health insurance: Health insurance has become almost indispensable in the era of COVID-19. From cities to rural areas, the ‘craze’ for health insurance is quite evident. In fact, the common man is struggling with the rising cost of treatment and people are trying to secure their family through health insurance.
Do you know that you can port your health insurance policy to another company if your insurer is not providing satisfactory service? Yes, and the process is very simple. Let’s learn how to do it.
What is porting?
When you are not happy with the service of your mobile network service provider, you port your number to another company. Similarly, if you are not satisfied with the service of your health insurance company, you can transfer your policy to another insurer. This process is called porting.
What is the first step?
If you want to port your health insurance policy to another company, your policy must be valid (for starters). You have to do the porting process at least 45 days before the expiry of this policy. If you fulfill both these conditions, then you can proceed with the process.
Know the complete process of porting your policy
1. First go to your insurance company and understand the process of porting your health insurance policy.
2. After that fill the proposal form for new policy and portability form of old policy. You have to fill in the details of your old insurance policy. Along with this, necessary documents will also have to be attached.
3. If you have not made any claim yet, you can also apply for ‘No Claim Bonus (NCB) Declaration Form’.
4. In case of any claim, you will need to submit the history and relevant documents along with your application.
5. When you submit the porting form along with your documents, your policy will be verified by the new company, and when satisfied, you will be given a new customer policy.
Keep these things in mind:
If you are going to port your health insurance policy, it is important to get complete information about the new insurer. Also collect all your documents from the old company. Apply for porting only after understanding the whole process. You can also consult an expert before doing this.
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