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Home | How to Port Health Insurance

Portability of Health Insurance

When you change your health insurance policy from one insurance company to another, you don’t have to lose the benefits you have accumulated.You can port your mediclaim policy from one insurer to another. That's the good news. The bad news is, many are not able to. Let's find out how to do it.

Rights

You can port your policy from and to any general insurance company or specialised health insurance    company
You can port any individual/ family policies
Your new insurer has to give you the credit relating to waiting period for pre-existing conditions that you     have gained with the old insurer
Your new insurer has to insure you at least up to the sum insured under the old policy
The two insurers should complete the porting as per the timelines prescribed in the IRDA (Protection of     Policyholders’
Interests) Regulations and guidelines

Conditions

You can port the policy only at the juncture of renewal. That is, the new insurance period will be with      the new insurance company
Apart from the waiting period credit, all other terms of the new policy including the premium are at the    discretion of the new insurance company
At least 45 days before your renewal is due you have to
Write to your old insurance company requesting a shift
Specify company to which you want to shift the policy
Renew your policy without a break (there is a 30 day grace period if porting is under process)

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