Health Insurance: Mistakes to avoid
Health Insurance guide: mistakes to avoid.
These are the errors we most often see. Avoiding them can save money and protect claims.
❌ Relying only on employer cover
Group cover stops when you leave the job — often when you are least able to qualify for a new policy.
❌ Choosing the cheapest premium
A low premium may hide a co-pay, a room-rent cap or heavy sub-limits that cost far more at claim time.
❌ Not disclosing medical history
Non-disclosure can lead to rejection or cancellation. Declare everything honestly.
❌ Buying too little cover
A ₹3–5 lakh policy can disappear in one major procedure in a metro hospital.
❌ Waiting until you are older
Premiums rise with age and conditions appear. Early purchase also starts the waiting-period clock sooner.
❌ Ignoring the exclusions list
Read the permanent exclusions and the list of treatments with sub-limits before you sign.
❌ Letting the policy lapse
A break in cover can restart waiting periods and lose the cumulative bonus. Renew within the grace period.