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Group Mediclaim to Personal Health Insurance Portability

image of doctor - Group Mediclaim to Personal Health Insurance Portability

The insurance regulator has permitted the porting of Health Insurance. Here are the guidelines for porting from the group to retail.

If an employee wants to port the policy to a Personal Health Insurance policy from the group policy, he can do so, at the time of exit from the company.

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The employee needs to declare his intent to the Insurer at least 45 days before the exit date.

The employee can port the policy from the group to any retail health insurance policy with the same insurer.

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If an employee wants to shift to a new insurance company, he can do that in his next renewal.

The employee will get the waiver of waiting periods in the retail Insurance policy (for the time he was in group insurance)

Employees will not get any discount on the retail Insurance premium. It is just the waiver of waiting periods.

The Insurer has the discretion to accept the proposal based on its underwriting guidelines.

Employee or his family members may be required to go for a pre-policy health check-up as per the retail policy conditions.

The cost of health check-up will be taken care of by Insurer if the proposal is accepted. If the proposal is declined then the employee will have to take care of the cost of health check-up.

For the convenience of Employees, Ethika can facilitate the whole process. Please write to us at info@ethika.co.in

Susheel Agarwal

Susheel Agarwal

Susheel is a certified Happiness Coach, which enables him to help organizations develop healthy and happy workplaces. Years of extensive in-depth research by interacting with various leaders of happy & not so happy organizations, attending several Happiness and Leadership programs along with his own authentic experiences, Susheel has been successful in establishing a happy workplace. He currently works as a Thought Leader and a Passionate Coach, educating corporate leaders to do the same.

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