Buying health insurance could be a taxing task if you are unaware of your policy’s inclusions and exclusions. If you lack awareness about your plan, you might encounter a few disappointing factors you hadn’t known while buying. If you are procrastinating your health insurance, you might also be missing out on pre-existing diseases waiting period to start. Buying health insurance covering pre-existing diseases as soon as possible can benefit you in long run and secure you financially as and when you are in crisis. Diseases like Diabetes, High BP, High BMI, Cancer, etc., are few of the most common Pre-existing health conditions these days.
Pre-existing conditions are those that you already have when (and in certain situations before) purchasing an insurance coverage. They exist before you pay the insurance payment, as the name implies. However, does PED health insurance cover pre-existing ailments — those from which you already suffer? No, not exactly. That is why it is advised to purchase a health insurance policy early in life. It ensures that you have greater coverage because the risks of contracting diseases are lower at a young age as compared to an ageing body.
Most health policies cover pre-existing diseases after a certain length of time, sometimes known as the "waiting period." The length of the waiting time for pre-existing conditions ranges from one year to four years, depending on the plan you have. Any medical issues stemming from pre-existing diseases would not be covered by the policy during this waiting time. If, on the other hand, you renew the insurance every year, pre-existing diseases will be covered after the waiting time is finished. Medical Insurance covering PED can definitely be beneficial if you have ageing parents at home and you have bought Pre-existing disease mediclaim for them in time.
Disclaimer: Information above is just for reference. Kindly refer T&C of policy thoroughly, Do refer IRDAI guidelines for tax exemption conditions.
*Number of Cashless Healthcare Providers as of Feb'25
^Number of Claims Settled as of Dec 2024
** 5% digital discount applicable as per policy terms. Renewal discounts are offered if you meet the wellness goals set under the wellness benefit program.
Care Health Insurance Limited Registered Office: 5th Floor, 19 Chawla House, Nehru Place, New Delhi-110019. Correspondence Office: Unit No. 604 - 607, 6th Floor, Tower C, Unitech Cyber Park, Sector-39, Gurugram -122001 (Haryana). Website: www.careinsurance.com
Disclaimer: This is only summary of selective features of product. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Please seek the advice of your insurance advisor if you require any further information or clarification. Insurance is a subject matter of solicitation. CIN:U66000DL2007PLC161503 UIN:CHIHLIP25047V022425 IRDAI Registration Number - 148
