Just see the world with the holy heart

Do not make these mistakes while buying a health insurance policy

With growing health issues and equivalent increasing medical costs is a big concern for common man in India. Therefore it is essential to have a cheap and effective health insurance policy as nobody wants to fiddle with the health of near and dear ones.

Choosing a health insurance policy can be confusing and laborious. Hence, you may opt for professional help from an agent or an advisor. But these are some common mistakes that most people commit initially and end up messing their health insurance policy. So avoid these mistakes that are mentioned below:
  • Cheap is good: Low insurance policies are not always beneficial. This is because you may not know about hidden terms and limits. Also, they may exclude some essential benefits and features thus do not blindly search for low price policies.
  • Not considering different insurer: If you have an existing policy for a long time, then do not forget to consider another insurer. You may not know what all options may be available to you from other competitors of the company.
  • Relying on employer-provided health plan: Employer health policies are not always going to stay with you and your family, because you will lose the cover once you lose the job. So you may also maintain an alternate insurance cover which helps you when it matters.
  • Delay policy renewal: Procrastination can be a great enemy for your policy when it comes to renewal. Remember to renew your policy and maintain persistency.
  • Unnecessary claims: Many customers, once insured, make claims for petty health issues. Health insurance must be saved for serious health ailments and frequent unnecessary claims reduce your No claim bonus that you receive on your premium.
  • Under or over coverage: The idea is simple; you must have the appropriate coverage. Health insurance is a long-term financial decision, thus, you should spend ample time in deciding what coverage amount you should choose.
  • Overlooking the policy content: A common mistake, for most of the insurance types, is overlooking the small print and contents of the policy document. You must be certain about all the terms and make effort to read and understand them. If you try to find an easy way around, then you probably miss some really important term that may prove to be harmful for you later on.
  • Incomplete disclosure: every important detail of your medical history must be disclosed to the company. It is the way to remain true from your side and avoid disputes at the time of a claim.
Health insurance policy decisions are important and versatile, as there are many companies in the market and you may have little knowledge about a policy. HenceFind Article, you must avoid making these mistakes and look for a reliable company that offers you optimum customer service and insurance support. Do not forget to take financial advice and you are good to go in selecting the best health insurance policy for you and your family.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

Sneha Jaiswal, a blogger & literature fanatic. Loves doing analysis on any new financial product that comes into market and provides her views. She has written several articles focusing on health insurance, auto insurance, general insurance etc.

No comments:

Post a Comment

Hello (^-^)v

Search Here

Custom Search

Labels

accounting airline airplane airways alchemy alien android animal artist automotive baby beatle beauty betelguese blackjack business cancer car car insurance cartoon casino castle caterpillar celebrity cellophane celluloid century change cheap chess child china christmas city claim clinton coffee come from comment computer console cook cookies coral cosplay county credit cards cricket culture dating dead definition design diet disaster divers dofollow domain drive drug dwarf ear earthquake easy education effect egyptian elephants exchange link family fancy-free farming fashion fat finance fingerprint first installed first killed first plastic fish fitness flare flight flower follow your comment food footloose forex free gadget gambling games geology ghost gold goldfish golf Google gossip goverment great wall grow gypsies hair harvard hawaii head header health Healthy Life hear heavy metal herbal herbs himalaya historic sites historical history history of naruto hocus pocus hollywood hollywood sign home honeybee hormon hotels in hollywood how how long human body idea insect Inspire insurance introduced invented invest island japan japannesse jet jewelry job junk ken uston kids kitten knowledge konoha ninjas law Lawyer learn lego liberty bell lion loan logo love lyrics magician magnetic mail mammoth many market meal medical memoriam metal gallium metallica mining miracle mistery money mortgage mosquito mountain move murderer music Music Artist myth naruto history nature navigation neuron star new year news nike nobel prize not a sloution notification obama old olympic online online business orchid ornament other paid to click painite. gem painting party patent pendet dance people pet piranha pizza planet plant poem poker prediction presentation queen railway rare reborn recycle religion retouch river rockwalk romantic salmon scotch sea seat seating sell SEO Space sport star strange moment street study success people sunrise swoosh symbol tape tari pendet tax tea keep technology term tickets tips toothpick tour de france tourism tourist toy travel traveling children trend tsunami tusk twins usa uzumaki naruto vacation vegetable venus video visit Indonesia war water west what are wild wine wolly woman word work wright ಬ್ಲೂ ಚಿಪ್

Popular Posts

Copyright © Vision in memorial. All rights reserved. Template by CB