October 4, 2019 10:12 am,
Health Insurance Policy is a must nowadays considering the sedentary lifestyle and junk food culture due to which the human body is more prone to diseases. Good health insurance policies do cover annual health check-ups and preventive services like screening and counselling etc. So, it is always best to take health insurance early in life. Waiting Period in Health Insurance plays a major role.
This article answers all your queries regarding the waiting Period in Health Insurance in Pre-Existing Illness.
Ailments like diabetes, high blood pressure, thyroid, etc. are Pre- Existing Illness. At the time of taking health insurance, if an insured person declares that he/she has certain illness then in such cases, insurance agents insist for medical tests for assessing the level of impact of the diseases on the policyholder. Proposal acceptance is purely based on medical reports. In case they accept the proposal, they prescribe a waiting period usually of 4 years. This implies that any hospitalization expenses related to the declared ailments can be claimed only after 4 successful years with the insurer. Hence, it is important to take health insurance policy early in life to avoid any waiting period.
Must read points to know more about Waiting Period:
Hence, if you are in the need of best Health Insurance plan, then do consider the plan with the shortest possible waiting period.
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