Answer Book question
Yes, through portability. You apply to the new insurer at least 45 days before renewal, and the waiting-period credit you have already earned carries over for the same sum insured. The new insurer can still underwrite you and can decline, so do not cancel the old policy until the new one is issued.
Yes, through portability. You apply to the new insurer at least 45 days before renewal, and the waiting-period credit you have already earned carries over for the same sum insured. The new insurer can still underwrite you and can decline, so do not cancel the old policy until the new one is issued.
A family has a ₹5 lakh policy with an insurer whose network dropped their preferred hospital. They port to another insurer at renewal, keeping four years of waiting-period credit. They also increase the sum insured to ₹10 lakh. but the additional ₹5 lakh starts fresh waiting periods.
IRDAI portability rules protect continuity benefits. Credit carries for the sum insured you already had; enhancements are treated as new cover. The new insurer underwrites as usual.
Renewal date. apply 45–60 days before Claims history (affects acceptance) Whether the new insurer's network includes your hospitals Room-rent and co-pay differences Which benefits carry over and which restart
Porting during or immediately after a major claim is often declined. Port in a quiet year.
Network coverage of hospitals in your district is a legitimate reason to port; check the new insurer's list for your nearest tertiary hospitals.
Old: ₹5 lakh, 4 years served. New: ₹10 lakh. First ₹5 lakh carries credit; second ₹5 lakh has fresh waits.
If your current insurer has paid claims smoothly and the only issue is price, porting to save a small amount may cost you a familiar claims experience.
Diary the renewal date and apply early Compare network, cap, co-pay. not only premium Keep the old policy until the new one is in hand
What is a waiting period? What should I check before renewing my parents' policy?
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