Our compliments to IRDA for bringing this change.
In case any one of you faces any difficulty please inform us or comment on this blog so that it can be taken up with concerned authorities/Insurance Companies.
We feel with a view to fulfill 45 days condition Insurance Companies should start issuing renewal notice 60 days in advance, because only then the customer can fulfill the procedural requirement.
It is then that customer can make up his mind for portability and submit the following
(a) Portability Form
(b) Portability Form
To new insurance company.
We feel Insurance companies should set up the system to issue receipt so that client can use it for reference. A clarification 15 is calendar days or 15 working days will be appreciated. We assume it is 15 calendar days.
