Suggested
Health Blog
30 May 2021
54 Viewed
Contents
A large segment of people show lethargy in starting a new process due to no or half-knowledge. When we talk about medical insurance portability, everyone knows the benefits are extensive. However, they are still reluctant in initiating the process as they are unaware of where and how to start the process. This article will share with you all the required documents and application procedures for health insurance portability so that you can understand portability more clearly and decide if you wish to opt for it.
Before moving ahead, let us first discover some of the common reasons why people opt for the portability of their medical insurance.
Oftentimes, people do not consider the service quality and get lured into attractive schemes to buy an insurance policy. But when they find the insurer’s poor service quality, they wish to switch for a better service.
A significant reason for people wishing to opt for medical insurance portability is that their current policy does not cover particular health issues that the policyholder wishes to get covered for.
The slow claim settlement process of an insurance company can be exhausting for many individuals. This is one of the prominent reasons people transfer their insurance policy to a new and better insurer.
When your insurer suddenly decides to hike the premium rate of your policy, it may feel unjustified to a whole lot of people. Hence, they opt for medical policy portability in such a scenario.
Not always is there a problem with your current insurer. Sometimes, the competitive insurance market offers better deals at existing rates for which people wish to port their medical insurance policy. Compare health insurance plans to avail the best deal.
The porting process of the health insurance policy may differ minutely from one insurer to another based on their specific terms and conditions. However, the process and documents required are almost similar. So if you wish to go for the mediclaim policy portability procedure, then you must provide your new insurer with the set of below-listed documents.
Mediclaim policy portability procedure is not very complicated and requires fulfillment of a few simple steps. Following are the steps that you need to go through:
No, medical insurance portability can only be availed when your previous policy is expiring or is to be renewed.
Typically, it takes around 30-45 days time period for the completion of the entire portability process.
Now that you know all about the application process of medical insurance portability, you can check your existing policy and see if you really need to switch to a new insurer or not. Bajaj Allianz is one of the best insurance providers in India and has an easy and transparent medical insurance portability process that can be availed effortlessly.
50 Viewed
5 mins read
08 Nov 2024
113 Viewed
5 mins read
07 Nov 2024
341 Viewed
5 mins read
17 Apr 2025
33 Viewed
5 mins read
17 Apr 2025
What makes our insurance unique
With Motor On-The-Spot, Health Direct Click, etc we provide fast claim process , Our sales toll free number:1800-209-0144