Health insurance portability allows you to switch from one insurer to another without losing the benefits you've accumulated, such as waiting periods and no-claim bonuses.
The process must be initiated at least 45 days before your existing policy renewal date. Here's how it works:
- Submit a portability request to your new insurer before renewal
- The new insurer requests medical records and claim history from your existing insurer
- You may be asked to undergo medical tests based on your age and sum insured
- The new insurer provides a portability quote within 15 days
- If accepted, coverage continues without a break
At GIIB, we handle the complete portability paperwork for you, ensuring a seamless transition with no gap in coverage.