The kind of air we breathe and the kind of adulterated food we eat, we cannot be sure that we will be the best in our health forever. This is why it is quite important to follow a proper regime so that we can be in our healthiest self, as much as it is possible. What is even equally important is buying a health insurance policy at the right time.
Nevertheless, when we buy a health insurance policy, one of the most important things that we should not miss out on noticing is the waiting period in health insurance. The waiting period in health insurance is the time period that you as a policyholder have to wait for before availing of the benefits that come with the policy. The waiting period starts from the date of issue of the health insurance policy. As the terms and conditions of the waiting period in health insurance are concerned, it may vary from one insurance company to the others.
It is the specific period of time before a policyholder is eligible to avail of the coverage benefits for a list of diseases during the tenure of the policy of a specific health insurance plan. For example, the waiting period for a pre-existing disease is a standard clause in the majority of health insurance policies. This means you can start availing of the benefits of a health insurance policy only after you complete the waiting period.
This is why you should choose a health insurance policy with a minimum waiting period. By doing so, you will be able to get all the benefits of the policy at the earliest. Here are some of the health insurance plans mentioned below that come with a minimum waiting period.
Bajaj Allianz Silver Health
Bajaj Allianz’s Silver Health is certainly one of the top health insurance plans that you can buy for your parents. This is an annual plan that is available on an individual sum insured basis. The plan covers pre-existing illnesses from the second year of the policy, which means, the waiting period in this is 1 year.
Features:
- The sum insured options include INR 50000, INR 100000, INR 150000, INR 200000, INR 300000, INR 400000, and INR 500000
- Coverage is provided for emergency ambulance charges, which can be subject to a limit of INR 1000, for each claim
- Coverage for 130-day care procedures, which is subject to terms and conditions
- The minimum entry age for this plan is 46 years and the maximum is 70 years
- If 2 or more members of the family are covered, a benefit of 5% family discount is provided.
Star Health Red Carpet
Red Carpet from Star Health Insurance is particularly for senior citizens. It comes as an individual and also family floater sum insured basis. The policy provides coverage for costs incurred on outpatient consultation in the network hospitals up to a particular limit. The policy provides coverage for pre-existing health conditions after the waiting period of 1 year.
Features:
- The minimum entry age to buy this policy is 60 years and the maximum is 75 years. It comes with a lifelong renewal option
- The terms of the policy are 1 year, 2 years, and 3 years. You can choose any of these
- There is no pre-acceptance of medical screening. Once the medical records are submitted, a 10% discount on premium is offered
- Coverage is provided for all kinds of day care procedures
- Co-payment option is available.
If you want to know about more such health insurance policies with a minimum waiting period, you can spare some time and visit the website of IIFL.
