When you sit down with an insurance agent or surf on the Internet for the most affordable individual health insurance policy, there are certain important things that you should look for in the policy. They are as stated below.

• The insurance company should give a written guarantee that they will renew the policy every year. At certain times, the insurance company cancels the policy when the insured person is prone to falling ill. So, it is very imperative to make sure that the policy is not cancellable and shall be renewed every year.

• A 10-day rescission period is generally provided by the insurance company. See to it that this time is offered to you in the policy. During this time, you can read all the documents, rules and regulations stipulated in the policy and if you do find them suitable for you, you have the choice to terminate the policy and ask for repayment of the premium amount.

• Before choosing the insurance policy, clearly understand what is covered in the policy, what is not and when the coverage time starts. Each policy has its positive and negative points. Considering your present financial and medical condition, decide on whether you want a policy wherein the premium amount is low but does not cover certain medical expenses or the one in which the premium amount per month is high but long-term risks are covered well.

Whenever you apply for an affordable individual health insurance policy, mention all details about your past and present medical history. Do not skip the small details also. So, in case you apply for claiming insurance for a particular medical problem that has occurred, the company should not get a chance to say that you did not mention a particular pre-existing medical condition when you filled the application form. Companies might cancel your claim on such little mistakes.