From getting insufficient coverage to failing to disclose all relevant information; here are some common mistakes we all have to avoid while purchasing our health insurance policy
Health insurance has become an integral part of our family finances. Rising medical costs and increased instances of lifestyle diseases have made health insurance a much-needed investment for all families.
But not many of us give enough thought to the nitty-gritty. Health insurance shopping happens mostly online and it could become exhaustive to compare 100s of health insurance policies available online. This results in us getting an unsuitable policy for our requirements or failing to include all necessary features that would work best for us and our family.
Health insurance is not a matter of individual needs; most of us would be buying a family floater policy, for it is more economical, and so you need to take every family member’s needs into consideration. This helps us in getting the right sum insured and additional riders that could enhance the benefits of the policy. The current Corona pandemic has also given us the much-needed motivation to secure our family’s health.
There are so many things that one has to consider while buying a health insurance policy; honestly, the list is quite long. So, instead of listing out what to do, we thought of listing the most important ‘what not to do’s. This article aims at eliciting the top 5 mistakes you should avoid while buying a health insurance policy.
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