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Frequent Contributor
hayat
Posts: 106
Registered: ‎22-03-2016

I am paying health insurance through my company.

I am paying health insurance through my company. Can I continue with the same insurance policy even when I switch company or should I get the new one?

2 REPLIES 2
Contributor
sindian
Posts: 50
Registered: ‎31-03-2016

Re: I am paying health insurance through my company.

no, you cannot continue with the same insurance policy when you switch your company. You can continue with that policy till you resign from that company. You need to take a fresh policy from your new company

Frequent Contributor
reji
Posts: 114
Registered: ‎26-07-2016

Re: I am paying health insurance through my company.

In India,
Group Health Insurance - to be taken by the Group (Mostly Employees of the Company, and their family members) - Employer Provided Insurance
Policy Holder(Proposer): Employer (Company)
Insured Persons : Employees (workers)
Retail Health Insurance - to be taken by Individuals or Family
Policy Holder(Proposer): You
Insured Persons : Yourself or your family members
Unlike the retail policies, Group policies Issued as a single policy can not be renewed if you switch over to another company. You can include your name in the Group policy of New Company if they are having the policy. (Tailor Made Policies - Modified Terms and conditions)
In some exceptional cases, if policies were issued separately for all employees, these policies can be renewed out of the 1st company also. ( Standard Terms and conditions - Not Tailor Made)