Senior citizens in India are increasingly opting to port their health insurance policies in search of better benefits, affordability, and enhanced coverage, according to recent industry trends. Insurers report a noticeable rise in portability requests from policyholders aged 60 and above, many of whom are dissatisfied with high premiums, suboptimal service, or limited coverage under existing plans.
Portability allows individuals to switch to another insurer without losing continuity benefits such as waiting periods for pre-existing diseases. With rising medical costs and age-related health issues, senior citizens are actively seeking policies with lifelong renewability, lower co-pay clauses, and broader disease coverage.
Experts attribute this shift to growing awareness about rights under IRDAI’s portability norms and the improved digital ease of transferring policies. The move also reflects a maturing insurance market where customer-centric innovations are becoming critical to retaining older policyholders who face unique healthcare needs and financial constraints in retirement.
