Not Happy With The Services Of Your Health Insurer? Know How You Can Port Your Policy

Not Happy With The Services Of Your Health Insurer? Know How You Can Port Your Policy

In the last one decade, businesses have become much more customer oriented as they are leaving no stone unturned in meeting every specific needs and requirement of the customers. Talk about your DTH operator, mobile network carrier or car insurer, you don’t have to be attached to unsatisfactory services for your life. With various guidelines offered by the regulatory bodies, you can easily port your mobile connection or DTH operator to another service provider within a few easy steps. Thankfully, you can now even choose to switch your health policy in case you are not happy with the services and features of your current health insurer.
Need for Porting of Health Insurance Policy
Some of the common reasons why people feel the need for porting their health insurance cover include expensive policies, capping on room rent, limited coverage and extended delays in claim settlement. Better features in terms of services offered by different insurers are also some popular reasons for porting of health policies. The various features that traditional health policies lacked include OPD Cover, Automatic Restoration Cover, Hospital Cash, etc.
Portability in health insurance cover is allowed by IRDAI in all health insurance related products i.e. individual and floater covers. However, you are just allowed to shift the insurer between the two similar policy types. For example, if you have an individual health cover of Rs. 10 Lakh sum insured and you can wish to switch your insurer, you can do the same provided you switch to an individual health cover only. You cannot choose to change the policy type to a disease-specific cover or a critical illness cover. One important thing that one must remember while planning to port a health insurance cover is that porting is only permitted during the policy renewal. Though, some insurers even allow porting of the health insurance till the expiry date of the policy.

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