BENGALURU: Generally, most of the world’s population hesitates to buy health insurances due to some misconceptions. These misconceptions gives rise to confusions over what to buy or how to use a product and thus, it ends up being costly.

But the Finance Minister in his recent budget session has announced many reforms related to health insurance to encourage insurance seekers to choose the best possible insurance that would suit them. The deduction for claiming health insurance premium has been increased up to 25000 for individuals and 30000 for senior citizens.

The Economic Times has set out to find the worst sources of the confusions based on certain myths. Here are such myths which are considered to be true:

Myths1: The first myth is about certain misconceptions regarding employer mediclaim. If you have already been a beneficiary of corporate group health insurance, then you should never to claim for another individual insurance. In order to avoid excessive premium rates and decrease the burden, employers often choose to remain confine to their specific and small cover.

Planning to seek cover at the time of retirement will prove to be very expensive. It might not also be helpful at the worst health situations. Even it is wise to be aware of the fact that when your employer medic aim will be available to you.

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