The document is a portability consent form for an insurance applicant. It summarizes that the applicant understands their current insurer must provide details before the new policy is accepted, and if there is a delay the new insurer may modify or cancel coverage based on any variances found. It also states that if the application was submitted less than 45 days before the current policy expires, there may be a break in coverage that the new insurer is not liable for. The acceptance of the new policy is subject to underwriting and potential medical tests. The applicant agrees to extend their current policy if the new application is rejected to ensure no lapse in coverage.
The document is a portability consent form for an insurance applicant. It summarizes that the applicant understands their current insurer must provide details before the new policy is accepted, and if there is a delay the new insurer may modify or cancel coverage based on any variances found. It also states that if the application was submitted less than 45 days before the current policy expires, there may be a break in coverage that the new insurer is not liable for. The acceptance of the new policy is subject to underwriting and potential medical tests. The applicant agrees to extend their current policy if the new application is rejected to ensure no lapse in coverage.
The document is a portability consent form for an insurance applicant. It summarizes that the applicant understands their current insurer must provide details before the new policy is accepted, and if there is a delay the new insurer may modify or cancel coverage based on any variances found. It also states that if the application was submitted less than 45 days before the current policy expires, there may be a break in coverage that the new insurer is not liable for. The acceptance of the new policy is subject to underwriting and potential medical tests. The applicant agrees to extend their current policy if the new application is rejected to ensure no lapse in coverage.
I understand that my application for portability is being processed and some details are being sought from my current Insurer prior to acceptance of proposed risk. In absence of receipt of the same before expiry of my existing policy, I authorize CignaTTK Health Insurance Company Limited to process my application based on the information furnished along with the supporting documents provided herein. However, if any variance is subsequently found, CignaTTK Health Insurance Company Limited shall at its discretion cancel/ modify my coverage through appropriate endorsement and/or take these into consideration while adjudicating any claims under this policy. I understand that application for Portability to Cigna TTK Health Insurance Company Limited is to be made at least 45 days before the policy renewal date of current insurance policy. As in this case, the application has been submitted to CignaTTK Health Insurance Company Limited at a date much closer to the expiry date of my current policy, there may be a break in the insurance. Cigna TTK Health Insurance Company Limited is not liable to settle any claim which may arise during such break. Acceptance of coverage under Pro Health Insurance will be subject to the Companys Underwriting policy including Pre Policy Medical Tests (if any). I also understand that I can extend my existing policy with current insurer to ensure that there is no break in coverage and shall intimate the same in writing to CignaTTK Health Insurance Company Limited in case of no written communication regarding acceptance of proposed risk on or before expiry of my existing policy. I am fully aware that in the event of this Portability Proposal being rejected due to any of the above reasons, the insurance cover may cease if the grace period for renewal has lapsed. In such a situation all continuity benefits shall cease. I am also fully aware that in the event of any Misrepresentation/ Fraud/ Non- disclosure of material facts discovered post issued of the policy through the IRDA Portability Portal or through the information received from the previous Insurer; the existing enforced policy will be cancelled and the premium under the policy will be forfeited.