Portability in health insurance is difficult if you have a disease

Here are some lessons for policyholders in case of medical insurance, where it is already allowed

The Insurance Regulatory and Development Authority of India (Irdai) is planning to permit portability in life insurance, say recent reports. However, in health insurance, where portability has been around since July 2011, moving from one insurer to another hasn't been easy and riddled with hurdles.  

People want to port their policies for a number of reasons. One, they may not be happy with the features of their existing product. “New products have come into the market that offer superior features. They don't have a cap on room rent. They cover day care procedures. The newer players may also be