4 Important Things to Know About Health Insurance Portability.


 

The IRDAI (Insurance and Regulatory Development Authority of India) introduced the concept of health insurance portability back in 2011. Since then, policyholders have the right to port their health insurance policies to a new insurance provider if they are not satisfied with their current one. Switching between insurers would be an ideal option if you feel that your current insurer does not provide you with sufficient coverage or is not able to provide good customer service. Read on to know 4 important things about health insurance for family portability. 


1. Benefits continuity 

Some people might think that opting for a new insurer would mean suffering a new waiting period for pre-existing diseases. However, IRDAI mas made sure that this is not the case. When you shift your policy to a new health insurance provider, the benefit you have gained on the current waiting period will be passed on.  

Other benefits you may have accumulated such as a no-claim bonus or free medical check-ups will also be transferred to the new health insurance policy. 

It is to be noted that the waiting period credit is transferred even when the policyholder switches from one plan to another within the same health insurance company. 


Original Content :- 4 Important Things to Know About Health Insurance Portability.



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