Health Insurance Policy: The right to transfer a health insurance policy from one insurance company to another is an important benefit provided by the Insurance Regulatory and Development Authority of India. This is called health insurance porting. This transfer can be done without losing your existing benefits. It helps individuals make decisions as their health needs and financial priorities change and avoid any loss by switching insurers.

When to port a policy? How to do it? Health insurance porting is not an automatic process. The process should be initiated at least 45 days before the renewal date of your current plan. So, if your policy is due for renewal in July, now is the right time to start the process.

How to Change Your Health Insurance Policy?

Start by comparing plans from other insurers. Room rent coverage and enhanced benefits for pre-existing conditions like diabetes can all be tailored to your needs.
Once you have found a suitable plan, you will need to fill out a portability request form and a new proposal form with the insurance company you are switching to. It is important to disclose all information accurately at this stage, including any health conditions like diabetes and any previous claims made under your current policy. Missing or incorrect information may result in your application being rejected or future claims being denied.

The new insurer may review your application and request medical tests. Based on their assessment, the application may be accepted, rejected, or approved with some modifications. If the application is approved, the existing waiting periods and continuity benefits can be transferred to your new policy.

Porting allows policyholders to change their insurance coverage without losing the benefits they have already acquired. This is very beneficial for those who are dissatisfied with their current plan and want more comprehensive healthcare coverage.

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