Health insurance policy portability will also help people shifting from one part of the country to another. In want ofsuch facility they were put to disadvantage due to lack oftheir insurers'' offices at new locations.
Also, in case of change of jobs, policy holders losehealth insurance cover as they could not change their insurer.
Irda has directed insurance companies to mention in theprospectus and sales literature that all health insurancepolicies are portable.
The request of porting the policy shall be completed asper the timelines prescribed in the Irda regulations andguidelines, the regulator has told the insurance companies.
Besides, three standalone health insurers -- Star Health