BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1 April, 2011
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1 August, 2011
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1 September, 2011
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1 July, 2011
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Detailed explanation-1: -Process of porting a Health Insurance Policy Once the new insurance company gets all the details, it has to take a decision about underwriting the insurance policy within 15 days.
Detailed explanation-2: -A policyholder desirous of porting his/her policy to another insurance company shall apply to such insurance company to port the entire policy along with all the members of the family, if any, at least 45 days before, but not earlier than 60 days from the premium renewal date of his/ her existing policy.
Detailed explanation-3: -According to IRDAI guidelines, a portability request should be made at least 45 days before the date of renewal of current policy. If there is a delay, the new insurer can refuse to accept your application.