Myth 4: Another misconception about insurances is that often people feel that they will be offered with the insurance facility only if they get hospitalized, which is a wrong concept.  With the adverse effect of technology, there have been vast improvements in the health sector.

Earlier patients used to be hospitalized after a surgery but now days with the advance technology and medical treatments patients with minor operations are discharged within few minutes. Health insurance companies cover such hospitalizations also and even they cover doctor consultation charges too.

Myth 5: Some people think that they can get their work done as soon as they get a health cover, but it is not true. There are certain strict rules under insurance policy which prohibit insurance claims during the first 1 to 6 month.

You should be careful and honest in providing your details while filling up the form because if you are found to mislead any information or hide any health details to your issuer then, your application may get rejected at that moment.

Myth 6: Be aware of the promotional advertisements presented by these insurance companies. They may highlight their policy by claiming best medical facilities by co operating with 5000 hospitals.

There are chances getting drowned if you weigh the merits of policy by just considering the procedures covered by the company. Instead you should read the terms and conditions carefully to understand the depth of their publicity.

Read More: SEBI Allows Municipalities To Issue Bonds To Fund Smart Cities

High Time To Examine The State Government Budgets