PORT-Your Health Insurance Policy
Our Proud Partners - Beemawala
What is PORT-Your Health Insurance Policy?
Porting your health insurance policy involves transferring your existing health insurance plan from one insurance company to another while retaining the accumulated benefits like waiting period, NCB, and more. It allows you to switch to a different insurer without losing continuity of coverage. This process ensures that you continue to enjoy the benefits accrued under your previous policy while benefiting from potentially better features and services offered by the new insurer. Porting can be beneficial if you’re dissatisfied with your current insurer or if you find a policy that better suits your needs with another company.
⛦ Example Scenario: Ramesh had an existing health insurance policy with his current insurer. However, he noticed that there were many clauses that resulted in deductions from his claim amount. He learned about porting and decided to switch his policy to a different insurance company that offered a policy with better terms, including no deductions on claims.
How Porting Helps Ramesh:
By porting his policy to the new insurance company, Ramesh can enjoy several benefits:
1. No Deductions: The new policy he is considering has no deductions on claim amounts. This means that when he makes a claim, he will receive the entire claim amount without any deductions, ensuring he gets the full benefit of his policy coverage.
2. Better Terms: The new policy has terms and conditions that are more favorable to him, providing him with better coverage and benefits compared to his old policy.
3. Continuity of Coverage: Porting allows Ramesh to retain the benefits he has already accumulated under his old policy, such as waiting periods, no-claim bonus (NCB), and other advantages. He doesn’t lose the benefits he has earned over time.
4. Improved Claim Experience: With the new policy, Ramesh can expect a smoother and more transparent claim settlement process, without the hassles of deductions that he faced with his previous insurer.
In summary, porting his health insurance policy enables Ramesh to switch to a new insurer that offers better terms and conditions, including no deductions on claims. This move ensures that he can fully utilize his policy coverage without any financial setbacks due to deductions, providing him with peace of mind during medical emergencies.
Document needed in Porting your Extisting Health Insurance Policy
Previous Policy Details
Porting Request Letter
Coverages of Under PORT-Your Health Insurance Policy
Day Care Procedures
Pre and Post Hospitalization
Emergency Medical Care
No Claim Bonus (NCB)
Additional Add-ons of PORT-Your Health Insurance Policy
Critical Illness Cover
Personal Accident Cover
Hospital Cash Benefit
Top-up or Super Top-up Cover
Outpatient Department (OPD) Cover
Alternative Treatment Cover
Second Opinion Cover
Daily Hospital Cash
Organ Donor Cover
Accidental Death and Disability Benefit
Riders for Family Members
Factors Determining the Premium of Health Insurance Policy
Age of Members:
Major Differences Between Health insurance policy and Critical Illness Insurance
|Aspect||Health Insurance||Critical Illness Insurance|
Provides coverage for a range of medical expenses and treatments.
Offers coverage for specific critical illnesses mentioned in the policy.
General healthcare and medical expenses.
Financial protection against high treatment costs of critical illnesses.
Covers various medical treatments and hospitalization expenses.
Pays a lump sum amount upon diagnosis of a covered critical illness.
Broader coverage for medical procedures, hospitalization, etc.
Specific coverage for critical illnesses like cancer, heart attack, etc.
Typically offers annual or multi-year coverage options.
Usually renewable annually or as per policy terms.
Premiums vary based on factors like age, health, coverage amount.
Premiums can be higher due to the specialized coverage provided.
Can be used for various healthcare needs, not just critical illnesses.
Intended to cover financial impact of specific critical illnesses.
Requires medical bills and documentation for reimbursement.
Requires medical diagnosis confirming critical illness for payout.
Offers riders for added coverage like maternity, dental, etc.
Limited additional riders as the focus is on critical illness coverage.
Survival Period Requirement
No survival period requirement, benefits can be claimed for medical treatments.
Requires survival for a defined period (usually 30 days) after diagnosis.
Flexible usage for various medical expenses and treatments.
Intended to cover costs that arise due to the critical illness.
How to Settle Health Insurance Policy
Notify the Insurer
Cashless or Reimbursement
Approval & Payment
Claim Settlement Time
Claim Rejection or Dispute
Exclusions of Health Insurance Policy
Injuries from Hazardous Activities
Pregnancy and Fertility Treatments
Mental Health and Substance Abuse
War or Terrorism
Routine Health Check-ups
Illnesses by Birth
Documents Required for Claim Settlement under Health Insurance Policy
Bills and Invoices
Insured's Address Proof
Insured's PAN Card
Insured's KYC Form
Claimant's Bank Details
Authorization of Assigned Doctor
Any Other Relevant Documents
Contact Information for Claim : Settlement related to Health Insurance Policy
If Policy Obtained through Agent/Broker
Claims are the reason we get a car insurance in the first place! Therefore, ensure the claim process of your desired car insurance is smooth and doesn’t take too long. When you’re in trouble, the last thing you want is, to spend all your time and energy in just filing a claim!
If Policy Obtained Directly from Insurance Company
Claim Settlements are basically getting your compensations done right. Claims being such an important part of a car insurance, check for your desired insurer’s claim settlement ratio so that you’re assured that no matter what, your claims will be settled!
Claim Contact Information for Policy from Beemawala.com
If you have taken the policy from Beemawala.com, please use the following contact details to register your claim.
- Phone: +91-9654259715
- Email: email@example.com