Statutory right to transfer health insurance to a new insurer without losing waiting period credits.
Portability is a statutory right under IRDAI regulations allowing health policyholders to transfer their policy to another insurer without losing accumulated waiting period credits, No Claim Bonus benefits, or pre-existing disease coverage tenure.
Sunil has completed 3 years in Policy A. Unsatisfied with service, he ports to Policy B at renewal. His 3-year pre-existing disease waiting period credit is fully transferred to Policy B, giving him immediate PED coverage!
Porting preserves past credit; buying a fresh new policy resets waiting periods back to zero.
Many policyholders misunderstand this clause until a claim actually occurs. Always verify the exact definitions in your policy wording schedule rather than relying on verbal marketing summaries. Disclose all material facts truthfully at the time of proposal to help ensure smooth claim assessment without non-disclosure issues.
Portability applications must be submitted at least 45 days prior to your policy renewal date.
Port your policy if you face high renewal price hikes or poor claim service.
Explore policy features, benefits, terms, and parameters for this insurance category.
Speak with a Qualified Insurance Sales Person (ISP) at RakshaPoint IMF for parameter-based guidance.
Transparent parameter-based policy guidance from qualified Insurance Sales Persons (ISPs) under IRDAI IMF regulations.