Migration of Health Insurance Policy

"Health insurance migration refers to switching from one health insurance policy to another within the same insurer. For example, if you have a floater health plan for individuals and want to switch to a family floater plan, or if you are going to upgrade from basic coverage to a broader strategy, you can do so by migration."

"The primary benefit of migration is preserving continuity benefits, such as the waiting period for pre-existing conditions and the accumulated no-claim bonus."

"The Insurance Regulatory and Development Authority of India (IRDAI) defines migration as a change in health insurance policy from: Switching from one plan to another within the same insurer (with or without enhancement in coverage). An individual policy to a family floater policy, or vice versa."

Health insurance migration enables policyholders to switch from one health insurance policy to another within the same insurance company without losing accumulated benefits such as waiting period exemptions and cumulative no-claim bonuses. The Insurance Regulatory and Development Authority of India defines migration as changing policies with or without coverage enhancement, including transitions between individual and family floater plans. Policyholders migrate for various reasons including changing medical needs requiring higher coverage, adding family members, dissatisfaction with current policy features, or seeking better hospital networks. Migration preserves continuity benefits that would otherwise be lost when switching to a different insurer, making it an advantageous option for those needing policy adjustments.

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