Medical check-up before you buy policy makes you feel meh. More so, if you have any pre-existing disease, then you would do anything to avoid a health check-up because of all sort of negative thoughts around it. Hey but don’t you know the best way to deal with any fear is to understand it and overcome it? Don’t worry we will help you with it.
Once you pass the senior citizen age bracket, health check-ups are integral part before you buy a policy. Here are some things related to health insurance that you ought to know.
Why is it Important?
Pre-policy health check-ups are important because,
- It updates you on your health condition and also helps insurance companies decide on the best senior citizen health insurance plan for you. Hence,
- rather than looking at it as a burden which may increase your premium, you can look at it as indicator of your current health status.
- It would help you know of any new health aliment that you are at risk and you can work for precautions.
- Knowledge of all health conditions helps not only the insurance company but also you in deciding the right sum to be insured.
- You certainly don’t want to get insured for a lesser sum (in order to be able to pay a lesser premium) and then fall sick because of a health condition you were unaware of. You may, in fact, end up paying more as your insurance will fail to cover the treatment expenditure.
What Happens When You Don’t Get The Pre-Policy Check Up?
- Your insurance company will ask you to sign a declaration stating that you do not suffer from any pre-existing disease. There is also usually a waiting period of two years for pre-existing diseases.
- Hiding a pre-existing disease from your insurance company is an offence, punishable by law
- Also, your claim is likely to be rejected, if your insurer finds out that you lied about your pre-existing disease.
- You should be ready to pay a higher premium if you decide not to get the pre-policy check up done. This is because the insurance companies need to safeguard themselves against higher claims risks.
So as you can see, you may end up paying a higher premium if you don’t get the pre-policy check up done. You never know, the pre-policy check up may actually reveal that you do not suffer from any diseases and you can enjoy a low premium. And even if the results show that you are suffering from certain diseases, you will be able to get yourself insured at a better value.
So, don’t escape that pre-policy check up; especially if you are a senior citizen!
