Health Insurance Portability: Meaning & How To Transfer
Insurance, especially in today’s times, is essential to provide financial protection against unexpected and potentially costly health emergencies. Health insurance portability allows you to transition without losing the benefits you accrued under your existing policy, hence making it useful and with minimal pain. In this comprehensive article, Snehil Gambhir elaborates on the concept of Health Insurance Portability, the reasons why portability was introduced, and the advantages to policyholders. It also covers how policyholders can switch their insurer or plan by following the standard procedures laid out by the IRDAI and how to avoid some common pitfalls on your portability journey.