How To Port Your Health Insurance Policy If Your Insurer Isn't Providing Satisfactory Service

If you don't do a thorough background check about the insurer before buying health insurance, you're likely to bear the brunt later. However, you can port your policy to another company.

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Health Insurance: Health insurance has become almost indispensable in the COVID-19 era. From cities to rural areas, the 'craze' for health insurance is quite evident. In fact, the common man is suffering from the rising costs of treatment and people are trying to secure their families through health insurance.

Did you know that you could port your health insurance policy to another company if your insurer isn't providing satisfactory service? Yes, and the process is very simple. Let us find out how to do it. 

What is porting?

When you aren't 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 should be valid (for starters). You will have to do the porting process at least 45 days before this policy expires. If you fulfill both these conditions, you can proceed with the process. 

Learn 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 this, fill the proposal form for the new policy and the portability form of the old policy. You will have to fill out the information about your old insurance policy. Necessary documents will also have to be attached to it. 

3. If you haven't made any claims yet, you can also apply for a 'No Claim Bonus (NCB) declaration form.' 

4. In case of any claims, you must furnish the history and relevant documents with your application. 

5. When you submit the porting form with your documents, your policy will be verified by the new company, and on being 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 gain complete information about the new insurer. Also, collect all your documents from the old company. Apply for porting only after you understand the complete process. You can also consult an expert before doing this.