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What is Insurance Portability?

Insurance Portability

In today’s world, when everything is so flexible such that we can even switch to different mobile network without changing our number then, why not insurance. This actually refers to insurance portability, i.e. changing your health insurance policy from one company to another without losing the benefits that you have gained.

Previously, moving to one insurer to another would mean losing our benefits, however IRDA (Insurance Regulatory and Development Authority of India) now provides us to easily change from one insurer to another or changing from one plan to another with the same insurer keeping the benefits intact.

So, we can accrue benefits of previous policy by being under coverage for a certain period. It also becomes important to get coverage for pre-existing diseases.

As stated, earlier we would derive benefits of only the retaining period. Its not limited to an individual holder, anyone holding an employer group health insurance or a family floater insurance policies can also switch to an individual health cover. This is possible only when you port to a plan by existing insurer and then you can move to a new insurer after one year.


You should apply for new insurer 45 days prior to last date of renewal of your existing policy. On receiving the request, they will give you a proposal form and portability form. After choosing the product and filing these forms, new insurer will contact the existing insurer for your medical history and claim. They will share details on a portal. After that, new insurer will take the decision of giving you the policy or not.

Recommended links from IRDA Website :

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  1. It’s good to know that you don’t have to be stuck with the same insurer. As Komal has mentioned, earlier it used be a tedious work to switch insurers, not to mention the loss of benefits. Nowadays there are better offers in insurances coming your way. Why not make use of it ? And thanks for explaining the procedure well.


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