INSURANCE
Storyboard Text
- Great! It is a good idea indeed!
- Remember, Portability is allowed to all individual Health Insurance policies issued by non-life insurance companies, including family floater policies.
- Yes! When I said your policy is "Portable", it means you can transfer the credit you gained from pre-existing conditions and time bound exclusions if you choose to switch from one insurer to another, or from one plan to another, provided your previous policy has been maintained without any break.
- Do you mean I can carry forward my old policy with a new insurance company?
- When does a break in policy occur?
- A break in policy occurs when the premium due on a given policy is not paid on or before the premium renewal date of his/her existing policy for porting his/her policy. If you want to port your policy, you should apply to the new insurance company at least 45 days before the premium renewal date of your existing policy. If the insurance company does not communicate its decision within 15 days of you providing all details, it has no right to reject your proposal.
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