When you are as fit as fiddle, it seems a complete waste of money to buy medical insurance. But when all your precautions go in vain and you are attacked by a critical disease, the necessity of having one is badly felt. The cost of treatment for critical illness is already high enough; and given the conditions prevailing now, it will not be a wonder if the cost goes beyond the affordability of even the well-off.
I think the necessity of medical insurance is felt by and each and every worldly wise person. And most of them buy a health insurance policy for them. But many people do not give enough importance to the details. I have one friend who has already paid a price for making this mistake. He just signed the dotted lines without reading the terms and conditions of the medical insurance policy agreement.
When time came and he claimed for the compensation, to his surprise he was told that the disease he had been suffering from was not covered by the policy. In order to avoid such type of nasty surprise, it is highly recommendable to read the small prints with utmost attention before one signs the agreement of the medical insurance policy.
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Medical insurance policy do have certain terms that are quite confusing and there are some hidden facts too. So before signing up the policy its important that all the terms of the policy must be understood completely to avoid any type of problem and misconception.
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