Health Insurance Policy with Pre-Existing Diseases
PRE-EXISTING DISEASES (PED)
All the insurance companies provide for coverage for PED after 4th continuous claim free years with same company without break. But no company (except Max Bupa) is ready to cover a person with a history of Bypass operation & Diabetes. Further most of the companies do loading for sub-standard life (i.e. they charge extra premium) for covering person suffering from diseases like BP etc.
At times person while taking of the policy knowingly does not declare PED and assume that after 4 claim free year, same will be covered. However the same can be refused since person has knowingly withheld the information. There are certain illness which are not known at time of taking policy but they existed at time of taking of policy, such cases may be covered by Insurance company.
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