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Contributor
rizvan
Posts: 49
Registered: ‎31-03-2016

Do I need to purchase a new health policy if my insurance company is getting acquired by another

I have a health insurance, but my insurance company is being acquired by another company. Do I need to get a new policy now?

3 REPLIES 3
Frequent Contributor
reji
Posts: 114
Registered: ‎26-07-2016

Re: Do I need to purchase a new health policy if my insurance company is getting acquired by another

No, you don’t need a new policy. As per IRDA, the acquiring company has to honor the renewals of the customers of the acquired company. 

Contributor
dasu
Posts: 50
Registered: ‎31-03-2016

Re: Do I need to purchase a new health policy if my insurance company is getting acquired by another

I think the acquisition will not affect your policy. The acquiring company may provide you with more benefits in future.

Regular Contributor
Arti
Posts: 199
Registered: ‎30-08-2021

Re: Do I need to purchase a new health policy if my insurance company is getting acquired by another

Dear Sir , 

 

No , you do not have  to purchase a new health policy if my insurance company is getting acquired by another. The exsiting insurence will be renwed with continued benefits under New Insurence company