Dos

• When you buy a health insurance policy you should:
• Know that there are restrictions on coverage
• Pay special attention to terms and conditions in the policy like:
• The clause excluding pre-existing diseases
• Waiting period before certain diseases can be covered
• Restrictions or limits on various expenses relating to hospitalisation
• Co-payment, which means you have to share a part of the claim
• Pre-conditions for renewal
• Upper limits for age at entry and for renewal
• Disclose details of all pre-existing health problems including -Major ailments and conditions like high blood pressure or diabetes
• The company may want medical test reports depending on age at entry, you should comply with all procedures and documentation requirements
• Check where and how the medical tests will be carried out
• Check who should bear the cost for the tests
• Pay the premium only after the insurer accepts your proposal
• Renew the policy meticulously for the rest of your life

Don'ts

• Conceal facts or you could face a dispute at the time of a claim
• Allow a gap of even one day in your policy renewal or your cover may be insufficient or useless
• Do not sign a blank proposal form or leave any portion unanswered

Source: IRDA

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