LIC has introduced Agent Portability. But the agent portability is currently only applicable to LIC Orphan policies. What is an "Orphan policy"? The policies initially effected by an individual agent, whose services were subsequently terminated or removed from LIC, are … [Read more...] about LIC’s Agent Portability : How to change your LIC Agent?
An individual, who has bought a plan at any of LIC's international offices, can ask for a transfer of the policy when he decides to permanently return to India. The overseas bought policies are repatriable to any of the 2,048 branches of LIC of India, once the customer returns to … [Read more...] about How NRIs can transfer/port Overseas LIC policies to LIC India?
Step 1 A policyholder, who wants to port his policy to another insurance company, shall have to approach to new insurance company at least 45 days before the premium renewal date of his/her existing policy with old insurer, to enable the new company consider his application. … [Read more...] about Health Insurance Portability : Simple 5 Steps to port your policy to new insurer
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 … [Read more...] about IRDA postponed implementation of health insurance portability to October 1, 2011
As per Insurance Regulatory and Development Authority (IRDA) latest press release, health insurance policy holders will soon have the choice to switch over from one company to another company under the new portability option. The move is expected to increase quality of services … [Read more...] about 'Portability of Health Insurance' now reality