Everyone knows how much it costs to get treatment in a private hospital. To avoid these expenses, non-government employees take health insurance policies. Know if you can switch to another company?

Nowadays, a huge amount has to be paid to get treatment in a private hospital. This is the reason why most non-government employees take health insurance policies from private companies. But sometimes it happens that a new company comes up with a health insurance scheme with a good offer. Now the question is how can users switch to a new policy in this situation. Today we will tell you about it.

Health Insurance Policy

Health insurance policy is most important for non-government employees. Because without an insurance policy, employees may have to pay a huge amount in the hospital for treatment. But sometimes it happens that the other company provides better facilities at a lower rate than the policy of the company the users are running. Due to this users have to make a plan to switch the policy. Now the question is how can the policy be switched in that situation.

How can you port?

Now the question is how can any user switch the insurance policy. Let us tell you that you can port the existing health insurance policy to change it. Porting means that you can transfer your coverage to another insurance company. But for this, the existing insurance company has to be informed at least 45 days before the renewal date. The portability form and proposal form have to be filled out and submitted to the new insurance company. After this, the new insurance company will get the plan information from the IRDA website or the existing insurance company. After checking the details of the application, benefits can be availed under the new policy.

What is the charge for porting?

Let us tell you that there is no charge for porting. For this, you just have to submit all the forms related to it to the new company. The waiting period in the existing policy is also applicable to the new policy. With porting, the user starts getting all the facilities of the new company and also gets the benefit of a waiting period and zero claims in the previous policy. With this, the company can also increase the user's insurance claim limit. The direct benefit of this goes to the insurance consumer.

Disclaimer: This content has been sourced and edited from abplive. While we have made modifications for clarity and presentation.