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How long after buying health insurance can I claim?
Initial Waiting Period: Almost all health insurance plans have an initial waiting period of one month or 30 days during which no claims are accepted, except for accidental cases.
What is the longest waiting period for health insurance?
Most health insurance policies impose a waiting period of between 30 days and 90 days from the approval of cover.
How soon after taking out a policy can I claim?
How soon can you claim on insurance? Once you've taken out insurance, you can typically make a claim any time after the start date on the policy. It's worth checking what this is as sometimes the date you paid for the insurance isn't necessarily the official start date.
What is initial waiting period?
In order to make any claim after the policyholder has been issued a health insurance policy, he/she is required to wait for a specific number of days to be able to receive any claim benefit under the policy. This period is known as the initial waiting period or cooling period in health insurance.
What is the main reason behind the 6 months waiting period for pre existing cover?
The purpose of the waiting period is to prevent people from securing insurance only to cover the cost of an illness or surgery that they are completely aware of as supposed to securing insurance as a security for when it is most needed.
Do all insurance policies have a waiting period?
Most health insurance policies impose a waiting period of between 30 days and 90 days from the approval of cover. No benefits will be paid for illnesses arising or treatments carried out during the waiting period.