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Contributor
Nitin Gangurde
Posts: 22
Registered: ‎23-08-2017

Is there any Waiting Period for claims under a policy?

Is there any Waiting Period for claims under a policy?

1 ACCEPTED SOLUTION

Accepted Solutions
Frequent Contributor
N.Kumari
Posts: 124
Registered: ‎11-10-2021
Solution

Re: Is there any Waiting Period for claims under a policy?

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. 

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Occasional Contributor
Asma Bagdadi
Posts: 16
Registered: ‎28-08-2017

Re: Is there any Waiting Period for claims under a policy?

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.

Frequent Contributor
N.Kumari
Posts: 124
Registered: ‎11-10-2021
Solution

Re: Is there any Waiting Period for claims under a policy?

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.