Today, CORONA has captured our minds and many of us are now thinking about our health seriously. What matters now is to have a healthy life. While health insurance plays an important role in keeping us covered from hefty medical expenses, there are many myths about health insurance.

Too much information, too many myths!

While there are too many websites with too much information about insurance products, people actually get confused while going through them. And then there are friends, relatives, and office colleagues who share about their plans which they have bought.

So, rather sharing about plans, we want to bust some of the myths about health insurance!

Myth #1 I am healthy and young. I don’t need health insurance

Do you know, in the current situation many young people are facing challenges because they are not covered by a comprehensive health cover? Also, like the current COVID-19 situation, you never know when there might be an outbreak that will catch you off-guard.

Myth #2 I am covered by my company group policy so I don’t need to buy a separate cover

Once you leave the company, your health insurance is no longer useful to you. Also, if you are between jobs, and your health gets affected it would be even worse.

Your personal health insurance policy rules out any such possibility.

Myth #3 I need to be hospitalised for 24 hours before I claim health insurance

Today, there are many medical treatments which are completed in a day and may not result in 24 hours hospitalization. If you have a good health insurance policy, you can claim expenses based on the nature of your treatment. For details about insurance on such policies, please contact us to get a personalised consultation.

Myth #4 All my expenses are fully covered in health insurance

Different health insurance plans cover different types of expenses and an exhaustive list is difficult to create. In general, your plan will have a top limit on how much you can claim. It is normally linked to your premium and there are other factors involved. It is best to read the policy document before you buy health insurance.

Myth #5 Claim Processing takes too long

It is a wide-spread myth. If your insurance advisor is good, then your documents can be processed quickly. When your documents are clear – bills, doctor’s reports etc. your claim can be processed in a matter of days.

Myth #6 Health insurance is expensive

Another common myth is that health insurance is expensive. Compared to the cost of hospital bills, medical insurance is not expensive! You need to check the expenses covered against the premium to get the real cost you are paying. Also, many companies actually offer you double coverage as a reward once your 1st / 2nd year is complete.

Myth #7 Room Rent and ambulance charges are not covered completely

There are many policies which cover room rents and other small expenses. Depending on which policy you choose, there are different options covered. You can check the details by going through policy documents carefully. If you need any personal consultation then

please feel free to contact us. We sincerely hope that you are now able to clear a few doubts about your health insurance. If you still have more doubts, please feel free to contact us here! We are just a call away!