Health Insurance Waiting Period India
There is a 90 days waiting period for infants or new born babies.
Health insurance waiting period india. Typically the waiting period with most health insurance policies ranges from one year to four years. This means you can only claim for maternity related expenses once you ve completed two years of your policy. However this varies from insurer to insurer. To get maternity benefits under the health insurance policy the waiting period is 9 36 months.
Yes it is possible to enjoy minimized waiting period in your health insurance policy under certain conditions as follows. However it is not wise to simply buy the first health insurance policy that you come across. Some policies have a 15 day waiting period and some policies have a two year waiting period. With digit s health insurance policy the waiting period for the maternity cover is 2 years.
You must do your research and look for the most ideal cover. From an insurance company s perspective the waiting period can be viewed as a buffer. The benefit of waiting period is given to providers as a safeguard of sorts from fraudulent claims. There are anyways waiting periods for many illness which will be covered anyways after 3 4 yrs.
Is that the manifestation of these illnesses takes time and the policy should not be taken only to get the existing illness treated. Can the waiting period in health insurance policy be reduced. Its better to let 5x or 10x go in next 5 10 yrs and you be with a good policy. November 22 2015 at 8 37 am i have been researching for an.
You take the call finally on this. Top 5 maternity insurance plans in india. Mayank bathwal ceo aditya birla health insurance says health insurance plans in india usually come with an initial waiting period of at least 30 days two years for specific illness and pre existing diseases. You need to get good healthcare coverage to ensure you get all the financial assistance when a medical emergency arises.
There are a few insurance companies that offer maternity benefits but with a waiting period ranging from 9 months to 36 months. General health insurance waiting period is one month for every policy except for accidental cases. The waiting period in health insurance refers to the time period that needs to be passed before you can start availing of the benefits. So if you buy health insurance today then for few things you will be covered anyways after 3 4 yrs.
Selecting a good health insurance policy can be tricky especially when you have around 30 players in the market. In the lockdown period i was getting a lot of queries on how to take a health insurance policy in india in the new normal. The genesis of applying a waiting period for such illnesses such as cataract hernia etc. It s important for you to be familiar with the waiting period concept in order to be better informed while picking your health insurance plan.
In the next section i am going to share the factors that i had checked before selecting a health insurance policy for my family. No insurance company will accept your fresh proposal if you have any pre existing critical illness like cancer tb heart condition etc. Different types of conditions can have different waiting periods. The policyholder must wait till the expiry of this waiting period to raise a claim.
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