Thread by @joinditto

How can you migrate from corporate to individual health #insurance? 🧵 (1/n)

When we talk about perks for salaried employees, corporate health insurance surely tops the list.

After all, your employer pays your premiums & you enjoy the benefits.

But imagine quitting your job...

That means bidding goodbye to your corporate health insurance benefits as well...Or does it?

Well, there’s still a way to enjoy them- by converting your corporate insurance into an individual health plan.

As per India’s Insurance regulator IRDAI’s guidelines, individuals covered under any group insurance policy have the right to migrate from their group policy to an individual one.

The catch? Well, the individual health policy must be taken with the same insurer.

And good news- you won’t have to start from scratch. The no or minimal waiting period you enjoyed under group insurance would be carried over to your new policy as well.

So, how do you make the jump?

1) Well, start by informing the group insurance company at least 30-45 days before your last date of employment.

2) Select an appropriate health insurance policy and fill out the health insurance portability form with your current insurer.

3) Keep ready documents like existing group policy, medical history, etc. The insurer might also ask for pre-medical checkup reports.

4) After your application is processed with all the terms and conditions in place, you can go ahead and pay your first premium.

Voila, you have an individual policy now!

And BTW, if you need any help with selecting that new health policy, talk to us for free and you’ll have the best insurance advisors at your fingertips- bit.ly/3DF3ZtE