People with pre-existing diseases can avail health insurance. If you are one of those suffering from pre-existing diseases like diabetes, high BP and heart-related diseases, do not hesitate to get health insurance. Let’s first understand what a pre-existing condition is. A pre-existing condition is one where you suffer from health issues before availing health insurance. Pre-existing conditions are basically all ailments ranging from small to major diseases.
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Yes, getting health insurance with pre-existing conditions is challenging as insurance companies are reluctant to offer cover to such people. This is because individuals with pre-existing conditions pose a grave financial risk to insurers. It has been mandated by the Insurance Regulatory and Development Authority of India (IRDA), that insurers must offer health cover to individuals with pre-existing conditions.
See Also: Health Insurance Benefits
A waiting period is the time a policyholder must wait before making a claim from the health insurance plan. The waiting period clause has been introduced to avoid unethical practices in the health insurance segment. All health insurance plans have a waiting period of a month, during which only accidents are covered. Insurers have a 2-4 year waiting period for pre-existing diseases.
See Also: Types of Health Insurance Plans in India
See Also: Family Health Insurance Plan
The nature and scope of health insurance is vast in India. Insurers offer a wide array of health insurance products to people who are suffering from pre-existing diseases. Make sure to buy the health insurance policy to take care of pre-existing conditions.
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