What Does Health Insurance with No Waiting Period Mean?
As we age, keeping up with our health and well-being becomes increasingly essential. Complete health insurance coverage is one strategy to ensure access to appropriate medical services. However, several senior citizens may face issues concerning long waiting periods. There is a great need for senior citizen health insurance with no waiting period.
Health insurance with no waiting period implies inclusion begins from the very start or day one. Typically, you must wait months or years to avail certain insurance benefits. These waiting periods can be for specific diseases, pre-existing conditions, or general hospitalisation. For seniors, this immediate coverage is crucial because they might need urgent medical care.
How Does Zero Waiting Period in Health Insurance Work?
A Zero Waiting Period implies that when senior citizens purchase such a policy, they can avail of insurance benefits at first instance if they require urgent medical attention.
- Instant Coverage: This insurance plan is a relief to seniors as they gain cover immediately after the plan is implemented. Therefore, they gain the right to seek reimbursement for medical bills without delay. This is especially pertinent for pre-existing conditions.
- Accident Coverage: If you are hospitalised due to an accident or injury, you may immediately make a claim to cover expenses without a waiting period.
- Higher Premiums: Those premiums might be higher since they are paid to get immediate access to care, but the increased accessibility is needed is a valuable asset for elders.
List of Senior Citizen Health Insurance Plans with No Waiting Period
Several insurance companies offer senior citizen health insurance without waiting period. Here are some options:
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S.No
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Health Insurance Plans with No Waiting Period
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Sum Insured
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Pre-Existing Diseases (PED) Covered
|
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1.
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Aditya Birla Activ Health Platinum Plan
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Rs 50,000 to 2 crore
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It covers diabetes, hypertension, asthma, and heart conditions from day one.
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2.
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Star Diabetes Safe Insurance Plan
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Rs 3 lakh, 4 Lakh, 5 Lakh to 10 lakh
|
Covers diabetes and related complications.
|
|
3.
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Niva Bupa ReAssure 2.0 Plan with Smart Health+
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Rs 3 lakh to 1 crore
|
Covers conditions like diabetes, high blood pressure
|
|
4.
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Care Supreme Plan with Instant Cover
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Rs 5 lakh, 7 lakh, 10 lakh to 15 lakh
|
Covers diabetes, hypertension, asthma, and Hyperlipidemia
|
|
5.
|
HDFC ERGO Energy Health Insurance Plan
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Rs 2 lakh to 50 lakh
|
Type 1 diabetes, Type 2 diabetes, Impaired Fasting Glucose (IFG), Impaired Glucose Tolerance (IGT), High blood pressure
|
|
6.
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Universal Sompo A Plus Plan - Diamond
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Rs 3 lakh to 1 crore
|
Covers diabetes, high blood pressure
|
Conclusion
Medical coverage for senior citizens with no waiting period means that older individuals are covered when they join a health insurance plan, allowing them to access specialist care or clinics once premiums are paid. Despite potentially higher costs, the benefits associated with such health insurance plans make them a viable choice, especially for seniors.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.