Waiting period in health insurance


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When you sign up for a new health insurance plan coverage plan, it doesn't get applied with immediate impact. The plan comes into impact after a 'waiting period', which depends on the the kind of insurance plan and other factors, such as age, your health background and the company. In other words, the insurance provider is liable to amuse any claim amount registered only after this patiently waiting interval.
If an individual goes through an accident or goes through hospitalisation during the patiently waiting interval, the customer may not be covered for a loss. As mentioned before, the concept of patiently waiting interval prevails across different kinds of plans, and the huge of patiently waiting interval may differ depending upon the insurance provider and the nature of the plan plan.




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