Yes, it is possible to change your insurer from one company to another through something called insurance porting. You can get the portability form from your existing insurer, fill it up and submit. Next, request the claim history form from your current insurance provider, which you can submit to the new insurer so that they get more idea about your risk profile. Check with the new insurer for any additional required documents and submit them. Benefits remain the same, but there may be changes in premium amount, claim processing time, and other coverages. Ensure to verify all these details with the new insurer before switching.