Why is It Important to Disclose Pre-existing Diseases to Your Insurer?

As we grow old, the chances of developing a disease or a medical condition become more real. You may have seen somebody in your family suffering from pre-existing diseases like diabetes, hypertension, etc. If yes, then you do have a fair idea of how frequent visits to the doctor and medicines burn a hole in their pocket. But with health insurance, you can save yourself from these bills.

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

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

Who would you like to insure?

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

      Popular Cities

      Previous step
      Previous step

      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

      Health Insurance for Pre-existing Diseases (PED)

      Most regular health insurance plans provide coverage for pre-existing diseases

      For the unversed, pre-existing diseases refer to those diseases or medical conditions from which the insured was suffering at the time of buying the health insurance policy

      If you have a health policy, your insurance company will pay for the medical expenses incurred on the treatment of your pre-existing diseases. However, the coverage is not available from day 1 under most plans.

      Your health insurance provider will pay for the treatment of your pre-existing diseases after a waiting period of 2 to 4 years. Unless the PED waiting period is over, any claim relating to your pre-existing disease will be rejected by your insurer. Although, there are a couple few plans that cover pre-existing diseases from day 1 of the policy.

      Moreover, insurance companies also charge a higher premium to people suffering from pre-existing diseases. This is because such people are most likely to raise a claim and thus, are a bigger liability for the insurance company.

      As a result, a lot of people hide their pre-existing diseases from the insurance company at the time of buying the health plan.

      But that is not advisable at all.

      Why You Must Disclose Pre-existing Diseases to Your Insurer?

      Not disclosing your pre-existing disease is a common mistake that a lot of people make while buying a health insurance policy.

      Why is that???

      Well! A health insurance policy is issued based on the information provided to the insurance company in the proposal form filled out by the applicant. Whatever you write in your proposal form is considered truthful and is accepted by the insurance company in good faith. If you have a pre-existing disease, you are expected to disclose it honestly in the proposal form

      But if you hide your pre-existing diseases in this proposal form, it will a breach of trust. So if the insurance company learns about your pre-existing diseases in future, the policy will become null & void and the insurer will have the right to reject your health insurance claim. This would imply that you paid the premium amount for nothing.

      That’s not all.

      In some cases, you may also have to face legal consequences for providing false information and fraud. So if you want to avoid such hassles, disclosing your pre-existing diseases is the best way forward.

      Summing It Up

      Pre-existing diseases are an ugly truth that nobody wants to hear but it reiterates why health insurance is a must for all. However, don’t make the mistake of hiding your pre-existing diseases from your health insurer if you do not want your future claims to be rejected. Make sure to provide your personal details and medical history truthfully to enjoy coverage for pre-existing diseases even if it is available after a waiting period.

      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
      Monkeypox: Dos and Don’ts of the Disease That You Should Know

      15 Sep 2022

      Monkeypox has slowly and steadily spread to more than 85 countries...
      Read more
      Benefits of Multi-Year Health Insurance Plans

      25 Aug 2022

      Ever since COVID-19 entered our lives, health insurance has come...
      Read more
      Does Health Insurance Cover Monkeypox?

      25 Jul 2022

      Monkeypox is the latest disease to make its way to India while we...
      Read more
      List of Diseases Covered by Bajaj Allianz Health Insurance Plans

      05 Jul 2022

      Barely any person has remained unaffected due to rising health...
      Read more
      Annual Medical Check-ups in Health Insurance

      05 Jul 2022

      Regular health check-ups are important to keep a track of your...
      Read more
      PMJAY Scheme: Ayushman Bharat Yojana Eligibility & Registration Online
      Prime Minister Shri Narendra Modi announced the launch of (PMJAY) Ayushman Bharat Yojana in his Independence...
      Read more
      Best Health Insurance Plans in India 2022
      Finding the best health insurance plan from so many different health insurance companies can get confusing for many...
      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
      Best Maternity Insurance Plans
      Maternity insurance offers comprehensive coverage for medical expenses incurred during pregnancy, including the cost...
      Read more
      Best Health Insurance Plans for Senior Citizens in 2022
      Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance...
      Read more

      Download the Policybazaar app
      to manage all your insurance needs.