Health Insurance Online: Don’t Get Scammed — Protect Your Money!

Kokila Chokkanathan
Buying health insurance online is convenient, but the internet is full of fraudulent schemes, fake agents, and misleading policies. Here’s how to stay safe and make sure your health coverage really works when you need it.

1. Stick to IRDAI-Registered Insurers

Only purchase policies from companies registered with the Insurance Regulatory and Development Authority of india (IRDAI).

Why it matters: Unregistered insurers may collect money and never provide coverage.

Tip: Check the official IRDAI website for a list of verified insurance companies before making a payment.

2. Beware of Unrealistic Premiums or Discounts

If a policy seems too cheap or offers massive discounts, it’s often a red flag.

Risk: These could be fake policies designed to steal your personal and banking details.

Tip: Compare premiums across official insurer websites to know the standard rates.

3. Avoid Unverified Aggregator Platforms

Many online platforms claim to compare insurance plans. Some might not be licensed and could misrepresent policy features.

Tip: Use official insurer portals or well-known, verified aggregators. Always read the policy wording carefully before purchase.

4. Don’t Share OTPs or bank Details Freely

Scammers often call or message asking for OTPs, PINs, or debit/credit card details to “process your policy faster.”

Risk: Sharing OTPs can allow fraudsters to withdraw money or take loans in your name.

Tip: Never share OTPs or banking credentials, even if the caller claims to be an insurer.

5. Verify Policy Documents

After buying a policy, ensure you receive:
✔ Policy number and documents via email or official portal
✔ Clear details of coverage, exclusions, and waiting periods

Tip: A genuine insurer will provide digital and/or physical copies with all terms clearly mentioned.

6. read the Fine Print

Many people ignore the exclusions and waiting periods. Fraudulent or misleading policies often hide clauses that limit your coverage when you need it most.

Tip: Pay attention to:

  • Waiting period for pre-existing conditions
  • Critical illness coverage specifics
  • Renewal terms and age limits
💡 Extra Safety Tips

  • Keep a record of payments and receipts
  • Check for customer reviews and ratings of the insurer
  • Report suspicious calls or websites to IRDAI or local authorities
Bottom Line

Buying health insurance online is safe if you stick to verified insurers, read the policy carefully, and protect your personal details. A few precautions today can save you thousands of rupees and stress in the future.

 

Disclaimer:

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.

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