Health Insurance Portability: Switch Insurers Hassle-Free

Most people are familiar with the word ‘portability’ with respect to switching from one telecommunication service provider to another. However, very few know that a health insurance policy also offers the advantages of portability. There could be numerous reasons one would want to change the insurance company and waiting till the expiry date of the policy may seem like the ultimate option. But with portability in health insurance, the policyholder can port their policy to a different insurer while keeping the benefits intact. Let’s see how this can be done.

Health insurance portability, is an option through which a policyholder can change the current insurance company and avail better services or possibly better health insurance policy from another insurance company.

A portable health insurance policy offers the flexibility of not remaining bound to the insurer from whom you initially bought the policy. You may be looking for better coverage, prices, or services. And if you find another health insurance company that offers you these things then you can make a switch through portability.

The process of porting a health insurance policy can differ slightly based on the terms and conditions of the insurance company. You need to get in touch with your current and previous insurer to understand the exact set of documents required for the purpose of porting the policy. You may be asked to submit the following documents to initiate the process.

The following are some of the things you can transfer while porting your health insurance.

Yes, it is possible to port your existing health insurance policy to a new insurance company. You need to follow the process given in this section for the purpose of porting the policy.

Switching to a new health insurance company has its own set of advantages and disadvantages. We will discuss both in this section. You can read through them and then decide whether you want to make a switch to a new insurer or renew the existing health insurance policy at your current insurance company.

Mediclaim policy is nothing but a health insurance policy that offers financial aid in times of a medical emergency. Thus, mediclaim portability refers to changing your current mediclaim insurance company to a new one if you are not happy with the provided services or coverage.

There could be a few reasons why one's health insurance portability gets rejected. Let's take a look at these reasons and understand what a policyholder can do in such cases.

Also, read: How To Renew Expired Health Insurance Policy Online?

Here are some common why people might choose to port their health insurance.

Porting from group health insurance to individual cover refers to the process of switching from a health insurance policy that is provided by an employer or group to an individual health insurance policy. This change can occur due to various reasons such as leaving a job or retiring, and requires careful consideration of the benefits and drawbacks of both types of coverage.

Disclaimer: *Except for exclusions like maternity benefits, undisclosed diseases, etc. Please check policy wordings for more details. The content on this page is generic and shared only for informational and explanatory purposes. It is based on industry experience and several secondary sources on the internet; and is subject to changes. Please go through the applicable policy wordings for updated ACKO-centric content and before making any insurance-related decisions.