What Do We Mean By Cons In Insurance?

Cons in insurance refer to limitations such as exclusions, waiting periods, and deductibles. Exclusions are specific conditions or events not covered by the policy. Waiting periods may apply to pre-existing diseases in health insurance before coverage starts. High premiums at older ages and complex technical jargon are also considered drawbacks. Understanding these "cons" helps policyholders set realistic expectations for claim settlements and overall benefits.