Now you can Transfer Health Insurance Policy without losing your ‘good’ Record
The guidelines focused on protecting the consumer and allowed for the change your health insurance policy from one insurance company to another whilst maintaining benefits you have accumulated.
Feb 10, 2016 10:02 IST India Infoline News Service

- The new insurer transfers the customer and all the benefits accumulated and relating to the waiting period for pre-existing conditions gained with the former insurance.
- The new insurer has to insure you up at least the sum insured under the old policy.
- Porting should be indiscriminate of the insurance company, whether from a general insurer to a specialized one and vice versa.
- You can port any individual/ family policies
- Further to these rights guaranteed through the regulations and subsequent circular to insurance companies, the IRDA issued a set of conditions to be met by the insured when porting
- You can port the policy only when it is due for renewal making your application to port at least 45 days prior to the due date of your renewal.
- The new insurance company is at liberty to set any other condition for porting save for the save for the waiting period credit