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  • Writer's pictureRajat Chauhan

Zero Waiting Period Health Insurance: Must-Have for People with Pre-Existing Conditions



Understanding various aspects of health insurance is always challenging, especially when one has a pre-existing condition. One of the biggest challenges is the waiting period, which is the time you have to wait before you can raise a claim, usually between one and three months after getting a medical insurance plan. You can only raise accident claims during this period. It is, therefore, important to understand the waiting period in health insurance and then look at which health insurance plan is best for people with pre-existing medical conditions to avail of a zero waiting period health insurance plan. 

 

What is a Waiting Period in Health Insurance?


In health insurance, the waiting period is a specific duration of time during which the policyholder is not allowed to file a claim for a specific medical condition. Pre-existing conditions, certain illnesses, and maternity benefits are usually not covered while the policy is in effect, and the coverage starts once the waiting period ends. However, accidents are covered.

 

Why Do Health Insurance Plans Have Waiting Periods?


Waiting periods exist to:

  • Prevent malpractices by policyholders.

  • Discourage the use of health insurance for routine medical expenses.

 

Types of Waiting Periods


Here's an overview of the different waiting periods in conventional health insurance plans:


Health Conditions

Waiting Period

Pre-existing diseases (diabetes, hypertension, etc.)

1 to 3 years

Psychiatric health conditions, Bariatric surgery, Specific diseases/illnesses

1 to 2 years

Maternity cover

9 to 24 months

Newborn baby inclusion

9 to 24 months

Initial waiting period

0 to 30 days

COVID-19 coverage

30 days

Why Choose ACKO Platinum Health Plan?


The waiting period in health insurance policies can be a major hindrance for people with pre-existing conditions to access the required medical care as soon as possible. Many of the conventional health insurance products have exclusions for pre-existing illnesses such as diabetes, hypertension, and thyroid problems, and the policyholder may have to wait for up to three years to access treatment. This can result in worsening health complications and higher medical expenses.


A zero waiting period health insurance plan, such as the ACKO Platinum Health Insurance, means that the insured can avail of the treatments from the first day of their policy. Nowadays, this feature is not just a luxury but a necessity to manage health and pre-existing conditions effectively. The no-waiting period health insurance plan or a zero waiting period health insurance plan is a beneficial option for those with pre-existing conditions as they can get full coverage immediately, thus ensuring they get the necessary treatment in case of an emergency.

 

Zero Waiting Period on ACKO Platinum Health Plan


Benefits of ACKO Platinum Health Plan


With zero waiting period health insurance, the ACKO Platinum Health Plan offers instant coverage from the beginning. The main benefits include: 


  • Zero Waiting Period: This implies that once you enrol in the plan, any pre-existing conditions you declare will be covered. For instance, if Vaibhav is a diabetic patient and needs treatment, ACKO will pay for Vaibhav’s diabetes treatment costs without any waiting period for any approved claims that he makes.

  • Zero Deductions on Claims: Here, the policyholder is paid the full amount without any amount being deducted from the hospital bill. This involves deductibles, sub-limits, or other non-healthcare expenses.

  • No Room Rent Capping: Regardless of whether you take a single room or a shared room in a hospital, your costs will remain the same. This implies that you can choose a private room and will not have to worry about being charged extra.

  • Low Premium: The health plan that ACKO offers has a fairly reasonable price for the premium, considering all the features it provides. This is because there are no commissions to middlemen, so policy costs are as low as they can be to the policyholders.


Wrapping Up!


It is, therefore, important to understand the waiting period when taking up a health insurance policy, especially for those with health complications. One key benefit that sets ACKO's Platinum Health Plan apart is its zero waiting period, which means you are covered right from day 1. So, why wait?—Switch to the ACKO Platinum Health Insurance and get all the benefits of zero waiting period health insurance, tax savings, and complete medical protection under one single policy.


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