Are you not satisfied with your health policy? And fearing that all the benefits on the existing policy will be over when it is ported? So you do not need to be afraid. IRDA has allowed this. If a customer is unhappy with his health policy, he can port his policy. This will not eliminate the benefits of your existing policy. With the health policy of the second insurance company, you will continue to get all the old benefits. These will also include advantages like waiting period and no-calm bonus.
Old policy benefits will continue to be received
When you are from one company to another insurance company (Insurance company) In your health policy (Health policy) If you port, the benefits that have been associated with your policy for the last several years will not have any effect on them. Suppose your last policy had a 4 -year waiting period and you have completed a 2 -year waiting period, so your waiting period in the new policy will be only 2 years. After that you will start getting all the benefits.
New insurance company’s condition will be associated with new benefits
But, if you increase the sum-united (insurance amount) in the new policy or add new benefits to the new policy, the insurance company can apply the condition of the waiting period for increased Samadord or new benefits. Therefore, it is necessary to know the terms and conditions related to it properly before getting the health policy port.
Will have to apply at least 45 days in advance
If you want to port the health policy, then the process will have to be started for this at least 45 days before its expiry. However, you cannot start this process before 60 days. It is important to keep in mind that you have to keep your existing policy an act until the insurance company approvates the request of your new health policy. There should be no one day gap between the cover.
Know the important things related to the policy of the new company
You will have to properly understand the premium, coverage, hossiptal network, claim cells and customer service ratings of the new insurance company before porting your policy to another insurance company. Not all policy is equal. If the policy is low in the policy, then its benefits, sub-limits and co-payment percentage can also be reduced.
New proposal form has to be filled
When you transfer your policy to another company, you have to fill the new proposal form. The new company can get your medical check-up. If you already have any health problem, then it is necessary to tell it to the new company. The reason for this is that if the company finds out at the time of claim that the customer has hidden anything related to health, then it can reject the claim.
Process is completed within 15 days
Even after the health policy port, you should keep your old policy records, Renewal notice Claim Records. The rule of IRDAI is that the process of providing the policy port should be completed within 15 days from the date of appointment. It is prudent to have a health policy port, but it is necessary to do this work carefully.