Making the switch: Taking pulse of health insurance policy portability

The reasons are high renewal premiums, inadequate service, and need for more sum assured

Rising medical treatment costs can burn a hole in your pocket. Having a medical insurance policy is a must. Whenever there is a renewal, there are questions on whether you should continue with the same insurer. There could be a number of reasons for dissatisfaction with the existing insurer — high renewal premiums, inadequate service, and change in circumstances. 

“It is always advisable to check multiple options through an insurance aggregator website and compare the benefits, features, and premium offered by different insurers. If you feel you are getting a better deal in terms of coverage and premium amount, you