New Delhi, June 14 -- Planning smartly for the future and for unexpected situations is essential. Notably, when saving for your healthcare and related medical expenses, it is important to identify your goals, health status, family health history, and possible devaluation of assets due to inflation and other factors.

A health insurance policy is a good buffer in most cases and it's best to invest in one based on your specific individual and / or family needs. In any case, you don't have to feel stuck with a policy, and it is here where the options of portability or migration can be considered.

The migration and portability guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI), are applicable to all reta...