Health Insurance: Dos And Don’ts Uncovered


To lead a healthy life, you not only need to live an active life but also supplement with a nutrition-rich diet. While these are some parts of your lifestyle that you can control, it is not always you can keep it in check. Medical emergencies are uncertain and come unannounced. This is when buying a health insurance policy comes handy.

What is health insurance?

Health insurance plans help you secure the finances when it comes to availing medical treatment further helping you to reduce the burden. Moreover, these treatments can be financially strenuous. So why not opt for a safety net at a nominal price?

Let us look at some of the dos and don’ts that you should remember when buying a health insurance plan.

Dos about health insurance plans

Invest in health insurance plans is similar to pooling your hard-earned money. Thus, it is necessary you keep in mind the following recommendations.

#1 Understand your needs

The first and foremost consideration is your requirement when buying a health insurance policy. Remember to account for the various needs that you are looking to opt for. Not giving due consideration to your requirements can result in you purchasing a policy without it providing any benefits.

#2 Due diligence

Due diligence is an essential part when buying a health cover. You simply cannot find a suitable policy without researching and doing your homework. It involves checking the various features like coverage, benefits, premium and more. Make sure you check the necessary features before buying a policy.

#3 Purchase a suitable policy

Once you determine your policy requirements, you can select a policy that checks all the right boxes. Select a policy that not only provides hospitalisation expenses, but also additional, yet essential services like ambulance, daycare facilities, health checkup facility and more. When buying a critical illness insurance cover, these additional features can be of great aid.

#4 Look for add-on riders

While your insurance cover has an exhaustive coverage, you can further increase its scope using additional features known as riders. So whenever you purchase an insurance policy, ensure you can opt for riders as per requirement.

Don’ts about health insurance plans

Now that you know the must-have features to look for, let us some of the don’ts as well.

#1 Never buy a policy without understanding it

It is advisable you don’t purchase a policy solely based on the suggestion or recommendation of your family and friends. Every individual’s requirements differ and you should select a plan that ticks all your needs.

#2 Do not lie or hide information from your insurer

Individuals often misinform or hide information about their past illness or existing medical conditions to save premiums. It can get them a lower premium for their policy but may lead to rejection at the time of claim. It is particularly observed in the case of pre-existing ailments.

#3 Avoid delays in policy renewal

Any delay in your policy renewal can result in loss of policy benefits. The expired policy does not provide any coverage, even during the grace period.

Remember these dos and don’ts and make a favourable purchase that will benefit you in the long run.

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