“Health insurance” encompasses a wide range of coverage options. From individual plans customized to your personal requirements, to family insurance, to employer-sponsored group insurance, there are many options. When thinking about improving your financial health, the first step is to determine which health insurance plan is the right fit for your needs.
There are numerous health insurance policies available in India for individuals across age groups, ranging from basic hospitalisation cover to comprehensive policies with additional benefits like preventive care, death benefit etc. A health insurance plan can potentially provide tax savings of up to INR 75,000.
of Health insurance with zero waiting period ACKO plans have a network of 14,300+ cashless hospitals and cover 100% of hospital charges for approved claims. So, if you want hassle-free comprehensive insurance from a company that genuinely cares about your health, choose ACKO. Buy your health insurance plan now and get the peace of mind you deserve.
What is the waiting period for health insurance?
A waiting period in health insurance refers to the period during which you cannot file a claim. There are different types of waiting periods that apply when you purchase a plan.
It is important to know that you can claim for any accidents or other occurrences while your policy is in force. There is no waiting period for hospitalisation due to an accident.
For example, most health insurance plans require you to wait 2-3 years before you can claim maternity benefits, meaning you must have been insured for at least 2-3 years (or the period stipulated in your health insurance policy) before you can claim maternity benefits.
Below is a list of the various health conditions and their respective waiting periods:
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Initial waiting period: 0-30 days
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Maternity Coverage: 9 months to 3 years
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Medical history (high blood pressure, diabetes, thyroid, etc.): 1 to 3 years
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Bariatric surgery, psychiatric disorders, certain medical conditions: 1-2 years
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Newborn: 9 months to 3 years
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COVID-19 Coverage: 30 Days
The benefits of ACKO Platinum Health Plan with zero waiting period
With the ACKO Platinum Health Plan, you’ll receive the following coverage starting from day one: 1 Crore Health Insurance Plan and Unlimited Platinum Health Insurance Plan.
Subject to disclosure of all pre-existing medical conditions, benefits are as follows:
Coverage begins from day one of your ACKO Platinum Health Plan. There are no waiting periods, i.e. waiting periods due to initial or pre-existing illnesses do not apply.
To receive this benefit, you must disclose all pre-existing medical conditions. Claims for medical conditions not disclosed may be denied.
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Zero Deductions on Claims:
The benefit of having a zero deductible is that your full claim amount will be paid, including coverage for non-medical expenses (which are normally deducted from the claim amount).
You can choose the hospital room of your choice without worrying about how it will affect your final hospital bill overall.
The last word
Understanding the details of health insurance plans and the associated benefits can help you make an informed choice. Choosing the best plan can help protect the health and financial security of you and your family. It can also be a great help if something untoward or unfortunate happens to you or your loved ones.
Equipping yourself with sufficient knowledge about the waiting period for medical insurance can help you choose a plan that suits your needs. However, if you buy medical insurance early in your life, you don’t have to worry or feel burdened by the waiting period for medical insurance.
A health insurance plan with zero waiting period is ideal to get coverage from day 1. The benefits of this plan include high sum assured, no deductible at the time of claim, no limit on room cost, etc. To get the best coverage, avail ACKO’s INR 1 Crore Platinum Health Insurance Plan with zero waiting period and no deductible at the time of claim.
The Rs 1 Crore ACKO Platinum Health Insurance Plan covers unforeseen injuries and declared illnesses from day 1 with no waiting period, with one exception: undisclosed pre-existing conditions are not covered. ACKO will cover pre-existing conditions only if you have disclosed them while purchasing the Rs 1 Crore plan.
However, if it turns out you didn’t declare a known pre-existing condition when purchasing your insurance, your claim may be denied.