Portability is a relatively new facet introduced for mediclaim policies in India. Now, you don’t necessarily have to get your policy renewal done with the same insurer year after year. New insurers are coming with lucrative deals.
So, you can compare medical insurance companies in India and select the provider of best policies on your medical policy renewal. The portability feature of health insurance in India essentially allows mediclaim policyholders switch from one insurer to another. You can retail all your accrued benefits even if you decide to change your policy provider.
14 + 19 = 33 (insert 1 in the middle) => 313
25 + 13 = 38 (insert 2 in the middle) => 328
7 + 18 = 25 (insert 3 in the middle) => 235
10 + 40 = 50 (insert 4 in the middl e) => 540
Final answer: 540
There are many reasons why policyholders choose to port their mediclaim policy. Mediclaim policyholders change insurers if they find an insurer with better deals. Sometimes, inefficient services by existing providers force policyholders look for a new medical insurance company in India. Ever since its introduction, portability has proved to be beneficial for policyholders. Here are the advantages of porting of health insurance in India.
You can port your mediclaim policy in India to another insurer for free.
Both individual mediclaim policy and family floater policies are eligible for mediclaim policy portability.
All benefits earned by medical insurance policyholder regarding waiting period and NCB are retained when they port the mediclaim policy to new insurance provider.
Conditions regarding medical policy portability
IRDAI imposes some terms and conditions and deadline for all policyholders willing to port their mediclaim policy have to maintain. Policyholders in India also have to go by guidelines set by IRDAI. Here are some vital guidelines about portability of medical cover in India.