Health Insurance New: If you are also planning to port your health insurance policy to another company, then know some important things in advance. Some rules related to this have also changed. The facility of porting has also come in the insurance policy. Meaning, if you are not completely satisfied with the services of any insurance company, then you can easily port (change) your policy to another company. This process of changing the insurance company is called porting.
After the new changes, we are telling here about the important things related to portability.
Get all the information including premium
When you port your health insurance policy, the new company is free to decide your premium rates. If you are in the high risk category while in port, the new company may charge you a higher premium than the old company. In such a situation, before porting, you should take information about it and you should gather complete information about the plans of not one but three-four insurance companies. After this, port your health insurance policy in the plan with which you are satisfied.
Also read- This share of Adani Group had fallen 25% from the record high, today there was an upper circuit of 10%, know the details
Understand the coverage, limits and sub-limits of the new company
Many people port insurance policies because other companies are offering lower premiums. Understand the coverage, limits and sub-limits of the new company. This will save you hassle while making a claim. Along with this, while changing the policy here, it is very important to keep one more thing in mind that if you are changing your policy by looking at the offer of the new company, then before that compare the offers of other companies with it.
In how many days is the policy ported?
If you wish to port your health insurance plan, you must initiate the process at least 45 days before the renewal of the health insurance plan. You will have to inform your current insurance company regarding porting the policy. You will also have to provide information about the new insurance company. You have to renew the policy without breaking your term, hence there is a grace period of 30 days at the start of the porting process.
When problems arise, the company changes
- poor company service
- less profit in the policy
- insufficient cover
- not digital friendly
- room rent ceiling
- Complicated claim settlement process
- Delay in providing claim cover
- lack of transparency
Tags: free health insurance, Health Insurance, health insurance cover, health insurance premium, health insurance scheme
Read Article in हिन्दी