Taking health insurance is a good option to avoid costly medical bills. We are more cautious and think twice when it comes to health related issues, so read here what are the mistakes you should not make while taking health insurance.
In the era of expensive treatment, it is very important that you have enough money but most of the people in the country do not have money for expensive treatment and hence taking health insurance is a good option to avoid huge medical bills and rising medical inflation rate . . But sometimes we make some mistakes while taking insurance. Today we are going to tell you what are the mistakes you should not make while taking health insurance.
Share all information
Just like we do not hide your case from both doctor and lawyer, share all the information with whom you are taking insurance. If you have any ailments or ailments, do share them with the insurance provider so that they do not hide any information about medical issues, ailments or diseases.
You must inform your insurance provider about your past surgeries, existing diseases, medical history etc. If you do not give accurate details, the insurer may deny any claim made for diseases or ailments which were not disclosed at the time of purchasing the insurance.
Check Policy Term
Most of the buyers ignore the policy terms like sub-limits, deductibles and co-pays, which takes a lot of time to understand the working principles of insurance. While buying insurance, do check all the policy clauses and documents.
Every policy has different features like waiting period, maternity cover etc. Hence, being aware of the terms and conditions of the policy helps you avoid any claim related hassles.
Buy Top-up Policy
To avail higher coverage, most of the buyers go for higher sum assured and pay higher premium . Instead, you can opt for a top-up health insurance policy. Top-up health insurance policies are suitable for both individual and family health insurance plans.
Some top-up plans provide coverage of up to Rs 1 crore. The premium paid to avail the policy is also exempt from income tax under section 80D of the Income Tax Act, 1961.
Don’t miss out on the benefits of add-ons
Add-ons in health insurance such as cancer cover, critical illness cover, maternity cover , waiting period waiver, personal accident cover, etc., are optional covers offered with the policy. Many of these policies will be extremely helpful in dealing with huge medical bills.
The insured can avail the benefits of add-ons by paying an additional premium. Such add-ons will strengthen your policy coverage and provide an additional financial shield.
