*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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Porting out Aditya Birla Health Insurance policy is simple and unique. Anyone holding a policy from another insurer can port to any of the Aditya Birla health insurance plans. Portability allows the insured person to customize the existing scope of coverage without losing the accumulated benefits during the policy term. To initiate porting, the policyholder needs to intimate their existing as well as the new insurer 45 days before the renewal date.
Some of the significant benefits of porting to an Aditya Birla health insurance plan are listed as follows:
The process of porting to an Aditya Birla health insurance policy is now simple with the online procedures. The steps for porting to an Aditya Birla health insurance plan online on Policybazaar.com are given below:
Step 1: Select the right Aditya Birla health insurance policy.
Step 2: Inform Policybazaar approximately 45 days before your current policy's expiration to initiate the porting request for your chosen Aditya Birla health policy.
Step 3: Complete and submit the necessary online proposal and portability forms on the official website of Policybazaar.
Step 4: Make the premium payment for the selected Aditya Birla health insurance policy.
Step 5: Policybazaar will forward your porting request to Aditya Birla Health Insurance.
Step 6: Aditya Birla Health Insurance Company will procure information from your existing insurer, potentially encompassing your claims history and medical records, also available on the IRDAI website.
Step 7: Your present insurer will share the requested information with Aditya Birla Health Insurance through the IRDAI's data-sharing portal within 7 working days. Temporary postponements in the decision-making on your portability request may arise due to delays in data exchange.
Step 8: Aditya Birla Health Insurance Company will assess the submitted documents and will give the acceptance or rejection of your portability request within 15 days. If there is no decision within the stipulated time frame, the portability request will be automatically accepted.
Here is a compiled list of documents required while porting to an Aditya Birla health insurance policy:
When a current insurance plan is switched to Aditya Birla Health Insurance, the accumulated No Claim Bonus (NCB) differs as per the situation and the type of plan opted for:
Scenario 1: If the policyholder chooses an Aditya Birla Health policy with the same base sum insured amount, the waiting periods from the previous policy is considered.
For instance: Priya holds a health policy of ₹10 lakh with a NCB of Rs 2 lakh and has served a waiting period of 24 months. When she ports to an Aditya Birla Health insurance policy of ₹10 lakh. In this scenario, the waiting periods from her previous policy counts, allowing her to file the claim for health conditions that require a waiting period of 24-months without serving any additional waiting periods.
Scenario 2: Should the policyholder switch to an Aditya Birla Health policy with a base sum insured amount equal to the combined total of the previous policy's base sum insured amount and the NCB, the existing waiting periods of the prior policy will be sufficient.
For example: Priya has a health insurance policy of ₹10 lakh and an NCB of ₹2 lakh. She intends to switch to an Aditya Birla Health insurance policy of ₹12 lakh. In this case, the waiting periods from her previous policy carry forward. This is because the collective sum of her last policy's base sum insured amount (₹10 lakh) and NCB (₹2 lakh) matches the base sum insured amount of the Aditya Birla Health policy (₹12 lakh).
Scenario 3: If the policyholder selects an Aditya Birla Health policy with a higher base sum insured amount than the combined total of the previous health insurance policy's base sum insured amount and NCB, waiting periods will be enforced for the additional coverage portion.
For example: Priya holds a health insurance policy of ₹10 lakh alongside an NCB of ₹2 lakh. She plans to switch to an Aditya Birla Health insurance policy of ₹15 lakh. In this instance, the waiting periods served under her previous policy will be enough for a coverage amount of ₹12 lakh. However, to claim for the extra ₹3 lakh, standard waiting periods need to be served.
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