SACHA ADVICE. ACHA ADVISOR.
back arrow Back

I want to portability

reply Share
03 Nov, 2022 by  kalkit patel

I am a customer of (XXX COMPANY)this policy for last five years but I have never passed any claim.If I am taking hypertension medicine for last six months, can I get waiting period for any illness related to hypertension if I go to another company while porting?

like like
0
Health Insurance

1 Answer

Post
04 Nov, 2022
connect with advisor

Hi,


It will depend on the underwriting guidelines of the new insurer to which you are porting. In most cases, you'll be accepted without any waiting period but if the new insurer sees any imminent hospitalization, they may add a waiting period.


In your case, if it's only hypertension and you are taking regular medication for the same, I don't think the new insurer would apply waiting period. Although, loading may be applicable depending on your BP readings and the medication if it's adverse.


Also note that as per IRDA guidelines, for individual/retail policies, migration from one insurer to another insurer, there should be no underwriting upto the extent of the existing SI but this is generally not followed by many insurers. Personally, I think these guidelines are not well thought through because a nrw insurer cannot accept a cancer patient without any underwriting.


Please apply for portability in advance so you have time to decide if the new insurers apply any conditions.


Thank you,

Avinash Sonee


like like
0
icon-comment 0 Comments
icon-reply Reply
connect with advisor

Tired of dealing with call centers!

Get a professional advisor for life!

LIFETIME FREE

Rs. 1799

or

Discover the best tips for insurance every week!

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business.
© Copyright 2022 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to info@beshak.org now 🙂