Health Insurance Claim: It is very important to give correct information related to your health while taking health insurance policy. If for some reason you are not able to tell the insurance company about your existing diseases, then definitely give it to the company at the time of free look period and renewal of the policy. So that your claim is not rejected in future.
Mumbai. In today’s era, it is very important to have health insurance. Because at the time of medical emergency, the expenses incurred during the treatment are paid through the health policy. It is very important to keep some things in mind while taking health insurance, the most important of which is to give correct information about your current health to the insurance company. In fact, if you are already suffering from any disease, then the company will give you medical protection by charging additional premium on the health insurance policy. But if you forget to tell about your diseases to the insurance company knowingly or unknowingly, then your application can be rejected at the time of claim, as well as can cancel the policy.
In such a situation, it is very important to give correct information related to your health while taking a health insurance policy. If for some reason you are unable to tell the insurance company about your existing diseases, then you can inform the insurance company about it in some ways so that your mediclaim is not rejected in future.
Correct your mistake during the free look period
You have not yet got over the 15-day free-look period (when you can return your policy) after purchasing a health insurance policy, so you can rectify your mistake as soon as possible. Parag Ved, President and Head, Tata-AIG General, says, ‘If the pre-existing disease is declared by the policyholder within the free-look period, the insurer has the power to underwrite the policy as per the applicable underwriting guidelines. There is an opportunity.
If you do not rectify your mistake in time, then the risk of cancellation of the policy increases in future. Your health policy can also be canceled due to giving wrong information or hiding important information. However, on the other hand, if you have been paying for a health insurance policy continuously for 8 years, then your policy cannot be canceled under the Moratorium Rules of the Insurance Regulatory and Development Authority.
Give information on renewal of policy
Since you have come to know about the risk associated with giving wrong information in the health insurance policy, the insured should rectify the mistake done earlier while renewing the policy.
However, after your declaration, it will depend on the insurance company whether to accept your application or not. After this, if the insurance company wants, it can decide to continue the health insurance cover, but can charge an additional premium for it. In such a situation, you should not cancel your health insurance policy, but give the correct information about the current disease to the insurance company so that there is no possibility of the claim being rejected in future.
