New Delhi, May 31 -- Health insurance portability allows insurance customers to shift from existing company to another with better benefits without losing most accumulated renewal benefits, according to a Paizabazaar report. Thus, policyholders who are due for a renewal are in prime position to avail health insurance portability to leverage change or upgrade in benefits for their existing insurance policy through portability.

Health insurance portability is the process of moving from your existing insurance policy from one provider to another without losing accrued benefits such as free medical check-up, no claim bonus (NCB) or waiting period credit, the report added.

This is helpful for policyholders to negotiate better or improved ser...