Migration of health policy

18 Oct, 2023 | by tejinder sethi

I want to migrate my health policy in the same company. I have policy from Care Insurance Company and the name of policy is Care which I had taken for 3 years and now coming up for renewal. I want to migrate to Care Supreme with same base sum insured of 10 lacs.

I need to know the following:

Whether I will again be subjected to underwriting process.

Whether the NCB can be carried forward.

Health Insurance

2 Answer

Post

18 Oct, 2023

Manoj Krishnan

Migrating in same company will not involve underwriting if you have not made any claims, even if you have claimed if it isn't for any major disease like cancer etc it won't be a problem.

I did change my plan last week but different insurer

0 Comments

18 Oct, 2023

Manoj Krishnan

NCB mostly will not be carried forward that's what my insurer did

3 Comments

26 Oct, 2023

tejinder sethi

There is a circular of IRDA on migration wherein it is stated as under:

Migration shall be applicable to the extent of the sum insured under the

policy and the cumulative bonus , if any, acquired from the previous policies.

Please refer circular IRDAI/HL T/REG/CIRb(,3/01/2020 dt 1.1.2020. In such a scenario the bonus should be allowed to carry forward.

Your view's please.

29 Oct, 2023

tejinder sethi

Reminder please

29 Oct, 2023

Manoj Krishnan

These are rules that are only in paper, they will not help you in real life on ln an ideal world they should be applicable in real life but end of the day we are in India right? anyways I tried migrating in a different Insurance company niva bupa yours is Csre, so you can always give it a try,but I am doubtful if the result will be any different, I don't think they will agree to carry forward the bonus.

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