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Everything You Need To Know About The Waiting Period In Health Insurance

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Getting a health insurance policy for you and your loved ones is a great idea. Not only does medical insurance act like a shield, but it also is a fruitful investment that leads to tax savings. While discussing health insurance, you must have definitely come across the term ‘waiting period’, but do you know what it means?

The ‘waiting period’ that health insurance companies refer to is a specified time which must pass before you can claim or before your cover can begin. However, within the waiting period also, there are multiple definitions. Before we jump to various types of waiting periods, let’s first understand why it is important to find out about this before zeroing down on your health insurance policy .

You must read about the waiting period clause and find out the stipulated time for general illnesses and critical illnesses. This will give you a clearer idea about what time you can make a claim. It also prevents you from being disappointed in the future, in case your claim is rejected because of the ‘waiting period’.

HERE ARE THE VARIOUS TYPES OF WAITING PERIODS:

INITIAL WAITING PERIOD:

From the time you have purchased your health insurance policy till 30 or 90 days (depending on the insurer), you cannot claim any medical expenses. This is often referred to as the initial waiting period. However, accidental injuries with a minimum of 24 hours of hospitalization are covered in this period.

PRE-EXISTING ILLNESS WAITING PERIOD:

A pre-existing disease (i.e. an ailment that you or any of the insured already had at the time of purchasing the health insurance), wait period condition typically ranges from 2 years to 4 years. There is a specified list of medical conditions that are included in this list. The diseases include hypertension, cardiac related, eye problems, etc. Once the waiting period is over, your medical insurance policy will cover these conditions as usual.

To further strengthen the existing health insurance policy, many even purchase a critical illness plan that comes with a greater sum assured. This ensures that neither you nor your family suffers due to an unfortunate and unforeseen medical illness.

MATERNITY:

Many health insurance policies cover maternity. However, there is a certain waiting period to avail these benefits. It typically ranges from 9 months to 48 months. With the right planning, you can ensure that you reap maximum maternity benefits from your health insurance policy.

Bharti AXA offers some of the most comprehensive health insurance plans along with car insurance, travel insurance, and personal accident insurance.

SOME OF THE BENEFITS OF CHOOSING BHARTI AXA’S MEDICAL INSURANCE ARE:

  • No claim bonus
  • Annual health check-up
  • Pre and post-hospitalization of 60 and 90 days
  • Tax benefits
  • Cashless claims across 4500+ hospitals across India
  • 24/7 worldwide assistance

If you have any concerns regarding the health insurance policy, feel free to reach out to us.

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Disclaimer : The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.

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