Claim Assistance
Get In Touch

Sales :1800-209-0144 Service Chat :+91 75072 45858

Health Insurance Portability

Invest in your health and stay protected

Comprehensive Health Insurance Plans
Port Health Insurance Policy

Health insurance portability for you

Please enter name
/health-insurance-plans/individual-health-insurance-plans/buy-online.html Get a Quote
Retrieve Quote
Please enter valid quote reference ID
Submit

What’s in it for you?

Cashless treatment at
6500 + network hospitals

In-house health
administration team

Cashless Response Time
within 60 minutes

What is Health Insurance Portability?

To understand the concept of Health Insurance Portability we need to know what the word portable means. Portable is used for things that can be moved or carried easily. Insurance Portability here refers to the right that is accorded to the policyholder (including family cover).

This option can be used by the insured person to switch to a new insurance company from the current company. What prompts a person would change their insurance company? Several reasons account for the shift of insurance providers, including better offerings from a different insurance company.

Therefore, any person is given the right at the time of buying any insurance to make it easier for the buyer to avail better options offered by several companies. There are a bunch of Insurance companies available in the market, hence health insurance portability can be the best trump card for you.

<

← Swipe/Scroll →

>

Why Port Health Insurance Policy to Bajaj Allianz?

A health insurance policy acts as an investment that looks after your financial expenses in critical situations like medical emergencies. But when there are a bunch of insurance companies in the market, the buyer tends to wander which one to choose. Bajaj Allianz offers health Insurance Policies with underlisted benefits and coverage plans.

Benefits of Buying Health Insurance Policies from Bajaj Allianz

  • Bajaj Allianz has a collaboration with more than 6,000 hospitals and offers you a cashless health insurance claim facility.
  • There is a 24/7 assistance over-the-phone for claims settlement service available.
  • An in-house Health Administration Team (HAT) makes for faster and more efficient claim settlement.
  • There is a Health CDC benefit through which the policyholder is allowed to register a claim through their app-insurance Wallet.
  • The customers are offered a 10% cumulative bonus benefit for each claim-free year up to 100%.
  • The Daily Cash benefit is given to accompany an insured child.
  • The policy by Bajaj Allianz covers the expenses of an organ donor up to the insured sum amount.
  • The process to buy and renew a health insurance policy works online, which saves a lot of time while removing the hurdles of complex paperwork.
  • It provides a coverage benefit for complex procedures such as Bariatric Surgery.
  • The Insurers can get effective and quick resolution of their queries by Health insurance experts.
  • There is also provided a tax exemption benefit up to INR 100,000 with deductions under section 80D of the Income Tax Act. 

Coverage offered by Bajaj Allianz

  • Bajaj Allianz provides its customers coverage for pre and post hospitalization charges.
  • There is a coverage plan offered for maternity and newborn baby’s expenses.
  • It also provides coverage for in-hospital expenses, room rent and boarding expenses.
  • The Health Insurance Policy bought from Bajaj Allianz offers you coverage for alternative treatments such as ayurveda, yoga, and homeopathy.
  • The doctor’s consultation and ambulance charges are also covered in the Health Insurance policy provided by Bajaj Allianz. 

List of Things That You Can Port in Your Health Policy

Whenever you buy a Health Insurance Policy, there are different things that need to be understood clearly. There is a list mentioned below to know about the things that you can port in your Health Insurance Policy.

  1. You can port all your currently insured members.
  2. You can also port the waiting period for specific diseases.
  3. The waiting period of pre existing diseases can also be included in the porting list.
  4. The sum that is currently insured.
  5. If you have opted for your Maternity benefit waiting period, that too can be ported.
  6. Your Accumulated Cumulative Bonus can also be added to this list.

 

Documents Required for Health Insurance Portability

While availing for health insurance portability, submit the following documents to the Insurance company. Below is a list given, mentioning the required documents. 

  1. You will have to submit the previous policy documents. The number of years continuity will be subject to the policies submitted.
  2. A proposal form will also be required.
  3.  You will be asked to submit the details of the previous claim.
  4. Documents to show the age proof.
  5. You will be asked if there are any positive declarations such as investigation, discharge card, reports, latest prescriptions, and the clinical condition.

Steps to Port Health Insurance Policy

Though it is a right accorded to the policyholder to port the existing insurance policy to another insurance company, the process to do the same is a bit complex. Therefore, the portability process offered by Bajaj Allianz has been simplified to streamline your experience and ensure a smooth transition from one insurance company to another. You just need to follow the three-step procedure to port your health insurance policy.

