All Health Insurance Companies have their own policy wordings to provide coverage for pre-existing disease, depending upon the exclusion time or the waiting period of the disease. The required cover may be provided after the insured has availed continuous coverage for 1 year, 2 year or 3 years, depending upon the underwriting clauses of the company.
Every insurer has certain exclusion time, which may vary from 6 months to 24 months. During this time, there is no insurance coverage provided to an insured, but after this specific time period, he/she is financially and medically protected.
Tuesday, January 26, 2010
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It is good to know that insurance companies cover diseases that a person is already suffering from. I somehow used to think that they don't and that is why I never bothered getting a health insurance plan.
ReplyDeleteA friend, who had been trying to convince me for years to get insurance for me and my kids, sent me this link (just to prove me wrong).
I bought Apollo Munich's Maxima and was able to avail coverage benefits for pre-existing disease for outpatient treatment without any waiting period.
ReplyDeleteMaxima id 360 degree product and i also have the same.
ReplyDeleteMaxima offers the outpatient cover for the pre-existing disease.
ReplyDeleteI also thought health insurance did not cover pre-existing illnesses... thanks for clarifying...
ReplyDeleteI have used the plans from Apollo Munich, they are very good. the main benefit is the fact that the insurance plans are easily viewable online.
ReplyDelete