I have a basic health insurance policy with another company, and I’ve had it for 4 years with no claims. I’m really impressed with the features of the Niva Bupa ReAssure 2.0 plan. How can I switch to this new policy without losing the benefits of my old one, like the completed waiting periods? What is the step-by-step process for porting?
Porting your existing health insurance to a new plan like Niva Bupa ReAssure 2.0 is a great way to upgrade your coverage while protecting the benefits you’ve earned, such as the credit for completed waiting periods. The process is straightforward but requires you to act well before your current policy’s renewal date.
credits : Niva Bupa Reassure 2.O Health Insurance Policy | Niva Bupa
Step 1: Apply to Niva Bupa Before Your Renewal Date
A friend of mine successfully ported his policy, and his key advice was about timing. His old policy was due for renewal on August 1st, so he started the process in mid-June by contacting Niva Bupa, which was about 45 days in advance. This is a critical first step because the new insurer needs ample time to get your records from your old company and complete their underwriting process before your existing policy expires.
Step 2: Fill Out the Proposal and Portability Forms
The next step for my friend was the paperwork. A Niva Bupa agent sent him two main forms: their standard new policy proposal form and a separate, specific portability form. On the proposal form, he had to declare his current health status and medical history honestly. The portability form required details of his existing policy and authorized Niva Bupa to access his insurance history from his old provider.
Step 3: The Underwriting and Approval Process
After submitting the forms, my friend’s active role was mostly done. Niva Bupa’s team then officially contacted his old insurer through the IRDAI portal to get his claims history and original policy start date. Since my friend had no claims and a clean record, the Niva Bupa underwriting team approved his application within about two weeks. They confirmed in writing that the credit for his 4 years of continuous coverage would be transferred to the new policy.
Step 4: Pay the Premium and Receive Your New Policy
Once the proposal was accepted, Niva Bupa sent him a link to pay the premium for his new ReAssure 2.0 policy. He paid the amount and, within a day, received the new policy documents in his email. The best part was that his waiting periods for specific diseases were now considered completed, thanks to the successful porting process. He made sure not to let his old policy lapse until the new one was officially issued.
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