Corporate Health Insurance When Changing Jobs

As per the 2022 Workforce and Increments Trends Survey by Deloitte, the average attrition rate in India increased from 15.8 percent in 2020 to 19.7 percent in 2021. This means a majority of the Indian workforce is now looking for a job change after a hiatus of almost two years. But have you ever wondered, what happens to corporate health insurance when changing jobs? In the article below, we shall look at how group health insurance plans and employers are evolving to meet employee needs and the health insurance options employees have during a job change.

Read more
Tailored health plans, dedicated expertise - the perfect match for your organization's well-being
Customized plans

Affordable prices

24X7 Support

Dedicated claims manager

Total Care

All round wellness benefits

Fast-track your search with instant quotes from prominent insurers
₹1 Lakh cover starting at
No medical test required
Zero waiting period
Paperless claims
secure-icon We don't spam
Get Updates on WhatsApp

Whom do you want to insure?

  • Employee, spouse & kids

  • Employee only

Corporate Health Insurance When Changing Jobs

Corporate health insurance or group insurance for employees is a policy wherein the employer pays for the health insurance premium on behalf of the employee. Having said that, a typical corporate health insurance coverage would end on the last working day of the employee at a particular job. Thus, an employee may have two options for corporate health insurance when changing jobs to cover medical emergencies. Either, the employee can convert the corporate health insurance to an individual policy, or buy a new insurance plan altogether. Let us highlight both these options in detail.

Portability of Corporate Health Insurance When Changing Jobs

The Insurance Regulatory and Development Authority of India (IRDAI) issued regulations in 2020 stating that employees covered under a corporate health insurance plan can migrate or port to an individual health insurance policy. It is to be noted that not all employers offer this facility for migration. So, an employee must first check with the current employer, if such a facility is provided.

Secondly, only a few insurance providers offer this portability option. Additionally, even if the insurers offer this option, they have the complete right to decide on the terms and conditions of the new policy as well as the premium amount.

The basic steps of portability of corporate health insurance when changing jobs (if the employer offers this facility) are as follows:

  1. Inform the insurer: The employee is required to inform the insurance company well in advance about corporate health insurance when changing jobs, ideally 30-45 days before the last working day.
  2. Select a health plan: One can select a health plan offered by the insurer depending on the terms and conditions, inclusions, exclusions, premiums and other factors.
  3. Submit documents: Along with the portability form, the employee must submit various other documents. These may include the policy documents of the existing policy, medical history, claim history, etc.
  4. Pay the first premium: Once the insurance application is processed, the employee can pay the first premium and subsequently, a new policy will be issued.

As mentioned above, the insurer holds the right to either accept or reject the health insurance policy migration.

Buying a New Insurance Policy

If an employee was solely dependent on employer-provided group insurance, it is time to look out for insurance apart from corporate health insurance, when changing jobs. Health insurance plans for a complete family can be an effective risk-mitigation tool during medical emergencies and can also ensure coverage not only for the policyholder but also for his dependents. These policies can now be customized and riders can be added based on the needs of the individual. Add-ons usually come for an additional cost and thus, it is important to calculate the premium amount wisely to determine the final value.


Amit, working in an MNC decided to switch his job. Since he was aware of the portability norms, he enquired with his current employer about the same. The organization was flexible with the portability option. The insurance company with which Amit and his current employer had group health insurance, also shared the migration process and finalized the terms and conditions and premium amount before portability. In this way, Amit could easily port his corporate health insurance when changing jobs without much hassle.


Exercising the portability option of corporate health insurance when changing jobs depends mainly on the insurance company if it allows for such a facility. However, the second alternative of buying a fresh policy is a guaranteed way to ensure adequate medical coverage for the whole family.


Group Health Insurance Premium Calculator

Who do you want to insure?

  • Employees
  • Employees & their family

Minimum lives should be 7

  • 1 Lakh
  • 2 Lakh
  • 3 Lakh
  • 4 Lakh
  • 5 Lakh

Include maternity coverage

Premium starts from

(Excluding GST)

Let's find the right plan for you

Speak to our experts to get the right plan for your company's needs

icon Expert advice made easy icon
  • Date
  • Time

When do you want a call back?

  • Today
  • Tomorrow
  • 21 Jul
  • 22 Jul
  • 23 Jul
  • 24 Jul
  • 25 Jul

What will be the suitable time?

  • 11:00am - 12:00pm
  • 12:00pm - 01:00pm
  • 01:00pm - 02:00pm
  • 02:00pm - 03:00pm
  • 03:00pm - 04:00pm
  • 04:00pm - 05:00pm
  • 05:00pm - 06:00pm

Tell us the number you want us to call on

Your privacy matters. We won't spam you

Call scheduled successfully!

