The Insurance Regulator has been mulling portability in medical and car insurance policies to empower the policy holders and this might be a reality in the nest six months and an answer to the inefficient and deficient service provided by various general insurance companies!
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As you are aware of the fact that vehicle owners and individuals take insurance policies with the insurance companies and most of the policy holders are not very happy with the respective insurance companies with their service.Under the proposed system it would be possible for policyholders to change their respective companies on the same policy.In efffect it would bring more pressure on companies to serve the policyholders better.Hope I have clarified.
