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Things to check before porting your health insurance

Complete disclosure of one's medical history is a must because any discrepancy or non-disclosure will lead you nowhere in the porting process

Representative Image: Pixabay

Insurance regulator IRDAI has allowed companies to reject health insurance portability applications if the set criteria aren’t met.
At least 45 days before the date of renewal, you’ll have to request for porting specifying which policy you are moving to.
Failing to produce required documents, inadequate information, poor claim history or breaks in the renewal of policy can be possible reasons for rejecting a portability application.
Portfolios focused on credit risk are typically illiquid due to their strong exposure to lower-rated securities.
If your claim history as revealed by the previous insurer is not the same as mentioned in the portability application form, the request can be denied outright.
The present age of the policyholder can be crucial to determine whether the portability request will be accepted or not. If you don’t fit in the age bracket of a particular plan, it can get rejected.
For senior citizens, porting health insurance can be far more challenging. Insurers charge higher premiums and may even introduce a co-pay clause.
Never miss deadlines and adhere to timelines of the new insurer. Being unavailable for calls and scheduled medical check ups may call for rejection.
Published: July 5, 2021, 14:11 IST

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