Health Insurance: Despite being very important, this policy should not be bought without thinking.
Health insurance: Due to increasing health expenses, health insurance is becoming increasingly popular. Talking about the current era, huge expenditure is being incurred in the treatment of corona infection, due to which the need for health insurance has increased. Their sales have increased not only in big cities but also in small towns.
Now people are accepting that it is very good to have a better health insurance plan to deal with the increasing health expenses. Although health insurance is very important, this policy should not be bought without thinking. Apart from this, one should not make mistakes like hiding medical history or relying on the health plan of the company.
Avoid these mistakes while buying health insurance
- Not disclosing complete details about their medical history: Many people avoid disclosing problems like diabetes or BP while buying a health insurance policy as they feel that it may lead to rejection of their policy or lead to higher premiums Is. However, if you have taken health insurance premium by hiding medical history, then the insurance company can reject the claim.
- Treating all health policies the same: There are many types of health policies available in the market such as Staple health plan, Accident policy or Special Corona Kavach policy for critical illness like Corona. The terms of every policy are different, coverage is different. In such a situation, before choosing any plan, one should definitely read about its benefits.
- Buying more policies than necessary: Some people take multiple health policies and buy riders on it for more coverage. In such a situation, a major part of their income is spent in paying its premium. Do not make this mistake because it affects the current financial situation. Buying an insurance plan beyond a limit should be avoided.
- Clear every misconception about health insurance, keep these things in mind while taking health cover
- Dependence only on the health plan of the company: There are some people who feel that since they have got health insurance cover from the company, there is no need to buy a separate policy. However, such a mistake should not be made because this cover is available only as long as you are an employee of the company. As soon as you leave the company, you are not left with any health cover. In such a situation, there should be a separate health policy so that you always have health cover.
- Opting for co-pay: While taking health insurance, insurance companies offer the facility of co-pay by giving a small discount in the premium. In this situation, the policyholder has to pay some percentage of the expenses himself at the time of claim. This mistake should be avoided as the premium discounted is very less as compared to the payment made at the time of claim.
- Claiming for minor expenses: The health insurance policy should not be used for day-to-day medical and medical expenses. No claim bonus is available at the time of renewal of health policy for repeated claims. This bonus percentage gets added every year in which the claim is not taken and the discount goes up to 50% of the premium.
