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hanif
Contributor
Posts: 74
Registered: ‎31-03-2016

Is there any waiting period after portability of health insurance policy?

Is there any waiting period after portability of health insurance policy?

1 REPLY 1
Ranjit2
Occasional Contributor
Posts: 15
Registered: ‎09-04-2017

Re: Is there any waiting period after portability of health insurance policy?

There are three types of waiting periods in health insurance. The first one is 30 days for fresh policies. The second is for diseases that are covered after a period of 1 or 2 years, such as kidney stones and appendicitis. The third waiting period is of 4 years for pre-existing diseases such as type 2 diabetes, cancer and heart disease. For instance, if you want to port a three-year old policy (after completing 2 years) to a new insurer having the same waiting periods, then waiting periods of duration 30 days and 2 years won’t apply. Only the 4-year waiting period will be applicable. Since you already completed 3 years in the previous policy, you will have to wait for 1 year to file claims for pre-existing conditions.