Health insurance myths that cost people money
Some of the most expensive insurance mistakes come from believing things that simply are not true. Here are the myths that most often lead to under-cover or rejected claims.
"My employer cover is enough"
Group cover ends when the job does, and the employer can change its terms. A personal policy gives you continuity and served waiting periods that follow you. See why you still need your own.
"A big sum insured means my whole bill is paid"
Not if there is a room-rent cap, co-pay or sub-limit. These reduce the payout within your sum insured, regardless of how large it is.
"I am young and healthy, so I do not need it"
Buying young is exactly when cover is cheapest and waiting periods are easiest to serve. Waiting until you need it usually means higher premiums, tougher underwriting, and conditions that are now pre-existing.
"I can hide a condition to get a lower premium"
Non-disclosure is the leading cause of rejected claims. A small premium saving is not worth risking the entire claim. Always disclose.
"All policies are basically the same"
Two policies with the same sum insured can pay very differently once room rent, co-pay, sub-limits and exclusions are applied. The wording is the product. Compare it with our comparison tool.