Special Considerations in Health Insurance

When purchasing health insurance in India, several special considerations can significantly impact your health insurance coverage eligibility and benefits. These include:

• Pre-existing Conditions: The majority of health insurance policies in India come with a waiting period for pre-existing conditions, and they can be anywhere from 2 years to 4 years. However, after the waiting period, the insurers cannot decline to offer insurance coverage to the clients for pre-existing conditions.
• Waiting Periods: In most health insurance plans, there are waiting periods that may apply during which some of the benefits cannot be claimed. This includes initial waiting periods (typically 30 days), waiting periods for specific diseases (1-2 years), and pre-existing conditions (2-4 years).
• Portability: Health insurance portability allows the policyholder to transfer his/her health insurance policy from one insurer to another without facing the implications of a change in the insurer and without losing the continuity benefits related to waiting periods and pre-existing disease conditions.
• No-claim Bonus: Most health insurance policies contain a no-claim bonus, which is an increase in the sum assured or a reduction in the premiums for each year in which no claim is made.

So, it is important to know the basic health insurance eligibility requirements to make the right choice for yourself and your family. Whether you are focusing on personal, company-provided, or government health insurance, it is important to know the details and eligibility so everyone can be properly insured. For more precise information about the health insurance criteria and eligibility, it is always recommended that you connect with the insurance company directly.