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Port your insurance policy to cover home care, consumables: Experts

Around 54 per cent customers in tier 1 cities, 18 per cent in tier 2 cities, and 28 per cent in tier 3 cities ported to a higher health cover

Notwithstanding the growth in health premiums, insurers have seen elevated levels of Covid claims in the first three months of the financial year due to the second wave of the pandemic.
premium

Bindisha Sarang
Customers are increasingly opting to port if they are dissatisfied with their current health insurance policies, as a recent pan-Indian survey by PolicyBazaar of 4,500 respondents shows.

With new health policies offering enhanced features being launched at regular intervals, moving makes sense since customers don’t lose out on the benefits accumulated in their old policies.    

Check out policy features

The PolicyBazaar survey found that 63 per cent customers had ported for a better price and higher sum insured, while the remaining 37 per cent had ported for better features and services.

Before porting, ensure you are moving to a policy with the right