What is Specific disease waiting period in health insurance?

Q: What is specific disease waiting period in health insurance?

Specific disease waiting period is the time in which certain diseases or illness such as Knee replacement, Hernia etc would not be covered. The specific disease waiting period has a list of diseases which are not covered during the waiting period. In general the specific disease waiting period would range from 1 year to 2 years which differs from one company to other. The specific disease waiting period is inculcated in the health insurance to prevent people using health insurance only for treatment purpose.

What is initial waiting period in health insurance?

Initial waiting period or 30 day waiting period is the time where the customer has to wait before making a claim under the health insurance policy. Any accident related claims are exempt from this waiting period rule. This is also added to prevent people from taking health insurance only at the time of illness.

What is pre existing waiting period in health insurance?

A pre existing condition is a health condition which exists at the time of taking the health insurance. Conditions such as Diabetes, Blood pressure, Cancer etc come which are there prior to policy purchase are known as pre existing conditions. To prevent people from taking undue advantage of a health insurance policy, pre existing waiting period has been inserted in the policy terms and conditions. The pre existing waiting period ranges from 2 years to 4 years and depends on the type of health insurance policy and the insurance company. The pre existing waiting period needs to be satisfied before any claim can be made under your health insurance policy for pre existing conditions.

What is the Pre-existing Waiting Period in Care Health Insurance Plans?

Any condition or illness which exists prior to taking the health insurance policy is known as pre-existing illness or disease. Every health insurance policy has a provision to cover the pre-existing diseases after a certain period of time. The pre-existing diseases waiting period in Max Bupa (Nivi Bupa) health insurance plans range from 24 months to 48 months depending on the type of plan chosen. Max Bupa (Nivi Bupa) health insurance even offers an add-on named “Buy Back pre-existing” where the pre-existing waiting period can be reduced from 48 months to 12 months on payment of additional premium. This add-on is specific to few plans of Max Bupa (Nivi Bupa) Health Insurance Company.

What is Specific Waiting Period Health Insurance Policy?

There are certain diseases or illnesses which would be covered only after a certain period of time such as Hernia, Knee replacement etc. These diseases require a certain waiting period to be satisfied and it is known as specific disease waiting period. The specific disease waiting period in Max Bupa (Nivi Bupa) health insurance plans is 24 months from the date of policy Max Bupa (Nivi Bupa)t date.

Can I take Health Insurance and Claim Immediately?

Health insurance plans have an initial waiting period before which no claim would be paid except for the accidental claims. Only accidental claims are payable immediately after taking the health insurance policy. The initial waiting period in Max Bupa (Nivi Bupa) health insurance plans is 30 days from the policy Max Bupa (Nivi Bupa)t date.

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What Is Specific Disease Waiting Period In Health Insurance?