Everything You Wanted To Know About The Waiting Period In Health Insurance

When buying health insurance, you might have come across the term ‘waiting period’. Have you ever wondered what is meant by ‘waiting period’ in your health insurance plan? Also, did you know that there is more than just one type of waiting period? In this article, we will shed some light on what is meant by the waiting period in your coverage and also take you through the various types of waiting periods. Let’s get started!

What is waiting period in health insurance?

The waiting period is a period that you have to ‘wait out’ before being able to make claims on your health insurance plan. The extent of the waiting period can vary between insurance companies. There are different types of waiting periods which we will look at in the next section of this article.

What are the different types of waiting periods in health insurance?

In a health insurance plan, you will mainly come across 3 types of waiting periods:

1. Initial waiting period upon purchase

This is an initial waiting period that is applicable as soon as you buy a new policy. It generally lasts around 30 days, though for some insurers this period could be slightly longer. You cannot make any claims for hospitalization during this time. You may, however, be allowed to make claims for accidental hospitalization.

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