Nowadays, health insurance has gained popularity in India. However, some people prefer to stay away from medical insurance because of their pre-existing medical conditions like diabetes, BP, thyroid, heart ailments, etc. In India, health insurance for pre-existing diseases is available, but some points are associated with its coverage and limitations, so read on to know more in detail.
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Do you have an existing illness or medical history?
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What is your existing illness?
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When did you recover from Covid-19?
Some plans are available only after a certain time
Applicants with pre-existing diseases are worried that the insurer won’t cover them. And they will only get nominal coverage in case of any hospitalization. This is a myth that most people have regarding medical insurance cover.
Because there is stiff competition in the industry, more and more companies are offering medical insurance plans after the COVID-19 outbreak. Almost all the insurance companies provide coverage to those with Pre-existing diseases or PED and the only difference is that the premium is on the higher side. The policy coverage benefits are similar to those provided to a normal person.
Due to the increasing competition in the industry, companies are now willing to take risks associated with pre-existing diseases. In fact, you have the option to choose the best medical insurance policy that covers pre-existing conditions as per your needs and preferences.
Pre-existing illnesses are medical conditions that are already present when a proposer plans to buy a medical insurance cover. Health problems like diabetes, asthma, cancer, which a person might have before the commencement of pre-existing illnesses. Insurers cannot refuse to cover treatment for your pre-existing conditions or charge you more unless it is specifically mentioned in the policy wordings.
Since mediclaim plans work on risk basis, many insurance providers have a clause related to pre-existing illnesses. For example, no claims can be made for a pre-existing illness in the initial two years of the policy cover. Waiting periods are usually applicable to pre-existing ailments. As per the IRDAI, new guidelines have been issues that define any illness that has been diagnosed within 48 months of an ailment/illness/disease that has been diagnosed by a doctor before issuing the policy will be classified as a pre-existing illness.
The problem lies in the definition of the pre-existing conditions that vary from one insurance company to another. Many insurance companies term diabetes and other cardiovascular illnesses as pre-existing conditions. And due to these ambiguities in the definition of pre-existing illnesses, the picture is not clear to the common man who is suffering from any such pre-existing medical condition and thus they prefer to skip spending on medical insurance plans.
With changing times and the entry of new insurance players in the health insurance sector, the picture is now getting clear. More and more people who are suffering from any ailment related to stress are getting more inclined to buy coverage and protect themselves from any illness occurring due to medical emergencies.
So, when you are buying health insurance or a critical illness policy it is your duty to inform the insurance company about the diagnosed illnesses, surgery, medical history of illness, accidental injuries, and furnish medical reports before buying the policy. It is also important to understand the type of diseases that insurance companies define as a pre-existing illness to avoid problems at the time of claim settlement.
At times when the policy is issued without any pre-medical screening and the insured gets sick and needs hospitalization then the claim can get rejected if it was filed for some pre-existing conditions. So to avoid unnecessary stress and hassle it is important to undergo medical tests before signing the policy documents.
It is possible to buy health insurance in India even if you have a pre-existing disease. Almost every health plan covers people with these illnesses including diabetes, asthma, hypertension, or get enrolled, but after the completion of the waiting period. You simply need to wait for the waiting period to be over and then start filing a claim when you need to do so.
Nowadays, there are some medical insurance plans that include existing medical conditions from the date of policy commencement. So, now you must be clear that getting health insurance cover even with pre-existing health disorders is no longer a problem.
Before you buy health insurance with pre-existing ailments, make sure that you go through some of the points as given below:
As you can see those with PEDs to get medical insurance coverage in India. So, let the misconception take a backseat and secure your life and your loved ones’ life with an adequate health insurance policy. It allows you to undergo treatment in the top-most hospital with modern treatment facilities, especially during the Coronavirus pandemic.
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