*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
Who would you like to insure?
Do you have an existing illness or medical history?
This helps us find plans that cover your condition and avoid claim rejection
What is your existing illness?
Select all that apply
When did you recover from Covid-19?
Some plans are available only after a certain time
With National Health Insurance Portability, customers can port their current health insurance plan without losing accumulated benefits. They can choose the plan that best meets their needs and budget without starting over from scratch. Individuals can raise the portability request with details of their preferred National health policy approximately 45 days before their current policy lapses.
The following are a few notable advantages that one can avail while switching to a National health insurance policy:
Here is an overview of the steps for porting to a National health insurance policy online on Policybazaar.com:
Step 1: Select the National health insurance policy you wish to purchase.
Step 2: Initiate a porting request with Policybazaar approximately 45 days before your current policy expires to switch to your preferred National health insurance plan
Step 3: Complete and submit the online proposal and portability forms to Policybazaar.
Step 4: Now pay the premium online for the plan that was zeroed down
Step 5: Policybazaar will inform the National Insurance Company Ltd. Regarding the porting request
Step 6: National Insurance Company Ltd. will communicate with your existing insurer to gather information such as your claims history, medical records, etc. which otherwise is available on the Insurance Regulatory Development Authority of India’s website.
Step 7: Within 7 business days, your current insurer will furnish all requested details to National Insurance Company Ltd. through IRDAI's shared data platform. If there are any delays in data sharing by your current insurer, your porting request can be put on hold.
Step 8: National Insurance Company Ltd. will evaluate the documents received within 15 days to accept or decline your porting request. If no decision is made, your porting request will be automatically accepted.
Here is the list of documents an applicant would need while porting to a National health insurance plan:
To understand how the No-claim-bonus works under National health insurance portability. Let us discuss three different scenarios where the NCB is decided based on the sum insured by the New health plan:
Scenario 1: Here, the policyholder selects a National health insurance plan with a similar base sum insured, and the waiting periods from the last policy will suffice.
For instance, Siddharth has a Rs. 12 lakh health plan with a no-claim-bonus of Rs. 3 lakh. If he decides to port to a health plan of Rs. 12 lakh, the waiting periods from his previous policy are considered. This enables him to access coverage benefits without any additional waiting periods.
Scenario 2: If the policyholder ports to a National health insurance with a base SI equivalent to the cumulative value of the prior policy's base SI and the NCB, the waiting periods of the previous policy will be sufficient.
For example, Siddharth holds a Rs. 12 lakh health policy with an NCB of Rs. 8 lakh. If he opts to port to a National health insurance plan of Rs. 20 lakh, the waiting periods from his previous policy are considered. This is because the combined value of the previous policy's base SI (Rs. 12 lakh) and the NCB (Rs. 8 lakh) equals the National health insurance policy's base sum insured (Rs. 20 lakh).
Scenario 3: When the policyholder selects a National health insurance having a higher base sum insured than the sum of the previous health policy's base SI and the NCB, waiting periods will be applicable for the additional coverage amount.
For instance, Siddharth has a Rs. 12 lakh health policy with an NCB of Rs. 8 lakh. Suppose he intends to port to a National health insurance policy of Rs. 30 lakh. In this case, the waiting periods covered by the previous policy will suffice for the Rs. 20 lakh coverage amount. However, to claim the additional Rs. 10 lakh, he will have to serve the standard waiting periods.
29 Feb 2024Preventive health check-ups are essential to monitor critical
21 Feb 2024When you decide to purchase a health insurance plan for you and
22 Feb 2024In an era where healthcare expenses are skyrocketing in India, the
10 Jan 2024An ongoing medical inflation of 14 percent in India (the highest
21 Dec 2023The rising costs of healthcare services have made it necessary for