With rising medical costs, health coverage is no longer optional. Yet, several health insurance myths India continue to mislead people, resulting in claim rejections and financial stress during emergencies. Understanding these myths can help you choose the right policy and protect your family’s finances.
Why Health Insurance Awareness Matters
Despite digital growth and government initiatives like Ayushman Bharat, many Indians still misunderstand how health insurance works. According to IRDAI data, 10–15% of claims are rejected annually, often due to incomplete disclosure or policy misunderstandings. Breaking common health insurance myths India can significantly reduce such risks.
10 Common Health Insurance Myths in India
1. Health insurance is only for the elderly.
Medical emergencies can occur at any age. Buying early ensures lower premiums and better coverage.
2. I’m healthy, so I don’t need insurance.
Lifestyle diseases, accidents, and infections can happen unexpectedly. Insurance also helps build no-claim bonuses.
3. Employer insurance is enough.
Group coverage may be limited and ends when you leave your job. A personal policy ensures continuous protection.
4. Cheaper premiums mean better value.
Low-cost policies may include co-payments, sub-limits, and room rent caps that increase out-of-pocket expenses.
5. Pre-existing diseases are never covered.
Most insurers cover them after a waiting period of 2–4 years, provided full disclosure is made.
6. Cashless means zero payment.
Non-medical expenses and room upgrades may not be covered.
7. All treatments are covered.
Dental, cosmetic, and experimental treatments often require add-ons.
8. Buying online is risky.
IRDAI regulates online platforms, and policies purchased digitally often cost less.
9. Hiding medical history saves money.
Non-disclosure is a leading reason for claim rejection.
10. Alternative treatments are automatically covered.
AYUSH coverage depends on policy terms and riders.
How to Avoid These Myths
Choose adequate sum insured (10–15 times annual income).
Compare waiting periods and claim settlement ratios.
Read exclusions carefully.
Disclose complete medical history.
Renew policies on time.
Understanding health insurance myths India ensures better financial planning and smoother claim settlement.
Disclaimer: Policy terms vary by insurer. Always read policy documents carefully before purchase.
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