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Why Is It Important to be Honest When Buying Health Insurance?

Posted On : 29 May 2023, 10 Months Ago. Health-Insurance

Since the COVID-19 has wreaked havoc in our lives, people have been taking extra good care of their health. The times are uncertain, and the prediction of the future has become impossible. Financial problems have ensued for all of us because of a pandemic. Medical expenses and treatment can cause an entire load of money. It is essential and beneficial for you to buy health insurance to deal with this burden. But it is equally necessary to know everything about any policy before you buy any kind of health insurance. You should choose a plan that fits all your requirements and gives you benefits.

 

When you've chosen insurance that works best for you and your family, you should be completely honest with your insurer if looking for a family pack. It is rightfully said that you should never lie to your doctor, and the same goes for when you're getting your health insurance. Always remember to fill in all the details and correct information. Details such as your age, health, pre-existing diseases, treatment, lifestyle, and other important factors should be told and mentioned truthfully.

 

Health insurance is like a coverage plan that covers all your medical expenses. These expenses include hospitalisation costs, consultation fees, cost of medicine, etc. Many health insurances also offer maternity benefits and provide coverage for a newborn baby too.

 

Health insurance plans are one of the critical investments one can make. Any primary treatment can put a considerable financial strain, and flip all your financial planning. But having a well-chosen health insurance plan can help a lot. 

 

What Can Happen If You Lie or Omit Information from your Health Insurer?

Let's say you have hypertension and choose not to inform your insurer before purchasing a health insurance coverage. And then you're admitted to the hospital because of your hypertension. The insurer denies the claim, stating that the policyholder never disclosed the ailment while purchasing health insurance.

 

This will lead to monetary losses when a premium is paid and recorded in your history. This will make the insurance null and void. Thus, be truthful with your health insurer when giving out details about all your medical ailments.

 

Buying a Health Insurance Plan

You can easily compare and choose the best health insurance and buy it for you and your family. If you are planning to buy a health insurance plan, here are a few things to keep in mind:

 

1. Focus on your Requirement

There are many health insurance benefits, but what works best for you? There are a few things to ask yourself before buying a health insurance plan:

 

  • Pre-existing diseases
  • Maternity and childbirth coverage
  • Availability of abroad treatment
  • Kind of coverage you need
  • Number of members in your family 

 

2. Hospitalisation Process

Many health insurance companies have tied up with major hospitals to provide a smooth process while claiming health insurance. Check the hospitals and cashless networks beforehand. 

 

3. Check for the Best Coverage

There are five major things to focus on:

 

 

To purchase health insurance online, fill in the required details for a health insurance plan. Add the amount that you need. Be it for critical insurance or mediclaim insurance. Use an online health insurance premium calculator. This health insurance premium will be based on age, gender, chosen coverage, etc. 

 

Things to Keep in Mind While Getting a Health Insurance

 

Before buying health insurance, there are several things you should keep in mind

1. Always mention your pre-existing health conditions. Hide nothing from your insurer. This might increase your health insurance premium, but if you hide your conditions, this can go on your record as fraudulent suppression of medical conditions. This will lead you to get rejected for any future alternative.

 

2. The documents of health insurance are extensive and can seem daunting. You must be aware of every condition, like room rent, the ratio of deductions, waiting periods, co-payments, and coverages. With the rapidly changing world to digital, you can easily read all the terms and conditions on the website of the insurers and companies.

 

Conclusion

It is important while buying health insurance to make sure you get the best health insurance plan for yourself and your family. It will help in choosing the best health insurance and calculating coverage. Buying health insurance online is easy. You can easily read through the requirements and fill-up the form. Carefully read about the documents required before buying health insurance and choose a plan that works best for you. Check Niva Bupa's best health insurance plans.

 

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Secure your health with comprehensive insurance plans from Nivabupa

Tell us a bit about you

Whom are you buying for ?
Myself Icon Individual
Wife Icon Husband & Wife
Family Icon Family
Enter valid name
Enter Valid DOB
OTP sent Resend OTP
otp icon
OTP Expires in
I authorize Niva Bupa to call me. This will override your existing registry in DNCR. I want to get my quote and policy details on WhatsApp.
FIND MY PLAN