Step 1 : Fill up the portability form with existing insurance details, including the insured person’s name and age.

Step 2 : Fill up the proposal form with complete details for the new insurance company.

Step 3 : Submit the relevant documents.

Health Insurance Portability Rules as per IRDA

The Health Insurance Portability, wherein first place gives you a right to port your existing insurance policy into another insurance company, it has a set of rules that need to be followed.

Though there exists no health insurance portability act as such that governs the switching of insurance companies, rather these rules and regulations are laid by the IRDA. Hence, both the insurance company and the policyholder are supposed to follow these defined rules while porting insurance policies. 

Rights of the Policyholder

●     Type of Policy: The policyholder is supposed to port the insurance policy to only a similar type of policy. There is no possibility of making a drastic change in the coverage or the type of the policy during the portability process.

●     Insurance Company: While making a switch from one insurance company to another, the policyholder needs to understand the difference between the life insurance company and a general insurance company.

The portability of a Health Insurance Policy can only be made if the person chooses a similar type of insurance company. Such explanations come under the duties of the existing and probable insurance company.

●     Response From The Current Insurance Company: The current insurer is allowed to take a period of three days to acknowledge the portability request of the policyholder.

●     Porting Fees: Neither the existing insurer nor the new one can charge a fee for porting a health insurance policy. This is one of the rules laid by the IRDA in the case of health insurance portability.

●     Grace Period: The policyholder is accorded the right to availing an additional grace period when the application of health insurance portability is going under process.

A period of 30 days is given during which the policyholder would have to pay the premium on a pro-rata basis. Therefore, the premium charged will be calculated on the basis of the number of days that the old policy is active.

●     Sum Insured and Extent of Coverage: The policyholder has the right to increase the sum insured and the extent of coverage of the new policy. But this entirely depends on the insurance company and their approval.

Conditions to be Met

●     Gaps: If there are any gaps in the policy renewals, that policy cannot be ported to another company. Gaps in the existing policy is a big red flag for all sorts of insurance companies towards restricting the customer’s access towards their services.

Therefore, there should be no gaps in the renewal of your policy at the time of health insurance portability.

●     Informing the Insurance Company: The policyholder is required to write down to the current insurance company and inform them about the switch. This notification is to be made 45 days before the renewal date of the existing insurance plan.

●     Changes In Premium: The premiums of any health insurance policy are fixed by the insurance company based on multiple factors. While making the switch from your old insurance company you might have to pay an additional premium.

This happens in those cases when the new insurer charges a different amount of premium for the same kind of policy.

●     Waiting Period: The extent of coverage is the factor on which the serving of additional waiting periods depends. In case the policyholder wants to increase the coverage and it gets approved by the insurance company, the waiting period is to be served by the policyholder according to the terms and conditions of the new insurance company.

When Should You Consider Health Insurance Portability?

●     When you are not satisfied with your insurance services: Mr Karan from Delhi wanted to port health insurance policy when he was not happy with the services provided by the existing insurance company. Hence, being at a younger age, he found higher benefits from Bajaj Allianz and decided to go for health insurance portability. Similarly, Mr Vishwas from Mumbai at the age of 58 came to know about the better services that he could avail from Bajaj Allianz, so he went for health policy portability.

●     When you do not get an additional cover: Mrs Lata from Bangalore went for health insurance portability with Bajaj Allianz when she learnt about the higher insured sum provided to the policyholder.

●     When you get better options: It might happen that when you compare two different insurance companies, you find varied benefits from each company. Mrs Anita from Chandigarh decided on health insurance portability with Bajaj Allianz after learning about the age caps for renewal, limits on room rent, and policy premiums.

●     When there occurs an issue in the transparency: Bajaj Allianz ensures transparency of the documents involved in the policy. Mr Kartik from Pune read deeply about the transparency policy of the company and went for health policy portability.

Advantages & Disadvantages of Health Insurance Portability

Whether you buy a gadget or a health insurance policy, everything comes with several advantages and disadvantages. And if you do not read about these pros and cons of health policy portability might lead to regretting it in the long run. Therefore, while thinking of health insurance portability you must be aware of the under-listed advantages and disadvantages. 

