In the last few years, people have become very aware of health insurance. Health insurance is very important in days. It is not only a companion in your difficult times, but also a security cover for your savings. Whenever you face a health emergency, this insurance does not let your savings get spent. In such a situation, your savings remain safe. But while buying health insurance, it is very important to pay attention to its waiting period. Many times, people do not pay attention to this. In such a situation, if any problem arises during the waiting period and the cost of treatment is not covered in the meantime, then there is regret. The waiting period is also of many types. Know about it here and what is the way to reduce it.
First, understand what is waiting period is
Buying a health insurance policy does not mean that the insurance company will start covering all your problems from the next day itself. You will have to wait for a few days to claim insurance. The period from the time you buy the policy till the time you can claim any benefit from the insurance company is called the waiting period. The waiting period can be for different periods.
This is the initial waiting period of any insurance policy. Usually its duration is 15 to 30 days. Meanwhile, if you are admitted to the hospital due to any disease, then you will not be able to claim for its expenses. However, a claim can be made if you are admitted due to an accident.
Waiting period for pre-existing diseases
If you already have any disease, then you have to tell about it while buying the insurance policy. There is also a waiting period for pre-existing diseases. This waiting period can be from two years to four years. That is, during this waiting period, that disease of yours is not covered in the insurance.
Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
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