How To Cover Pre-Existing Diseases In Health Insurance?

Today, as many people are living a fast-paced and unhealthy lifestyle, they are more susceptible to different kinds of illness and health conditions. Further, with the rising cost of medical expenses, investing in health insurance has become a necessity. Health insurance plans in India typically cover the expenses incurred on medical treatment. The treatment availed can be towards accidents, ailments and hospitalization. Having a health insurance plan plays a vital role in dispersing the medical cost incurred by you. It also helps you with financial stability.

If you are looking to buy one of the best medical insurance plans for your family members, pre-existing diseases can become a hurdle. However, as per the recent directives issued by the Insurance Regulatory and Development Authority of India, several insurance companies in India have now introduced new medical policies that cover pre-existing illnesses of the buyers as well.

Important points you must consider to include pre-existing illness in the health insurance policy

  • Whilst buying health insurance with a pre-existing medical condition, you must consider the duration of the waiting period. The duration varies for different kinds of illnesses. Typically, it varies from 11 months to about four years. It depends on the type of policy you are buying and the type of illness you are suffering from.
  • If you are suffering from a certain type of illness which is excluded from the coverage, you must ask the insurance provider if you can include the illness under the cover by paying an additional premium. This is called ‘loading’.
  • Before you sign any insurance document, make sure that you have complete knowledge of the policy that you are going for. You need to be clear about the ailments, diseases and illnesses that are covered. You should also get an idea of the illnesses/diseases which are excluded.
  • If you are suffering from a specific illness, it is advisable that you avoid switching to a new insurance company during the renewal of the policy. This can prove to be a bad move as you would be forced to undergo the waiting period once again.
  • Always be aware of the expiry date of the health insurance plans as well as the due date of the premium payments. Any break in paying the premium amount will lead to an automatic restart of the policy and the waiting period.

Today, with the competition among the insurance companies becoming fiercer, one needs to stay up-to-date with the latest happenings in the insurance industry. You also need to know which policies are more beneficial for people having a pre-existing illness. The major surge in the healthcare costs has brought several insurance companies in India into the race. Consequently, companies are now offering insurance plans that cover a wide range of pre-existing illnesses.

With the improvement in the coverage for pre-existing medical conditions, insurance buyers now feel more secured against the impending financial implications of health problems. If you have invested in the best medical insurance plans, rest assured that you can have better access to high-quality healthcare facilities.

Article Posted By : diptigoellView All Articles

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health insurance , medical insurance , health policy


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