What are the points to be avoided while buying health insurance
They say Learn from others mistakes. And so same applies while purchasing a new insurance policy and even while hiring and Agent/Broker. Here is and some important points to be kept in mind while taking a new insurance policy.
- Hiding information from your Insurance Company
Ex. Not giving your correct medical history. Numerous claims are rejected on the basis of the insured not being honest with the Company.
- Thinking that a TPA Card is like a Credit Card
The Identity cards issued by the TPA do not function like a credit card; you can only get the Cash less Service in a network hospital after the TPA approves the claim.
Make sure you avoid these mistakes and rest whole process is simple and problem free.
- Blindly trusting your Insurance agent
Checking whether the agent is licensed by IRDA will save you from being duped.
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What are the important points to be avoided while buying health insuranc
Tags: insurance agent, Insurance Broker, Insurance Company, IRDA, TPA
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