5 Mistakes to Avoid When Choosing Health Insurance
1. Not disclosing medical history
Hiding health problems or previous conditions can lead to claim rejection or cancellation of your policy. Always provide accurate medical disclosures.
2. Choosing insufficient coverage
Opting for a low sum insured or a basic cover may not be enough to handle high medical costs or cover family members’ various needs.
Most policies have waiting periods for pre-existing diseases or certain treatments. Not reading the fine print or understanding exclusions leads to surprises.
3. Ignoring waiting period clauses and exclusions
4.Focusing only on the lowest premium
Picking a plan just because its premium is low can mean reduced benefits, more exclusions, or higher out-of-pocket expenses.
5. Not checking network hospitals and cashless facilities
Failing to verify the insurer’s hospital network can result in limited access to cashless treatment during emergencies.