It's good insight. Thanks take(sorry don't know your name). Can you please clarify the below statement? Why should a new disease got during the policy term be categorised as pre-existing disease, since the same has come post the purchase of policy?
If some disease happens in current time period (age 30-45-50 years) e.g. heart problem, It will become pre - existing diseases and won't be covered for 4 years.
What is ‘pre-existing’ disease in health insurance?Originally Posted by msgforsunil
"Pre" means before. So a condition is Pre-existing if it EXISTED before the insurance. It does not necessarily mean treated or diagnosed. Pre-existing Diseases are not covered from the start of your policy. These generally are covered after 4 years of buying the policy.
Dear Sunil
It is always advisable to have an individual policy apart from your group medical coverage. One of the most important reason is the waiting periods which is there in all the health insurance policies. So the right time to buy a separate policy for yourself and your family is NOW!
Also, though you are covered with your current company but what about the shifting time to a new company? What if your new company doesn't have insurance benefits? You might want to take a lower sum insured in your separate policy and then increase it gradually.
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