Every medical insurance plan comes with a few terms & conditions, and the waiting period is one of them. A waiting period is the amount of time that you need to wait to file a claim and avail the benefits of your health policy. But did you know you can buy health insurance plans with no waiting period? Read on to know more about zero waiting period in health insurance.
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Zero waiting period in health insurance provides medical coverage from day 1 of the policy without having to serve any waiting period. It enables you to file a claim and avail your policy coverage as soon as you buy the policy. It allows you to seek financial assistance from your insurance company during a medical emergency, regardless of when the policy was purchased.
All accidental hospitalization claims come with zero waiting period in health insurance. This means you do not have to serve the initial waiting period of 30 days if you have suffered an injury or illness due to an accident. Thus, accident claims are covered under health insurance from day 1.
Although most health plans come with an in-built waiting period, many insurers have now introduced no waiting period in health insurance, especially when it comes to pre-existing diseases (PED). Usually, pre-existing diseases are covered under medical insurance after serving a waiting period ranging from 2 years to 4 years. However, with zero waiting period in health insurance, many plans cover pre-existing diseases from day 1 of the policy.
Moreover, several health insurance companies in India offer an optional cover to waive off the waiting period for pre-existing diseases. All you may need to do is pay a little extra premium to buy this optional cover when you buy the policy.
People also read: Pre-existing Disease (PED) Cover from Day 1
Take a look at some of the best health insurance plans with zero waiting period available in India below:
|Health Insurance Plans with No Waiting Period
|Pre-Existing Diseases (PED) with Zero Waiting Period
|Aditya Birla Activ Health Platinum Plan
|Rs 50,000 to Rs 2 crore
|Care Supreme Plan with Instant Cover
|Rs 5 lakh, 7 lakh, 10 lakh and 15 lakh
|HDFC ERGO Energy Health Insurance Plan
|Rs 2 lakh to Rs 50 lakh
|Niva Bupa ReAssure 2.0 Plan with Smart Health+
|Rs 3 lakh to Rs 1 crore
|Star Diabetes Safe Insurance Plan
|Rs 3 lakh, 4 lakh, 5 lakh and 10 lakh
|Universal Sompo A Plus Plan - Diamond
|Rs 3 lakh to Rs 1 crore
The waiting period in health insurance starts from the policy commencement date, and you can only file a claim if your waiting period is over. However, in the case of a zero waiting period, you can file a claim even on day 1 of the policy, as no waiting period is considered.
Moreover, the zero waiting period benefit may be available for only one type of waiting period and not all types of waiting periods in a health insurance policy. For eg: PED coverage may be available from day 1, but specific disease initial waiting period may apply for cataract surgery.
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