Portability
A plain-English definition from the DeployIT insurance technology glossary.
In short: The IRDAI-enabled right to switch health insurers while carrying forward waiting-period credits.
Related terms
- Waiting Period
- The time after policy start during which specified conditions or treatments aren't covered (initial, disease-specific and PED waiting periods).
- PED (Pre-Existing Disease)
- A condition diagnosed or treated before policy purchase.
See it in practice
See this concept working in software
DeployIT puts quoting, issuance, renewals, claims and commissions on one platform built for Indian insurance distribution.