Can I transfer my health insurance to another company?

Yes, you can transfer your health insurance to another company without losing its vital benefits, such as no claim bonus and waiting period credits. This entire process is also known as health insurance portability, and it is allowed by the Insurance Regulatory and Development Authority of India (IRDAI).

What Does Health Insurance Portability Mean?

Health insurance portability allows individuals to switch their existing health insurance company to buy a new policy that offers better coverage and benefits.

With this option, the insured does not miss out on the benefits accumulated after renewal during the process of switching to a new health insurance company. All the same, it is also important to know that you can port your health insurance only at the time of policy renewal.

Why Do People Transfer Their Health Insurance?

In order to transfer your policy, you need to put forward a request within 45 days of the policy renewal date. However, people transfer their health insurance due to several reasons. Some of them are:

• They get good premiums and coverage benefits somewhere else.


• Your current insurer may not have certain benefits.


• Those who experience poor customer service


• Getting a smooth claim process experience with different insurers


• Another insurer may have a wide network of hospitals in the customer's city.


• Some additional benefits, such as wellness programs, OPD cover, or unlimited restoration, are missing with the current insurer.

How can I transfer my health insurance policy online?

You can transfer (port) your health insurance policy by following some simple steps:

1. Visit the official website of the new insurer.


2. Here, click on the “Health Insurance Portability” option that is available at the bottom of the page.


3. Select the “Online” option.


4. Now, select the plan you want to port to.


5. Fill out the porting form and proposal form.


6. Enter all personal details (name, number, existing policy details).


7. Submit all the required documents.


8. Remember to submit the application during the renewal period.


9. Pay the premium only after your portability request is accepted.

Does Porting a Health Insurance Plan Make Any Difference?

Yes, porting a health insurance can offer several benefits to you and your family, such as:

You can enjoy better coverage somewhere else.

Individuals can receive the benefits of continuous coverage.

The cost of the premium may be reduced, which eventually saves your money.

You may get excellent customer service and smooth claim help.

To Sum Up

Transferring your health insurance from one company to another can be beneficial and a wise decision if you are not happy with the current insurer's services.