What is Insurance Proposal form?
It is a form which is given to an individual to fill before buying a health insurance policy. It asks for details like individual’s name, age, name of dependents who are also to be covered and his medical history. Proposal form has to be filled with utmost care before submitting it to the insurance company.
There are few things which you should keep in mind before filling a proposal form:
- Fill it yourself: It is always advisable to fill your health insurance proposal form by own self before submitting it to the agent which then goes to the insurance company.
- Be Honest: It is very important for you to be honest while filling your insurance proposal form with correct details. You have to be careful and fill correct details especially in case of medical history. Also if you have another health insurance policy, it advised to mention it in the proposal form.
- Check: Many a times your proposal form is filled by the agent, try and avoid it always. Also, if the agent fills it for you in your presence don’t forget to cross check it. If you fill wrong details in the health insurance proposal form there are chances of your claims to be rejected by the insurance company.
- Don’t Hide: Remember not to hide anything, especially any kind of illness while filling the form. E.g. if you have diabetes and you have not mentioned that in the form then there are chances for your claim to get rejected because you didn’t mention it in the form. And also if the person is suffering from any condition related to diabetes then he will not get hospitalization expense for it. So for better service from insurance company it is better to keep your chit clean rather than hiding important issues.
Your relationship with insurance company will be very satisfying if you don’t veil it with wrong information. Your insurance proposal form is as important as your policy. Your small mistake can make big difference, so don’t take proposal form just as a simple document but as something which represents you.
