Why Health Insurance Policyholders Go for Portability?

Portability is a relatively new facet introduced for health insurance in India. Now, you don’t necessarily have to get your health insurance renewal done with the same health insurance company year after year. New insurers are coming with lucrative deals. So, you can compare health insurance companies in India and select the provider of best policies on your health insurance renewal. The portability feature of health insurance in India essentially allows mediclaim policyholders switch from one health insurance company to another. You can retain all your accrued benefits even if you decide to change health insurance company.

There are many reasons why policyholders choose to port their health insurance policy. Mediclaim policyholders change insurers if they find a health insurance company with better deals. Sometimes, inefficient services by existing providers force policyholders look for a new health insurance company in India. Ever since its introduction, portability has proved to be beneficial for policyholders. Here are the advantages of porting of health insurance in India.

You can port your health insurance policy in India to another health insurance company for free.

Both individual mediclaim policy and family floater policies are eligible for health insurance portability.

All benefits earned by medical insurance policyholder regarding waiting period and NCB are retained when they port the mediclaim policy to new health insurance companies.