22-07-2016 01:13 PM
I have a health insurance, but my insurance company is being acquired by another company. Do I need to get a new policy now?
26-07-2016 04:03 PM
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.
27-07-2016 01:29 PM
I think the acquisition will not affect your policy. The acquiring company may provide you with more benefits in future.
17-02-2022 06:26 PM
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