Why Switch Your Private Health Insurance Provider?
There can be
many reasons for Switching
Health Insurance which differs from person to person. Here
are some main reasons to switch your health insurance provider:
i.
Increasing cost of your premium- Due to the advancement of medical facilities,
companies are coming up with lower monthly premiums and are offering better
services than your previous health insurer.
ii. Better
claim settlement- If policyholders are not satisfied by the claim settlement of
their existing health insurance company, they can get their insurance ported to
any other company.
iii.
Providing better facilities at the same rate- There are
few companies that cover more services than previous ones and offer better
premium rates which might get easily fixed in your budget.
iv. Adding
incentives while switching the insurance plan- Some
insurance companies offer a discount on insurance premiums if we switch to
their companies.
It could
give you a better service while saving some of your money.
What does Porting your health insurance mean?
Porting your
health insurance means transferring your current health insurance to a new
company of your choice.
It also
involves the transfer of no claim bonus and your waiting period so
that you don’t have to start from the beginning and you don’t lose your
cumulative bonus in the process.
Things to know before porting a health insurance
There are a
few things you need to take care of, before porting your health insurance:
i. If you
have certain diseases that require frequent visits to hospitals, then the new
porting of health insurance can be canceled.
A history of
renal failure or heart disease can also become a hindrance in your porting of
health insurance.
iii. Filling
the form wrong or giving incorrect information can lead to the rejection of
your application.
iv. Age also
plays a significant factor that can lead to the non-portability of the
insurance cover because due to advancing age, the problem of the diseases
becomes frequent.
Steps to port your health insurance:
If you are
planning to Switch Health Insurance, you
should reach out to the new insurance company at least a few months before the
expiration of your current insurance plan.
You can
visit our website to learn more about what we can offer. If you find a new plan
more beneficial than your existing plan, let us know, and we will help you
secure the new policy and offer you free advice during the ongoing process.
We at health care clarity utilize
our knowledge and experience to find the best policy suited for you and let you
smoothly switch your insurance provider if you want.
If you are
looking for a switching insurer, give
us a call or visit our website to get a free quote and further advice on your
every insurance-related quarry.
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