Planning to buy Health Insurance for self and family is a great decision. It shows that you are smart and committed towards your family. Taking Health Insurance is also considered as future financial planning as you are avoiding unforeseen cost which may come in future due to exigencies and the cost can be large enough.
However, many of us are confused whether to declare our pre-existing diseases or not. We think if we declare, we have to undergo medical tests prior to policy issuance. Some of us think our policy might get declined. Others think our premium will go drastically up. In all scenarios, we convince ourselves that “why to declare all these”, let’s ignore/ hide our pre-existing diseases. Nothing will happen and no one will come to know if we hide all such things is our general perception.
Few insurance advisors also mislead and guide customers not to declare pre-existing diseases to sell policies at low premium to their customers.
In all these scenarios, if a claim comes in future and gets declined, we blame the insurance company or the policy. But the main culprit is our decision to hide such facts.
If you have diabetes or blood pressure or any existing disease, you can still take health insurance and also take pre-existing diseases cover. The pre-existing diseases can be covered either after one year or after two years or after three years. It is you who have to decide when you want to start the coverage of pre-existing diseases. In case you want to cover it immediately or after a year, your premium will definitely go up but your risk coverage will be taken care and chances of claim rejection will be minimal.
In short, you are taking health insurance for those rainy days. So be doubly sure that you have all coverage in place and minimal chance of claim rejection by covering your pre-existing diseases.