Advantages  Disadvantages
Continuity benefit: One of the greatest benefits of health insurance portability is that you don’t need to drop out of any provided benefits. You can enjoy the continuity of benefits. Health insurance portability during renewal: One of the drawbacks with health insurance policy portability is it can only be availed before the policy expiration date. 
Keep no claim bonus: The health insurance portability will let you keep your no claim bonus that reflects in your new insurance policy premium.  Limited plan changes: You cannot make numerous changes in your plan after finalising the plan for health insurance portability. If you want to customise changes in the plan, the premiums and other terms and conditions will also be changed accordingly.
No effect on the waiting period: The waiting period of your policies do not get affected at all when you port health insurance policy. Higher premium for extensive coverage: In case you want a higher coverage as compared to your previous plan, you will have to pay a higher premium after health insurance portability.

When Could Your Health Policy Portability Request Be Denied?

At times the insurer can deny your request for health insurance portability. Therefore you are supposed to consider a few things that are required to port health insurance policy.

●     When you provide incomplete information: You have to be transparent with the new insurance provider at the time of health insurance portability. Withholding information about the insured and the related aspects is ground to rejection. Hence it is advisable to get in touch with the insurer personally and provide the required information.

●     Delay in document submission: It is mentioned that the policyholder is supposed to follow a certain timeline to complete the procedure of health insurance portability. So, you must not make a delay to submit your documents and notify the insurer that you are planning to port health insurance policy.

●     Claim history can also impact the approval: If there is a fraudulent claim history the probability of rejection increases manifold. The insurance company has a right to reject your request for health insurance portability if there is found any fraud or misrepresentation in the information provided. 

Your previous policy has not expired yet?

Set Renewal Reminder

Set Renewal Reminder

Please enter name
+91
Please enter valid mobile number
Please select date

Thank you for your interest. We will send you a reminder when your policy is due for renewal.

Why Bajaj Allianz ?

  • Best services in the industry..
  • In- house fast settlement of claims..
  • Consistent performance of the company for clean underwriting practices.
  • Large spectrum of products like Hospitalisation covers, personal accident's covers , top ups Critical illness ,Hospital cash along with other lines of business.
  • Provides cashless benefit across India.
  • Only company providing e opinion in the market.

Why Health Insurance?

Health is one of the most facet of our life. It has to be protected with outmost care. Our current lifestyles might lead to increase in health-related issues. In that case, it is important to be prepared with health insurance policy.

video_alt

Things to Know Before You Port Health Insurance

A medical emergency can have adverse effects on your body, mind and pocket too. If a person does not have a health insurance policy, his complete savings can deplete in a single go. Hence, a person must buy a proper cover to avail all the benefits of Health insurance policies. Your claim amount can be impacted if you do not consider your needs, lifestyle and coverage while buying the policy. Therefore, you need to consider a few things while you port health insurance to a new company.

Current Policy Expiry date

You cannot port your policy once it expires. Therefore, you have to be careful about the renewal date Read more

Current Policy Expiry date

You cannot port your policy once it expires. Therefore, you have to be careful about the renewal date of your policy as you can only port it at the time of renewal. Moreover, you are supposed to notify the current insurer about the porting 45 days before the renewal date

Be honest to avoid rejections

You must maintain transparency with the new insurance provider. You are supposed to share all your Read more

Be honest to avoid rejections

You must maintain transparency with the new insurance provider. You are supposed to share all your medical history and claim history to avoid rejections from the insurance provider.

Similar plans with varying benefits

You need to remember that similar plans offered by different insurance companies can provide Read more

Similar plans with varying benefits

You need to remember that similar plans offered by different insurance companies can provide you with varying benefits. Hence, you need not assume things, rather be watchful while reading about the benefits.

Limits and Sub-limits

There is a certain cap on the claimable amount on each type of coverage of a health insurance Read more

Limits and Sub-limits

There is a certain cap on the claimable amount on each type of coverage of a health insurance policy. For example, the daily room rent could be capped to Rs. 3500. Hence, you need to check such limits when you port your policy. Before porting the policy, be sure that the limits and sub-limits are justifying for you.

Health Insurance Portability FAQs

What are the benefits of health insurance portability?

There are a few under-listed benefits of health policy portability:

  • You get tailor-made policies for your needs.
  • A better value for the premium you pay.
  • A possibility of getting increased sum insured.
  • Claims-settlements are made hassle-free.
  • You can enjoy the continuation of coverage.
  • No claim bonus can be carried forward.

