Cheapest Health Insurance: Why Low Premiums Can Cost You More Later
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Moneycontrol•19-01-2026, 19:01
Cheapest Health Insurance: Why Low Premiums Can Cost You More Later
- •Online health insurance comparison often prioritizes low premiums, leading buyers to overlook critical policy details.
- •Cheaper policies typically come with longer waiting periods for pre-existing conditions and common treatments, delaying actual utility.
- •Hidden costs like room rent limits and sub-limits on procedures can significantly reduce the effective coverage during hospitalization.
- •Claims processing for low-cost plans can be stringent, leading to disputes over documentation and post-hospitalization expenses.
- •A large sum insured can be misleading; co-payments, exclusions, and specific rules can shrink the usable coverage substantially.
Why It Matters: Opting for the cheapest health insurance often means hidden limitations and potential financial strain during claims.
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