Renew your health insurance policy

When the time comes to renew health insurance, people may wonder if renewing the policy is necessary at all because neither they nor any of their family members had a need to go for treatment during the policy tenure. If you, a resident of the UAE, also have such thoughts, kindly bear in mind the following

Health insurance in the UAE is an investment that provides you with benefits in the long

run

You may not know when you may need it or whether you

will need it at all!!

Following reasons that make confused about the renewal of your health insurance

According to you, there is no value in investing in health insurance

You think that by doing a little more research, you can find better plans than what you have now

You may have had an earlier experience of your claim getting rejected due to restrictions such as waiting periods or pre-existing ailments

But have you considered? One day you may find that you and some of your family members have aged and have become unhealthy

If you decide to buy health insurance in that age, your premium will be high. There may be unexpected exclusions also on the plan

What are the implications of such a scenario?

Your waiting periods will begin soon

Any ailments that may have affected you or any of your family members during the interregnum will be construed as pre-existing ailments

Insurance companies may ask for a higher premium for covering them. Even if you or your family members have become overweight, obese or underweight, the insurance company will resort to the tactic of loading additionally on your premium

You may think that the cover offered by your employer is enough. But group policies may not cover all your health risks and those of your family members

You may continue to be healthy and may think that you do not need health insurance now. But remember, your family members may not be as healthy as you are. Further, the present-day lifestyle and stress may take a toll on your health anytime

Expert Suggestion:

The small premium you pay now will cover the expenses of the treatment for an ailment that may affect you when you grow old Experts say that it is wrong to wait for ailments to happen for buying health insurance

It is because of the above reasons, you are advised to jettison the thoughts that cloud your mind at the time of renewal of your health insurance and take up the task immediately

Are you confused about renewing your

health insurance policy

For more information visit at http://www.bayzat.com