Is there any Waiting Period for claims under a policy?

[Nitin Gangurde]

Is there any Waiting Period for claims under a policy?

[Asma Bagdadi]

Yes. When you get a new policy, generally, there will be a 30 days waiting period starting from the policy inception date, during which period any hospitalization charges will not be payable by the insurance companies. However, this is not applicable to any emergency hospitalization occurring due to an accident. This waiting period will not be applicable for subsequent policies under renewal.

[N.Kumari · Accepted solution]

Yes. 

30 days - General waiting period starts from policy inception date. No claim will be paid if any claim is registered withing 30 days of general waiting.

2 Year-  Specific illness waiting. After completion of 2 years, from the 3rd year all the specified illness in policy terms will be covered.

3 Year or 4 Year (as per plan type) - Pre existing illness will be covered.