If you are paying your premium on monthly installments, then you are most probably paying more than what you should have paid on a yearly basis.

Never furnish any untrue information about your health in your form and always mention in details about your health conditions. If the insurer finds any discrepancies later, your total amount of paid premiums may get forfeited.

In a "Guaranteed issue" the Insurance Company does not require any medical exam of the insured person. These are often termed as "quick issue" or "simplified issue" policies and are more expensive. So, if you are healthy, do not opt for these issues.