Cooling off Period in Health Insurance

The Cooling-off period is the duration during which a Covid-19 affected person cannot buy health insurance coverage. This ‘cool off’ period can range from a few days to a couple of months. During this time if the insurance applicant is affected by a certain illness then he/she may not be able to buy medical insurance coverage. This ‘cool off’ period can range from a few days to a few months.

Read More

Policybazaar exclusive benefits
  • 30 minutes claim support*
  • 50,000 claims approved in last 15 months*
  • Schedule home visit with our advisors
  • Get a plan based on your medical needs

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Back
All health plans cover Covid-19 treatment
  • 1
  • 2
  • 3
  • 4

Who would you like to insure?

  • Previous step
    Continue
    By clicking on “Continue”, you agree to our Privacy Policy and Terms of use
    Previous step
    Continue

      Popular Cities

      Previous step
      Continue
      Previous step
      Continue

      Do you have an existing illness or medical history?

      This helps us find plans that cover your condition and avoid claim rejection

      Get updates on WhatsApp

      What is your existing illness?

      Select all that apply

      Previous step

      When did you recover from Covid-19?

      Some plans are available only after a certain time

      Previous step
      Advantages of
      entering a valid number
      You save time, money and effort,
      Our experts will help you choose the right plan in less than 20 minutes & save you upto 80% on your premium

      Simply put, it is like a deferment period or the time taken by a person to completely recover from an illness and thereby become fit to be insured. Usually, the cool-off period applies to all the health plans in India.

      How does Cooling-off Period Works in Health Insurance?

      This Cooling-off period provides time to evaluate customer’s health fairly and accurately. A few health insurance companies in India have introduced a 'cooling-off' waiting period for COVID-19 survivors who are planning to buy a health insurance policy.

      For instance, some applicants can be asymptomatic, and might now know that they are suffering from COVID-19. But down the line, they can get diagnosed with coronavirus. And if someone has been diagnosed with SARS CoV-2 they have to wait for 15-90 days from the date of diagnosis to apply for medical insurance cover.

      People who have contracted the virus; have to wait for full recovery before they can buy health insurance cover to avoid any chances of relapse. It is imperative to ensure that the base medical condition of the applicant has improved and does not impose high- risk. Also, please note that this doesn’t impact the health insurance premiums.

      Additionally, there is no difference between vaccinated and non-vaccinated applicants. It implies that all the normal health insurance policies will go under a cooling-off period to assess and decide on the acceptance of the insurance application.

      So, if an individual who is suffering from any medical condition applies for health insurance cover, the application is underwritten as per the insurer’s underwriting policy and if he/she is diagnosed with acute infection, then acceptance is only provided after the condition is resolved.

      What can you do?

      You should buy health insurance cover before you get infected with the Coronavirus to be able to avail the policy benefits without any delay. Make sure that you go through the policy terms and conditions carefully and check if the policy covers COVID-19 infections.

      Also, you need to disclose all the information at the time of policy issuance to avoid any discrepancies that can later lead to claim rejections. Also, it is important to renew your health insurance policy before its expiry and check the claim amount that you can get. 

      Bottom-line

      Health insurance has become a necessity, especially during the pandemic as it saves you from huge financial liabilities in case of a medical emergency. So, if you are in good health and not yet infected with the virus then it makes sense to get insurance coverage before a situation arises so that you can set off the costs incurred during the recovery period as well.

      Search
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

      Health insurance articles

      Recent Articles
      Popular Articles
      Should You Buy a Super Top-up Health Insurance Policy?

      18 Jan 2023

      India is abuzz with a variety of health insurance plans to cater
      Read more
      6 Reasons Why Your Cashless Health Claims Can Get Denied

      18 Jan 2023

      Cashless claims are one of the most lucrative benefits of buying a
      Read more
      Check Out the Mandatory KYC Documents for Health Insurance

      30 Dec 2022

      The Insurance Regulatory & Development Authority of India
      Read more
      What to Look for in a Health Insurance for Cancer Plan?

      20 Dec 2022

      Cancer is one of the biggest demons that the world faces today
      Read more
      What are the Factors Affecting Health Insurance Premium?

      20 Dec 2022

      Demand for insurance products in India, especially health
      Read more
      What are the Normal Thyroid Stimulating Hormone (TSH) Levels as Per Age?
      The thyroid gland is an important gland responsible to produce the right amount of hormones for normal body
      Read more
      How to Apply for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY)?
      Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal
      Read more
      Income Tax Slab for Women: Guide to Exemptions and Rebates
      In India, every person who earns beyond a certain limit is liable to pay income tax to the government. The tax
      Read more
      Best Health Insurance Plans for Senior Citizens in 2023
      Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance
      Read more
      How Senior Citizens can save Tax with Medical Bills u/s 80 D?
      Senior citizens can save on income tax by availing tax benefits on medical expenses under Section 80D of the Income
      Read more

      top
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL