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Ditto Insurance

23 Aug, 10 tweets, 3 min read

🚀The number of people porting their #health policies to a higher sum insured rose from 30% in 2020 to 80% in 2021 between the months of March to May.

Pretty shocking!

Everyone's porting their health policies, should you?

A thread... (1/10)

Porting is basically a process that allows you to change insurers or policies without losing the benefits of waiting periods you've already jumped over.

So you get to change your terms and the insured amount while making sure that you don't lose these benefits. Amazing! (2/10)

💡Now ever since the pandemic, #insurance has seen a much-awaited revolution with a jump in sales - 40% from the previous year. But this isn't the only reason why people are porting. (3/10)

👉You see, health cover worth 1 crore, now costs just as much as a 10-lakh cover.

For example, a 30-year-old who might pay Rs. 600-800 per month for a 10-lakh cover, can now get a 1 crore cover for just Rs. 800-1000 per month. (4/10)

People are also finally understanding what exactly is in the fine print of their policy and getting rid of mandatory co-payment clauses and room rent caps. (5/10)

Pair that together with media reports flooded with inflated medical costs patients receive and it’s no surprise so many are opting for better health covers. (6/10)

👉Thus, if you feel that your health policy also might be lacking and needs an upgrade, here are a few tips to make your porting journey easier :-
(7/10)

1.) Plan in advance - There's a porting window 45-60 days before policy expiry in which you can port without losing your benefits. You can only port during that time so make sure you have everything in order till then. (8/10)

2.) Make sure you check all the inclusions in your preferred plan (you don’t want any surprises here)

3.) If you have NCB (No Claim Bonuses) accumulated, this won’t be transferred to your new policy. (9/10)

👉If you want to speak to an expert that can evaluate your requirements to make sure that you have the best possible health policy, #AskDitto. It’s free & we promise not to spam you :)

Visit our site- bit.ly/3koiTh0

or WhatsApp us: bit.ly/3eIrQy6

(10/10)

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