If no waiting period, individuals might sign up for insurance, immediately claim costly hospital treatments
Why ......
Initial Waiting Period
Types
Disease Specific
Pre-existing waiting period
Maternity waiting period
New born baby
You cannot claim any benefits from your insurance company during the waiting time.
Initial Waiting Period
Congenital disorders, lifestyle diseases, or other illnesses are subject to a waiting period.
Disease Specific
12-24 Month
The time frame for waiting for the treatment of each condition is different
Disease Specific
12-24 Month
A waiting period of 4 years for pre-existing diseases is a standard feature in all health insurance plans.
Pre-existing Disease
24-48 Month
Report any existing condition before applying for the policy so that the disease is covered within the time frame.
Pre-existing Disease
Insurance company provide cover to New Born Babies are attained age of 90 days.
New Born Babies Waiting Period
Maternity benefit is not offered with every health insurance plan.
Maternity Waiting Period
9-36 Month
Specific health insurance plans allow the duration of the maternity waiting period from 9 months to 3 years.
Maternity
It is essential to read the fine print of the policy waiting periods of a health insurance policy and pick the plan with the lowest waiting period.
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