Mediclaim Portability to be Introduced

by Kathy Jones on  June 14, 2010 at 8:42 PM Health Insurance News
RSS Email Print This Page Comment
Mediclaim users who are not satisfied with the way their policy is shaping up can soon opt for another insurer without having to pay extra premiums.
 Mediclaim Portability to be Introduced
Mediclaim Portability to be Introduced

The facility will only be available to policy holders who have insurance of Rs 1 lakh and above. Mediclaim portability is being recommended by the General Insurance Council, an association of non-life insurers. General Insurance Council secretary-general S L Mohan told PTI that all outstanding issues had been sorted out and it was recommended that portability be offered to consumers.

Under current rules, a policyholder is covered for a period of one year. If there is no claim in that year then he is entitled to a bonus in the form of increased sum and for every claim-free year.

But the bonus will not be available to those who opt to move over to another plan.




Source: Medindia

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
Notify me when reply is posted
I agree to the terms and conditions

More News on:

Health Insurance Portability Now a Reality Health Insurance In India - A General Overview 

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.


Stay Connected

  • Available on the Android Market
  • Available on the App Store

Facebook

News Category

News Archive