What are the disadvantages of an Insurance policy?

One thing I've realised after dealing with health insurance for a few years is that the “disadvantage” usually isn't insurance itself, but how little we understand it when we buy it.

On paper, most policies look similar. The problems show up later — room rent limits, sub-limits on treatments, long wa

Here are some disadvantages of an Insurance policy:

• Expensive for old people: People who buy a policy when they develop a medical condition or cross a certain age, will get charged more.
• Issues with claim settlement: Insurance policies have certain inclusions and exclusions along with terms and condit