Now Health Insurance Portability – Customers are king now

by khalid on 17/02/2011 · 0 comments

The Insurance Regulatory and Development Authority (IRDA) proposes to allow the costumers of Health Insurance Schemes to switch over the insurance providers just like Mobile Number portability which already started by Telecom Regulatory Authority of India (TRAI) recently and customers feeling not to bound with a single service provider even not satisfied with its services. Now the Health Insurance Schemes takers too will be able to switch over the insurance provider with the present terms and conditions, if not satisfied by their services. This scheme is going to implemented from 1st July 2011. The insurance regulator has said that health insurers should allow policyholders to transfer credit when it comes to the waiting period for pre-existing illnesses and bonus sum insured from one company to another.

This is a good movement for the customers. The insurance providers will compete to give better service to customers so that they won’t lose the existing customers and also could get new customers from other insurance providers which give a poor service. This is happened in mobile service also, the mobile phone service providers are now giving a better service than earlier.

Health Insurance companies will pay more attention towards their customers from nowon. To let their users not go away companies will start add more new products. This is a good movement and this will help the insurers to get best service and the insurance providers will provide quality service to its customers.

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