The Buyt Desk
If you think your investment is not giving you the benefits as you anticipated, or it has become a liability instead of an investment, then you have the option to port it.
Switching to a new insurance pr0ovider is now a thing you can do only in a few clicks. To port your health insurance plan, you need to do the following things first, search and compare different health insurance plans. And second, select the one that best fits with your current and future requirements. There are multiple benefits you can reap by porting your health insurance policy. Know what are the benefits of porting health insurance policy.
Check The Benefits Of Porting Health Insurance
Superior Sum Insured Value – In your new health policy, your previous health policy accrued bonus gets added, which increases the overall value of your policy and other benefits. It also includes no claim bonus in the sum insured value.
Reduced Policy Premium – The competition among companies offering health insurance plans is benefiting customers by offering policies at a reduced premium. When you switch to new service providers, there are higher chances of getting benefits of the older policy at a lower premium rate.
Customize Policy – The next benefit of porting health insurance policy is that it leeway you to customize the policy according to your requirements. While selecting the policy, you can discuss with insurer to add facilities you want and remove which is not required.
No Loss In Benefits Of Previous Policy – While porting your health insurance plan, you don’t lose anything. All the benefits your current health insurance plan is offering to you will remain unchanged.
You Get a More Transparent System – Because you are porting, you have the opportunity to cross-check hidden details, go through the terms and conditions to have a transparent system.
Finer Claim Settlement Ration – Most people port to a new insurer because of their experience with the claim process. You can port with insurance providers with a better health insurance claim settlement ratio this way.
Get Superior Service Provider – By porting, you get time to check and compare your service provider credibility. It will allow you to choose a better service provider.
Porting health insurance is beneficial for those buyers who are stuck with the substandard insurer or insurance policy. It is charging them a higher premium in return for poor service.
