When you buy a health insurance policy from your insurer, there are many health-related disclosures that you need to make. In fact, knowing your health status is quite important for an insurance company to underwrite your policy. Underwriting is a process by which the insurer gauges the risk and prices its products accordingly.
Underwriting therefore involves a lot of disclosures that need to be made from your end. But what happens if you don’t disclose your medical condition accurately? Your claim may get rejected in the future on grounds of non-disclosure.
Therefore, it is important that you make full disclosures, especially about your health and not just in the present but also in the past.