April 27, 2023
Post-Covid, many individuals are porting their health insurance policies as they prefer insurers that offer innovative products, have a wide network of hospitals, and have an established track record of settling claims faster. However, before porting a policyholder must assess the pros and cons and keep in mind that the new insurer can reject the request for porting for various reasons.
For porting, you have to apply to the new insurer at least 45 days before the renewal date of the existing policy. You can transfer the credit gained by the pre-existing conditions, if the previous policy has been maintained without any break. If the premium due on a given policy is not paid on or before the premium date or within 30 days, it will be considered as a break in policy.
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