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All you need to know about porting your health insurance policy

Posted by: Girija Gadre on Jan 07, 2019, 11.49 AM IST

When you transfer to a new policy from an old one (also from one insurer to another), benefits accrued in the existing policy continue to the new policy. This is termed as porting and is carried out while buying the new policy. 

What can be ported? 
Time-bound exclusions in the existing policy (30-day waiting period after purchase, waiting period for existing ailments and waiting period for specified ailments) can be ported to new policy. No claim bonus on existing policy also gets ported. 


Conditions 
The paperwork for porting of health insurance policy must start when the existing policy is in force. Porting will not happen if the existing policy has expired. 

Portability form 
To port a policy, along with the proposal form for the new policy, a portability form must be filled. The form must be submitted to the new insurer at least 45 days before expiry of the existing policy. Details of the policy holder, policy to be purchased and existing healthinsurer and policy should be mentioned in the form. 

Documents required

• Copy of insurance renewal notice or previous year’s policy schedule. 
• A declaration that no claims have been made (if applicable). 
• If there was a claim, discharge summary, investigation and follow up report copies should be provided. 
• For past medical history, treatment and report copies needed. 

Process 
Once all papers are received, the new insurance company will check policy details from the existing insurer through the IRDAI portal. Once deta .. 

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