Top 8 Myths Associated With Health Insurance: Debunked

The rise in the number of lifestyle-related diseases and increases in health care costs mean that health insurance is a must-have for all of us. Health insurance ensures that there is money for treatment when the need arises.

Read More

Policybazaar exclusive benefits
  • 30 minutes claim support*(In 120+ cities)
  • Relationship manager For every customer
  • 24*7 claims assistance In 30 mins. guaranteed*
  • Instant policy issuance No medical tests*

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Back
Find affordable plans with up to 25% Discount**
  • 1
  • 2
  • 3
  • 4

Who would you like to insure?

  • Previous step
    Continue
    By clicking on “Continue”, you agree to our Privacy Policy and Terms of use
    Previous step
    Continue

      Popular Cities

      Previous step
      Continue
      Previous step
      Continue

      Do you have an existing illness or medical history?

      This helps us find plans that cover your condition and avoid claim rejection

      Get updates on WhatsApp

      What is your existing illness?

      Select all that apply

      Previous step

      When did you recover from Covid-19?

      Some plans are available only after a certain time

      Previous step
      Advantages of
      entering a valid number
      valid-mobile-number
      You save time, money and effort,
      Our experts will help you choose the right plan in less than 20 minutes & save you upto 80% on your premium

      With health insurance comes peace of mind as your loved ones are protected. You can choose from a wide array of health insurance products available today to suit your needs. And you can keep taking advantage of your health insurance policy even when you are old by renewing the coverage on time. Additionally, health insurance can give you tax benefits under sections 80D and 80DD.

      However, several myths have come to be associated with health insurance. The myths have discouraged people from buying health insurance. Here, we bust some of the myths:

       

      Read More-: Top Health Insurance Companies in India

      1. ‘I don’t need health insurance coverage because I am fit’

      There are several diseases (food poisoning, malaria, dengue, etc.) that strike even healthy people. Most health insurance policies, on the other hand, cover unforeseen events such as accidents or injuries due to violence. Besides, young people have become more susceptible to critical illnesses in recent years.

      2. ‘Health insurance covers just the hospitalisation

      Some health insurance providers offer OPD benefits. These include dental treatment, specialist consultation, vaccinations, hearing aid, eye check-up, spectacles and contact lenses, and diagnostic test costs. Preventive and wellness services are also covered by some of the providers.

      3. ‘I have a group health cover, so I don’t need a separate policy’

      Group health policies have defined limits. And with claim sizes rising for diseases, group medical cover may not be enough.

      4. ‘I won’t get health insurance because I drink or smoke’

      Insurers offer policies to people who drink and smoke. Because of a higher risk factor, the premiums may be more.

      5. ‘Only the breadwinner needs health insurance’

      Health insurance, unlike life insurance, should cover everyone in the family because claims data show that in two of every three cases, dependants were the ones for whom the money was needed.

      6. ‘There is no need to declare pre-existing diseases’

      All pre-existing diseases are to be declared at the time of buying the insurance policy. The insurance regulator, Insurance Regulatory and Development Authority of India (IRDAI), advises that any ailment which is being treated and is under control has to be considered a pre-existing disease. Not declaring a pre-existing disease could lead to rejection of claim.

      7. ‘Health insurance is expensive’

      Health insurance providers offer a large number of products for you to choose from, some being costly. You can choose the one that is the most suitable for you. The most expensive may not be the best choice for you.

      8. ‘A health insurance policy must be chosen based on premium’

      Insurers offer different features at different prices. Therefore, premium alone should not be a factor. The premiums depend upon the features of the policy and the age of the insured person.

      Getting a health insurance cover could be the first step you take towards achieving peace of mind. Knowing that you and your loved ones are protected even in the hour of need is reassuring. Choose a health cover plan that best suits your and your family members’ needs from an insurer you trust. 

      Search
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

      Health insurance articles

      Recent Articles
      Popular Articles
      Knee Replacement Surgery Cost in India

      30 Nov 2023

      Knee pain has become a very common ailment in India, with over 15
      Read more
      Kidney Transplant Cost in India

      30 Nov 2023

      Kidney disease has been growing at an alarming rate in India. As
      Read more
      How Can NRIs Save Taxes on Health Insurance in India?

      24 Nov 2023

      Health insurance is an essential buy for people in India as well
      Read more
      Is LASIK Surgery Covered by HDFC ERGO Health Insurance?

      21 Nov 2023

      The growing dependence on electronic gadgets has impacted
      Read more
      Pros and Cons of Health Insurance Portability

      06 Oct 2023

      Getting health insurance coverage is one of the sound steps
      Read more
      How to Apply for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY)?
      Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal
      Read more
      Best Health Insurance Plans for Senior Citizens in 2023
      Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance
      Read more
      10 Major Benefits of Ayushman Bharat Yojana
      Pradhan Mantri Jan Arogya Yojana (PM-JAY) is the second component under Ayushman Bharat Scheme. PM Narendra Modi
      Read more
      Does Health Insurance Provide Coverage for LASIK Eye Surgery?
      A vast majority of the Indian population is suffering from vision problems. For some of them, LASIK eye surgery is
      Read more
      Pre-Existing Disease (PED) Cover from Day One
      Pre-existing diseases (PED) are mostly expensive to treat as they are chronic in nature. Unfortunately, most health
      Read more

      top
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL