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Porting group health policy to retail

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15 Feb, 2023 by  Mahesh Kumar

Dear sir,

Have policy with sbi general group policyy taken from bank. Four years completed. When i asked for port they are telling not possible . give details regarding this sir.

Health Insurance

1 Answer

27 Feb, 2023
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Hi Mahesh,

As per IRDAI's portability norms, members of an indemnity-based group health insurance scheme offered to account holders of a bank are allowed porting of their health insurance coverage to another indemnity-based group health insurance scheme offered by a different insurer to the account holders of the same bank.

This means you can shift from one group health insurance plan to another within the same bank and will not have the chance to get the continuity benefits carried forward to a retail health insurance plan.

If you still want to buy a comprehensive retail health insurance plan, the only solution is to purchase a fresh policy from an insurance company with a good reputation.

Let us know if you require any further assistance in this regard...

Satish Kumar H

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