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Monday, June 6, 2011

New India announces Policy Portability across countries

While we in India await Health Insurance portability across companies, New India Assurance has started health insurance portability across Oman and India. Policyholders who have a New India Policy in Oman under the family health scheme or group health scheme can now seamlessly enrol in a New India health policy when they return to India, without any preconditions. This would be helpful to a large section of NRIs stationed in Oman when they return, especially for the older set. As of now, we do not know if the reverse holds: that is a New India Assurance health policy holder being able to get insured through the company's policy in Oman under the same set of conditions.

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