You can port your policy only at the time of renewal. You need to inform your current insurer at least 45 days before the renewal date.
What benefits are retained during portability?
The new insurer must give you credit for the waiting period for pre-existing conditions that you have already served with your old insurer. Additionally, the sum insured under the old policy must be maintained.
What are the conditions for porting a policy?
The policy must be renewed without a break.
The new insurer has the discretion to set the terms of the new policy, including the premium.
Why might you consider porting your health insurance policy?
Dissatisfaction with the current insurer or plan.
Finding a more comprehensive or cost-effective plan.
Seeking a plan with fewer coverage restrictions or a simpler claim settlement process.
What is the process for porting a health insurance policy?
Write to your current insurer requesting a shift.
Specify the new insurer.
Ensure the policy is renewed without a break.
