HealthInsurance – Important Points to Note

• Pre-existing disease

  When we talk about HealthInsurance, one term that cannot be avoid is ‘Pre-exisiting disease’. Pre-exisiting disease is defined as any condition or ailment for which you had signs or symptoms and/or recieved medical treatment within 48 months of the policy with the insurance firm.This means that a policy will cover expenses incurrered on pre-exisiting diseases only from the 5th policy year, provided their hasnt been any claim in the first four years.
  An ailment for which a claim has been made does not become a pre-existent disease if there is no break in the term of the insurance policy and is renewed within the stipulated period.

• Waiting Period

  Typically, when ever you purchase a healthinsurance there is a waiting period of 30 days, during which no claims from the insured are entertained by the insurer.

Buying Insurance Online

One of the best ways to buy insurance is online. Portals such as www.policybazaar.com let you compare products and prices offered by a number of players and let you choose a plan that suits you best.