Why you should never lie about your Health details while buying Health Insurance?

Insurance is one such service sector that has witnessed tremendous growth in the last few years. A good number of people have started opting for some or the other insurance policy as on date. Out of the many insurance policies that are available in the market one particular policy that has been successful in attracting a large number of people out there is none other than health insurance. Health insurance happens to be one such policy that has a good number of dimensions attached to it.

It is a known fact that insurance service providers tend to take into consideration a number of parameters before deciding upon the premium amount that is payable by the insured. Furthermore, at the time when the claim is made by the policyholder once again a number of aspects are highlighted in order to ensure that the end result is nothing, but a fair claim. However, one mistake that a large number of people end up doing is that they fail to divulge all the necessary details. Moreover, there are loopholes in the information provided by them. In reality, this ends up becoming detrimental in the interest of both the insurance service provider as well as the policyholder. Hence, in order to clear this particular element in further depth we will be discussing some points that will help you to be upfront with your insurance service provider, next time when you decide to get yourself a health insurance policy.

Many people are of the opinion that if they are successful in fooling the insurance service provider by divulging only part of their health details and a policy agreement is made, then in no case the insurance service provider can deny the claim. However, this is nothing, but an ignorance filled misconception. The fact still remains that if you manage to get yourself a health insurance policy by hiding the health complexities that are associated with you and if a medical emergency arises and at the same time the hidden information comes to the notice of your insurance service provider, then in that case your insurance service provider can have an absolute right to deny your claim on the grounds of insufficient information provision. Hence, at a very basic level this is one very crucial reason that pushes you against hiding or lying about your health details while applying for health insurance.

Furthermore, an insurance service provider is known to play a central role in assisting you in times of crisis. At a very broad level, an insurance agreement tends to involve nothing, but a good amount of trust. Hence, as a policyholder it becomes your moral duty to be honest to your insurance service provider and avoid misguiding them. If you end up doing something like that, then in that case you will be shunning away the trust element that is involved in your agreement, thus bringing down the overall essence of an insurance policy. Moreover, this can be counted as another vital reason that is believed to motivate individuals to give away all the correct information in the long run. All said and done, we can simply conclude that hiding information and lying about your health details while applying for health insurance is nothing, but an extremely bad idea.

Apply & Compare the best Health Insurance plans in India. Get Free Health Insurance Quotes

5 Things You Must Consider When Buying Health Insurance For Senior Citizens

If your parents have been without an insurance plan, then you must look for an appropriate Health Insurance cover immediately. Though there are limited options available in the market, you can still get a decent…

Gift your parents a senior citizen health insurance plan this Diwali

Gift your parents a senior citizen health insurance plan

This Diwali Avail the best way to take care of your parents. Your families health comes first, tax saving is just a bonus. Let insurance companies take care of your families hospital & medical bills….


Why Health Insurance is no more just an option

The great irony of healthcare in India is that while the country is renowned as a low-cost destination for health treatment by foreigners; the citizens are increasingly complaining about the rising medical expenses. So, while…


Common medical insurance mistakes & steps to correct them

Listed below are some frequently committed grave errors while choosing a health insurance policy and ways to overcome them. 1. Concentrating only on the premium amount and deductible 2. Blindly deciding to buy what a…


Getting married? Get these must-have insurance covers

IF you are getting married now, it is quite possible that you and your spouse are young. Much of your working life lies ahead of you, and, therefore, you may have a long way to…

Health Expenses after Retirement

How will you deal with Health Expenses after Retirement?

Try and recall the fondest memories of the first job you had. Yes, that job when you were in your twenties and was eager to impress the boss for even a small pay cheque or…

health insurance status

Status of Health Insurance in India – Online Research Report

We have analysed more than 29,000 responses from users of this tool on our website www.policyadvisor.in to gather some insights about the proportion of users looking to buy health insurance or those looking to revise…


ICICI Prudential – Easy Retirement Insurance Plan

We all wish to pursue a good life after the retirement. This we look forward to purchased such a pension plan which can help us spend a financially sound life even after we stop working….


Accident cover – Why you should have one

It’s a fact that to cover the risk of death we have life insurance policy and to take care of the hospitalization expenses there is health insurance policy. Nearly all of us are familiar with…


Why every woman should have a health insurance policy

A woman holds an important role in her home. In India, the government and society give importance to education for every girl child to ensure that they take up a career that will provide them…

Be the first to comment on "Why every woman should have a health insurance policy"

Leave a comment