Our experts will reach out to you on 4th June between 2:00 PM - 3:00 PM

Now help your friend get Business Insurance

Your referral is greatly appreciated!

Our team will reach out to your friend soon to help with their business insurance requirements.

Wait! Didn't find what you were looking for?

Our certified business insurance experts are just a call away.

icon Expert advice made easy icon
  • Date
  • Time

When do you want a call back?

  • Today
  • Tomorrow
  • 21 Jul
  • 22 Jul
  • 23 Jul
  • 24 Jul
  • 25 Jul

What will be the suitable time?

  • 11:00am - 12:00pm
  • 12:00pm - 01:00pm
  • 01:00pm - 02:00pm
  • 02:00pm - 03:00pm
  • 03:00pm - 04:00pm
  • 04:00pm - 05:00pm
  • 05:00pm - 06:00pm

Call scheduled successfully!

Our experts will reach out to you on 4th June between 2:00 PM - 3:00 PM

Call scheduled successfully

Thank you
Our experts will provide you assistance with your
insurance coverage. Be assured, all your questions
will be answered

Customizable plans from top insurers

starting @ ₹110/employee*

View Quotes
Group Health Insurance Articles
GIPSA stands for General Insurance Public Sector Association.It is a group of four General insurance companies...Read more
28 Apr 2022 by Policybazaar 16865 Views
A group medical insurance scheme offers many benefits in addition to providing financial support during medical...Read more
08 Feb 2023 by Policybazaar 8747 Views
Companies worldwide strive to attract top talent by offering competitive salaries and outstanding corporate...Read more
15 Sep 2023 by Policybazaar 2596 Views
GPA (Group Personal Accident) and GMC (Group Medical Coverage) are two popular types of insurance policies often...Read more
01 Jun 2023 by Policybazaar 8445 Views
Extended work hours or working on holidays and weekends have become common in workplaces. Compensatory leave for...Read more
18 Apr 2024 by Policybazaar 1068 Views
Investing in Group Health Insurance (GHI) is crucial for...Read more
07 Jun 2024 by Policybazaar 216 Views
Co-pay in group health insurance was Insurers introduced the...Read more
06 Jun 2024 by Policybazaar 222 Views
In today's workplace, companies must foster a culture of support...Read more
31 May 2024 by Policybazaar 264 Views
Extended work hours or working on holidays and weekends have...Read more
18 Apr 2024 by Policybazaar 1077 Views
In today's competitive job market, where top talent holds the...Read more
29 Mar 2024 by Policybazaar 392 Views
Policybazaar for Business - Group Health Insurance - Customer Reviews
View all
Based on 189 reviews
out of 5
Based on 189 reviews
38 users
136 users
15 users
0 users
0 users
3.8 April 09, 2023
Excellent Support
It was easy to buy insurance from PolicyBazaar website and customer support was also amazing to clear all the doubts.Thankyou. Highly worth it.
4.3 April 01, 2023
Necessary Investment
It is a good and necessary investment. Thanks PB.
4.3 March 24, 2023
Provides Satisfactory Results
I purchased Group health insurance at policybazaar recently and i am so much satisfied with the plan. The application process was smooth and efficient, making the typically tedious task of getting insurance surprisingly hassle-free.Thanks PB.
3.8 March 16, 2023
Helpful In Making Decisions
When it came to selcting the right Group Health Insurance, Policybazaar offered an impressive range of options from reputable insurers. I appreciated the comprehensive details avalable for each policy which helped me to take the better decisions. Thankyou.
4.3 March 15, 2023
Increases Clients Expectations
I recently had the pleasure of securing a Group Health Insurance policy throug PolicyBazaar and I must say the Entire process exceeded my expectations! From start to finish, their service werw great. Thankyou.
3.8 March 02, 2023
Great Experience
I got great deals on PolicyBazaar website. Highly recommend.
4.3 February 17, 2023
Excellent Purchase
It was a excellent purchase at PolicyBazaaar. Thankyou team.
4.3 February 04, 2023
Prompt Services
Policybazaar's efficient claims process was impressive. In case of any medical emergencies, my employees were able to get their claims settled swiftly, allowing them to focus on their health and recovery without worrying about financial aspects.Thankyou
4.3 January 22, 2023
Budget Friendly Purchase
Thankyou PolicyBazaar for providing such a great plan at affordable premium rates. It was a budget-freindly purchase.
4.3 January 09, 2023
Multiple Range Of Benefits
I purchased Group health Insurance which offered me plans with affordable rates Thankyou PB.