I am diabetic and am thinking of a taking a health insurance policy. Will the insurer charge very high rate of premium in my case?
Adesh Jain, Noida
All insurance companies which provide coverage for health insurance charge premium according to the age of the proposer. The insurers do not normally load the premium for an existing ailment. Instead, the insurance companies exclude the coverage of the pre-existing disease from the scope of the policy. The premium loading will depend on your age, the degree of diabetes that you have and it’s associated risks. There are few insurers who have specialised policies for diabetics, which you should consider before zeroing down on a policy that meets your needs.