Planning to buy health insurance in 2025?
One wrong decision could drain your savings during a medical emergency. In this video, I’ll reveal the 7 costly mistakes most people make while buying health insurance in India — and how you can avoid them.👉 Book your FREE consultation:
Buying the wrong health insurance policy can cost you lakhs — even if you think you are fully protected.
Every year, countless people in India face massive hospital bills despite having a health insurance plan. Why does this happen? The answer is simple — they make common but costly mistakes while buying their health insurance policy. These mistakes go unnoticed when you purchase the plan, but during a medical emergency, they suddenly become the reason you end up paying lakhs from your own pocket.
Health insurance is supposed to be your financial shield against unexpected medical expenses. But if you choose the wrong health insurance plan, it can leave you exposed at the worst possible time. Rising healthcare costs in India mean that even a short hospital stay or a single surgery can drain your savings. Without the right policy, you may find yourself in debt despite thinking you were prepared.
When you buy health insurance in India, it is easy to get attracted to low premiums or advertisements promising quick and easy coverage. However, the wrong choice can lead to:
• Denied claims when you need them the most
• High out-of-pocket expenses despite having insurance
• Limited hospital options that force you to compromise on treatment quality
• Long waiting periods before coverage starts
• Co-payment clauses that make you share the bill with the insurer
• Restrictions like room rent limits that inflate your final expenses
Before buying any health insurance policy, ask yourself these questions:
1. Am I focusing only on the cheapest premium without understanding the coverage?
2. Does my health insurance plan have any hidden clauses that could increase my expenses?
3. Does it cover hospitals I prefer for treatment?
4. What are the waiting periods for pre-existing diseases?
5. Are there co-payment terms that will make me pay extra?
6. Does the policy truly match my health needs and location?
7. Have I read the fine print carefully before signing?
In this video, you will learn the 7 big mistakes people make while buying health insurance in India and how to avoid them:
a. Chasing cheap premiums — A low-cost health insurance policy often means hidden compromises like room rent limits, co-payment clauses, and hospital restrictions. These can leave you paying lakhs out of pocket.
b. Ignoring the room rent limit — Many health insurance plans cap room rent at 1% of the sum insured, which can force you to pay more if your preferred room isn’t available during hospitalization.
c. Not checking the waiting period — Most health insurance policies have waiting periods of 1–4 years for pre-existing illnesses. Choosing shorter waiting periods can save you from claim rejections.
d. Relying only on employer health insurance — Company-provided coverage ends when you switch jobs or retire. Always have a personal health insurance policy alongside it.
e. Hiding pre-existing conditions — Being dishonest to get cheaper health insurance can backfire, leading to claim rejections even if the illness is unrelated.
f. Ignoring the network hospital list — Cashless treatment is only possible if your hospital is on the insurer’s network. Always check your health insurance plan’s hospital panel before buying.
g. Not reading the fine print — The biggest differences between health insurance plans are hidden in the terms and conditions. Coverage caps, exclusions, and geographical limits can cost you heavily.
Why this matters:
The right health insurance policy should cover you fully in emergencies — not surprise you with extra bills. Whether it’s understanding co-payment clauses, matching your plan to your zone, or checking claim
The true purpose of buying health insurance is not just to save money on premiums today, but to ensure you have complete financial protection during a medical emergency tomorrow. One wrong choice can turn your health insurance policy into a useless document when you need it the most.
00:00 – How Cheap Health Insurance Affects You
02:06 – Common Mistakes People Do Before Buying Health Insurance
06:23 – How Room Rent Limits Affects Your Explained
09:11 – Why You Don’t Have to Hide PED
11:35 – Another Mistake Not Reading the Fine Print
13:20 – How To Avoid Common Mistake in Health Insurance?
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