Is there troubled by Health Insurance Company? Now also port the policy like a mobile number, there will be no loss

We all buy our health insurance policy as a long -term companion. But many times, it seems to be burdened. Poor service, growing premium every year, or innovation that occur at the time of claim … reasons can be many when we think we wish we could change our insurance company!

Most people are afraid to do so because they feel that going to the new company will eliminate the benefits (such as the cover of chronic diseases) for their years and they will have to start everything with zero.

But if we tell you that you change your mobile number without changing the telecom company, in the same way you can also ‘port’ your health insurance policy from one company to another, that too lose your old benefits without!

Why is the need to port the policy?

You can think of changing your insurance company for these reasons:

• Increasing premium: Your current company is increasing a lot of premium every year.
• Poor service: The company’s customer care does not listen to you.
• Slow Claim Settlement: It takes months to get claim money.
• Search for better cover: Another company is providing better facilities and cover in the same premium.
• Small Network of Hospitals: Good hospitals near your home are not included in your insurance company network.

What is the biggest ‘magic’ to port? (It is very important to know this)

Your biggest and magical advantage of doing policy port ‘Waiting period’ Transfer of

• What is this? Whenever you take a new health policy, the cover of pre-existing diseases (eg sugar, BP) does not start immediately. For this, there is a ‘waiting time of 2 to 4 years’ i.e. waiting period.
• Benefits of Port: Suppose, your old policy had a 4 -year waiting period and you have been running it for 3 years. Now when you port to the new company, you will not have to wait for 4 years again! Just left to you 1 year waiting period Will have to complete only. Your old 3 years will be counted.

Also, you get No-Claim Bonus (NCB) It is also often transferred to a new policy.

How to port your policy? (Step-by-step guide)

This process is very easy, just to do at the right time.

1. Prepare 45 days in advance: This is the most important rule. You will have to finish your existing policy At least 45 days ago The new company has to be informed to port.
2. Choose new company: Choose the new company where you want to go by researching well.
3. Fill the form: You have to fill a proposal form and a portability form of the new company, in which you will have to give information about your old policy.
4. The company will do the rest: Next, your new insurance company will contact your old company itself and ask for all your records (such as your claim history and medical records).
5. Submit premium: When the new company accepts your application, you just have to submit the premium and your policy is ported.

Take special care of these things:

• Application can also be rejected: The new company can also reject your application based on your age, health and claim history.
• The premium can change: The premium of the new company may be more or less according to your age and the rules of their policy.
• Do not let the policy break: Complete this entire process before the end of your old policy, otherwise all your benefits will be over.

Now health insurance is not a bond, but a facility, where you have full right to choose better service.