Most Indians buy health insurance exactly once, under pressure from a ULIP-pushing agent, and never think about it again until they need to use it. By that point, the policy has gaps you did not know about, and your claim is either partially rejected or the cover is embarrassingly low.
These are the five mistakes that cause most of the damage.
Mistake 1 - Buying for Tax Benefit, Not for Coverage Section 80D gives you a deduction of Rs. 25,000 on health insurance premiums (Rs. 50,000 for senior citizens). This is excellent. But many people buy a Rs. 3-5 lakh policy simply to exhaust the deduction, without thinking about whether that cover is adequate.
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