New Delhi, April 26 -- I have been with the same health insurance company for six years. I am not satisfied with their service and want to switch to another insurer. I am worried that if I switch, I will lose the waiting period benefits I have already served, including for my pre-existing conditions. Is there a way to port my policy without starting the waiting period all over again?

Yes, you can switch health insurers through the portability facility mandated by the Insurance Regulatory and Development Authority of India (Irdai). Portability allows you to transfer your accrued waiting period credits to a new insurer, including the waiting period already served for pre-existing conditions. The new insurer is required to give you credit f...