 

Which health insurance policies can be ported?

You are allowed to port any individual or family policies that are provided by a general insurance company or a specialized health insurance company. 

I want to port my health insurance policy. What's the procedure?

You need to follow these steps to port health insurance policy:

  •  Fill up the portability form with existing insurance details, including the insured person’s name and age.
  •  Fill up the proposal form with complete details for the new insurance company.
  •  Submit the relevant documents.

What happens to my cumulative bonus and waiting period during health insurance portability?

You can carry forward your cumulative bonus and continue the policy benefits with a seamless reduction in the waiting periods. Therefore, your waiting periods and continuity benefits are counted at the time of health insurance portability.

Are there any additional portability charges?

No, there are no portability charges for health insurance portability. Although some insurance companies might delve into such practices, with Bajaj Allianz, you can rest assured that there are no such charges. 

Can I change my Sum Insured while changing the insurance company?

Yes you can change your Sum Insured with the new insurance company, however, acceptance would be based on the preference of the revised insurer. 

Do I need to undergo any medical check-up if I opt for health insurance portability?

It depends on the rules of the policies provided by the new insurer. If in case you are given a time frame for the medical formalities, you are supposed to do that in the given duration. 

When should I apply for portability?

You should apply before 60 days of the renewal date of your health insurance policy. This is because not porting before the expiration date and failure to pay the premium to the existing insurance provider tantamounts to a gap in the policy, which is solid grounds for portability request rejection. 

Do I lose out on anything while porting my health insurance policy?

No, you do not lose out on things like an accumulated cumulative bonus, and the amount of the waiting period that has passed.

Can I port health insurance anytime?

No, you can only port health insurance policy before your current policy expires. Hence, you are supposed to notify the insurer 45 days before the renewal date of your existing health insurance policy.

My health insurance portability request was rejected. What do I do next?

The insurer must have specified the reasons behind the rejection of your request. Therefore, you must work on those to address the gaps in your form submission. You are required to provide the insurer with complete information about yourself and your claim history of the current insurance policy. There should be no delay in the submission of the required documents. 

Is it a good idea to buy health insurance coverage from two different insurance companies?

If you are planning to buy the same coverage plans from different insurers, it would not make a difference. Therefore, you should consider the difference between both the coverage plans provided by the two different insurers and go further with the plans and companies that suit your needs. Buying two varying coverages from different insurers can help you in extreme medical emergencies.

Will there be any loading on the premium in case of any adverse history?

If there is any adverse medical history, then loading may be applied as per the standard guidelines of the product filed with IRDA.

Reasons for rejection of portability requests

  • The complete information might be lacking.
  • There might have been a delay in submitting the documents or there can be a flaw in the submitted documents.
  • Underwriting rejection- due to claims history, medical profiling, the difference in coverage of the previous insurance company and the product chosen by the new insurance company.
  • Another reason for the rejection of health insurance portability requests can be a break-in in the policy renewal.
  • If the age is higher than the criteria.

Instead of porting, can I just change my plan with my current health insurance provider?

Yes, you can, as plan and coverage changes can be made at the time of the renewal of your health insurance policy. You do not need to port health insurance to make these changes. 

Customer Stories

Average Rating:

4.75

(Based on 3,912 reviews & ratings)

VIKRAM ANIL KUMAR

I am truly delighted at the cooperation you have extended to me in facilitating the renewal of my Health Care Supreme Policy.  Thank you very much. 

PRITHBI SINGH MIYAN

Good Claim settlement service even during Lockdown. So that I have sell Bajaj Allianz Health Policy to maximum customer's

AMAGOND VITTAPPA ARAKERI

Excellence service by Bajaj Allianz, hassle free service, friendly site to customers, easy and simple to understand and operate. Thanks to the team for serving customers with all the happiness and pleasure ...

Thank You for Your Interest in Bajaj Allianz Insurance Policy, A Customer Support Executive will call you back shortly to assist you through the Process.

Request Call Back

Please enter name
+91
Please enter valid mobile number
Please select valid option
Please select the checkbox

Disclaimer

I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

Written By: Bajaj Allianz - Updated: 30th April 2021

Disclaimer

I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.

Please enter valid quote reference ID

  • Select
    Please select
  • Please write your comment

Getting In Touch With Us Is Easy

  • Customer Login

    Go
  • Partner Login

    Go
  • Employee Login

    Go