While buying health insurance, the insurer makes a note of the diseases that the insured already has, such diseases are known as pre-existing diseases. So, the pre-existing illnesses are the ones that the policy seeker is already suffering from while looking for health insurance policies. There are many such chronic diseases such as diabetes, thyroid, high BP, etc. that most elderly people already suffer from at the time of buying health insurance. Most of the pre-existing diseases are quite expensive and require a huge sum of money for regular treatment and medical visits. So, it is better to have enough coverage under your health policy so that you can claim maximum benefits.
If you are planning to buy a health insurance policy with coverage for pre-existing diseases, you must make sure to note certain points as mentioned below:
- Each policy offering pre-existing disease coverage is different from one insurer to another –
No two insurers will have the same terms and conditions even for similar plans. Further, since most health insurance providers do not provide cover for pre-existing diseases, it is important to check the plans properly. Moreover, there is a waiting period levied on most health insurances. Some insurance providers even ask the policy seeker to go through medical check-up before approving the policy. Thus, it is essential to check the coverage benefits before finalizing any health plan to buy. This way, the policy buyer can avoid any hassle at the time of claiming for the coverage.
- Let your insurer know about the Pre-Existing diseases you are suffering from (if any)
Hiding anything from your insurance provider, especially related to pre-existing diseases is not advised because if they find out later, they might not approve your claims and it might cause a lot of hassles too. So, it is better to inform the insurer about your already-existing body conditions and illnesses at the time of policy purchase.
- Note that all doctor visits are not counted under health cover
You must know that only the chronic ailments with long-lasting consequences that the insured is suffering from are covered under health insurance for pre-existing conditions. And your regular doctor visits for cold and cough are not counted under insurance coverage
- Insurances with Pre-existing disease coverage are available
Many people are of the view that their pre-existing illnesses might stand as a hindrance in the way of their health insurance policy approval. So, they tend to hide such diseases. But, you must know that there are numerous health plans available in the market which offer coverage for pre-existing health conditions at a reasonable premium. So, you must look for such policies as per your need and budget. Also, make sure to check the waiting period that such policies are available with.
- Look for policies with limited waiting period
Do you know what waiting period is? Waiting period is the time that an insured policyholder has to wait till he/she can avail the benefits of the health insurance plan that the insured has purchased. Waiting period starts from the date of purchase of the policy and its duration might differ as per the terms and conditions of the insurers. However, it is important to note here that waiting period can be decreased or restricted by the policyholder by paying an extra premium, which usually people are not aware of.
To Conclude
It is true that all insurance companies available in India may not offer health policies for pre-existing diseases. And the reason is simple. The insured individuals with pre-existing diseases are at greater health risk. So, they pose a threat to the insurer in terms of financial risk. But the good news is – there are several insurers who are still offering policies for pre-existing diseases. So, if you are interested in buying a policy with pre-existing diseases you must do so to avail adequate health coverage for your existing health conditions
Here, Paynima.com can be of great help to policy seekers. All you need is to contact PayBima insurance brokers to get assistance in finding the best health insurance plan for pre-existing diseases. Not only will you get assistance, but you also get a wide advantage in the form of benefits and deals.
