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In 2011, IRDA came out with regulations regarding portability to protect the interests of consumers. As per the portability guidelines, any insured person if not satisfied with his/her existing health policy can switch to another insurer of choice. The insured will get all the accrued continuity benefits in waiting periods provided there are no lapses in policy renewal. The right reasons to port: The primary consideration under which most people port their health insurance policy is low premiums. This factor however solely should not rule the porting decision. If there are too many inhibitory clauses in the policy which prevent […]

Many corporates offer group health insurance to their employees to secure their well-being. If associated with any organisation as an employee, you are by default covered if the employer is offering group health cover. Many of the group policies cover not just employees but also their family members. Here are a few benefits of a group health insurance plan: Advantages: No waiting period: Unlike a personal health policy, most group health insurance plans do not have waiting period. Waiting period is the time span after the purchase of policy during which an insured cannot claim any hospitalisation expense from the […]