Health Warranty

Health Warranty

This is a very important document. It is use when your policy have lapses and you need to revised the policy due to not paying the payment (premium) on time.

When you fill up this form make sure you are telling the truth and you have read this form before you put your signature on it .

I will advice you to read it properly don't care who ask you to sign it.

Please don't trust anyone because it is you who will face the problem years later.

The person who ask you to sign this form may not have read it, he/she can be your agent or the insured company customer service.  Sometime as human we forget the backfire of signing it without really understanding . By signing this it is like you are buying a new policy.

To revised your policy you must sign it . What you write in it is very important as years latter if you have not declare about your work ,health problem you will be in trouble, anything which bring risk to you it can even be your risky sports or hobbies, so please read it before you sign it.

WARNING

If you are having hypertension (High blood Presser),Diabetic or taking any kind of medication or having any other health problem make sure your policy don't lapsed .

If you have a medical card or any other medical benefits  attach to your policy it will be decline or high loading will be imposed.  

A True Story

Madam Rose  bought a policy in 2001 her policy lapsed on 11^th September 2011, She revised the policy on 12 November 2011 and sign a Health Warranty. In June 2013 she was diagnosed breast cancer and her left breast was removed in November 2013.

She made an Insurance claim and after all the medical reports her medical claim was reject and her policy was cancel .

Why This Happen

In October 2010 Rose was diagnosis with High blood pressure and diabetic. Rose have gone to the insured office with her son to revised her policy .

Her son had fill up the Health Warranty form without asking the mother about her health , the customer service officer have not advice Madam Rosy about the backfire she will received if she is not careful.

Now whom to blame for this?

As you are responsible to disclose everything before you sign any form.

How often do you read everything before signing any document. It can even be your agent who ask you to sign it, as a human he can also make a mistake.

The best thing is try not to lapsed your policy.

About the author:Kertar Singh has joint Great Eastern Life Assurance in August 1995 as a part time agent.

Became a full time agent in 2000 after retiring from the army after 22 years.

He deal with all kind of Insurance from Life Insurances to General Insurances and Will Writing.

Kertar.en@gmail.com

H.P 013-322 8582

Notes: Reference have been made from MII and Gela