While applying for a prominent insurer co’s health policy, I was told that if I disclose any disease like diabetes, the policy would not be issued (as that Co.’s health policy does not require any medical tests, so they will not put any loading but will just choose not to issue the policy). I was advised by the agent not to disclose this fact in the form. That way, I may not be able to settle any claims for 3 yrs, but after 3 yrs, it’ll be covered under pre-existing diseases. So going this way, I will atleast get the policy, which by disclosing this fact upfront, will not be issued.
What should be done. Is it the case with all medical policies that do not require any medical…
Rashmi