Points To Consider About Health Insurance Portability

Health insurance portability refers to the process where a policyholder switches his health cover from one insurance firm to another. Due to the wide range of health insurance policies available in the market, it has become common nowadays but you will need to keep these things in mind before porting your health cover plan:

You must not skip or avoid paying premiums of the existing policy when you are porting your health cover policy as it will result in the rejection of your application.

The waiting period gets reduced or minimized if you have already served it with your previous health cover policy.

You must convey your intention of porting to the new insurance provider at least 45 days before the policy renewal or else your application might get rejected.

The new insurance provider will process your application after verifying your documents, claim history, and other details within 15 days once you submit your application.

You can subscribe to an individual, group, family floater, critical illness, or any other health coverage plans and receive the following benefits:

Wide range of options

You can get insurance options with coverage ranging from Rs. 2,00,000 to Rs. 50,00,000. This will enable you to switch to an insurance plan that suits your requirements.

Cashless cover

The health insurance policies that include a cashless cover at several hospitals across India can be considered while porting.

Other benefits

Benefits like a bonus for each claim-free year, cover for ayurvedic treatments, the reimbursement of ambulance fees, pre and post-hospitalization benefits, etc. can be expected from a comprehensive health insurance policy.

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