{"id":7301,"date":"2022-05-16T23:12:07","date_gmt":"2022-05-16T17:42:07","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=7301"},"modified":"2022-05-16T23:12:07","modified_gmt":"2022-05-16T17:42:07","slug":"list-of-hidden-insurance-costs-to-avoid-in-india","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/list-of-hidden-insurance-costs-to-avoid-in-india\/","title":{"rendered":"List of Hidden Insurance Costs To Avoid in India","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
You know that insurance is a good idea, but let’s be honest\u2014you’re not going to spend your hard-earned money on something you don’t need.<\/span><\/p>\n
And that’s why we’re here. <\/span><\/p>\n
We’re going to tell you all about the hidden insurance costs in India, so you know exactly what to look out for when buying a policy, and how much money you can save by being prepared!<\/span><\/p>\n
What Are the Hidden Insurance Costs to Avoid in India?<\/span><\/h2>\n
There are many hidden insurance costs to avoid in India. <\/span><\/p>\n
The following are some typically hidden insurance costs to avoid:<\/span><\/p>\n
Schooling and Education\u00a0<\/span><\/h3>\n
The medical treatment of the insured is often required, which can impact premium costs. For example, if you have a sickness or injury in school or are caught smoking or drinking, these may lead to additional charges. <\/span><\/p>\n
Also, with policyholders that are older children and teenagers, the insurance company may charge higher premiums as they wish to get more security if they get sick.<\/span><\/p>\n
Personal Background\u00a0<\/span><\/h3>\n
If your insurance company finds out that you have a criminal background or are a troublemaker in school, you may have to pay a higher premium. Also, if there are certain things like smoking or drinking in your background, these will increase premiums. Special discounts sometimes apply, but they take some effort to get.<\/span><\/p>\n
Accidents<\/span><\/h3>\n
These are usually covered and often raise premiums due to claims. However, if the accident was due to your own fault, you should expect to pay a lot more. Accident coverage is broken down into two parts. <\/span><\/p>\n
The first covers the costs of a doctor, ambulance, and hospital stay. However, if you need a prosthesis or have to go abroad for treatment, it’s not covered, meaning your insurance doesn’t cover the total cost of your accident.<\/span><\/p>\n