While discussing about the terms and conditions of the affordable individual health insurance policy with the insurance agent, be sure that you understand each and every detail of the policy.
Normally, the insurance company should provide you 10 days of time to revert back and cancel the policy if you do not find it suitable after reading the terms and conditions.
Renewal of the policy every year should be guaranteed by the insurance company.
At certain times, if the insurance company sees that the insured person falls ill frequently, they might not renew the policy at the end of the year on some flimsy excuse.
You need to be sure that you are dealing with a reputed company that will provide you with a written guarantee of renewal of the policy each year.
Understand all the details of the policy.
If you are taking a policy that covers that all major illnesses, be sure of all the diseases that it covers so that the insurance company may not back out in case you fall prey to a major disease in future.
You must disclose your complete medical history, past and present in the policy.
At times, there are little things that you might fail to disclose in the policy and later, when you contract a fatal disease, the insurance company might accuse you of not having disclosed those little things in your medical history and cut down on your returns.
So, it is very necessary that you understand each detail of the affordable individual health insurance policy before signing on the dotted line.