Insurance Regulatory and Development Authority (IRDA) has postponed the implementation of health insurance portability to October 1, 2011.
Earlier, IRDA had announced that it would implement health insurance portability from July 1, which would allow customers to shift from one insurance company to another while retaining the policy.
IRDA is working on providing a web-enabled facility for the insurers to feed in all relevant details on health insurance policies issued by them to individuals, which will be accessed by the new company to which a policyholder wishes to port his policy.
Such a system will enable the new insurer to obtain efficiently data on history of health insurance of the policyholder wishing to port. Such a facility is necessary to enable the smooth running of the system.
Source – irda.gov.in