In this era of diseases, taking health insurance has become the first need of every family. We are often satisfied just by looking at the coverage, network hospitals and premium of the policy. But the most important part i.e. the proposal form is filled in haste. This negligence can become a major reason for rejection of your claim in future.
Proposal form paper not supplied
Do not mistake the proposal form for a simple paper formality. This is a basic condition of the contract between the insurance company and you. The company assesses its financial risk only on the basis of your personal and medical information given in it. This decides on what conditions you will get the cover.
If any information is left incomplete while filling this form or is presented incorrectly, the claim file may get stuck in difficult times. Financial advisors also advise that this form should be filled with complete honesty and time so that the hospital bills can be paid easily.
Hiding old diseases will cost a lot
While filling the form, it is very important to give information about your past diseases. If you have blood pressure, diabetes, thyroid, asthma or heart related problems, then write it clearly. Even if you are controlling your disease with medication, it should be mentioned. Hiding your medical history can directly lead to rejection of your insurance claim in future.
Give complete details of past treatment
If you have ever been hospitalized or had any surgery in the past, then definitely inform the company about the same. Many times people wonder what will happen if they tell something that is years old. But every part of your medical history is important for insurance companies. It is also mandatory to mention any ongoing treatment.
Many people consider it a minor problem and do not mention the doctor’s advice or ongoing treatment in the form. You have to keep in mind that the insurance company does a complete investigation before passing the claim. In such a situation, any small thing hidden can stop your big claim and you may have to suffer huge financial loss.
It is important to give correct information about old insurance
Your lifestyle has a direct impact on the terms of health insurance. Fill the information like smoking, alcohol consumption and weight completely correctly. Also disclose old insurance or any previously rejected proposal in a transparent manner. According to Amitabh Jain, Chief Operating Officer of Star Health, claims are always passed on the prescribed terms and conditions.
Amitabh Jain clarifies that when there is transparency in documents and information, claims are settled easily. Disputes arise only when facts are hidden while taking the policy. Therefore, consider the proposal form as an opportunity to create a true mirror of your health. Only by giving correct information can you protect yourself and your family’s future.