Portability Option. If You/the Insured Person has exercised the Portability Option at the time of Renewal of Your previous health insurance policy by submitting Your application and the completed Portability form with complete documentation at least 45 days before the expiry of Your previous Policy Period, then the Insured Person will be provided with credit gained for Pre-existing Diseases in terms of Waiting Periods and time bound exclusions up to the existing Sum Insured and cover in accordance with the existing guidelines of the IRDAI provided that:
a. The ported Insured Person was insured continuously and without a break under another Indian retail health insurance policy with any other Indian general insurance company or stand-alone health insurance company or any group/retail indemnity health insurance policy from Us.
b. The Waiting Period with respect to change in Sum Insured or plan shall be taken into account as follows:
i. If the ported Sum Insured is higher than the Sum Insured under the expiring policy, Waiting Periods would be applied on the amount of proposed increase in Sum Insured only, in accordance with the existing guidelines of the IRDAI.
ii. If the ported Sum Insured is lower than the Sum Insured under previous policy then the applicable Waiting Periods would be reduced by the number of months of continuous coverage under the previous policy.
iii. If the proposed Plan is to be changed and not the Sum Insured then the applicable Waiting Periods would be applied as per the proposed plan.
c. In case of different policies and plan in previous years, the Portability Option would be provided for the expiring policy or Plan which is to be ported to Us.
d. The Waiting Period for maternity benefits is not reduced on account of the previous period of insurance coverage even if the previous insurance policy incorporated a Waiting Period for maternity benefits.
e. The Portability Option has been accepted by Us within 15 days of receiving Your Proposal and Portability Form subject to the following:
i. You shall have given Us all additional documentation and/or information that We requested for;
ii. You shall have paid Us the applicable premium in full;
iii. We might have, subject to Our medical underwriting as per Our Board approved underwriting policy, restricted the terms upon which We have offered cover, the decision as to which shall be in Our sole and absolute discretion;
iv. There was no obligation on Us to insure all Insured Persons or to insure all Insured Pe...
Portability Option. If the Insured Person has exercised the Portability Option at the time of Renewal of Policyholder’s Group Health Insurance policy to a suitable similar Policy or Individual health Insurance policy or a Family Floater policy with the Company by submitting application and the completed Portability form with complete documentation at least 45 days before the expiry of Insured Person previous Coverage Period, then the Insured Person will be provided with credit gained for Pre-existing Diseases in terms of Waiting Periods and time bound exclusions up to the existing Sum Insured and cover subjected to Board approved Underwriting guidelines and in accordance with the existing guidelines of the IRDAI.
Portability Option. During the Term, Customer shall have the option to port capacity between *** subject to the following conditions: *** ***
Portability Option. Retirees who relocate outside the Rochester managed care area will be entitled to a College contribution to an out-of area health insurance carrier up to the dollar amount available to the retiree under a College supported managed care plan in the Rochester area. If a retired employee returns to the Rochester managed care area, the retiree may re-enroll in a College supported health plan to the extent provided by the plan.
