What Should I Consider When Buying Insurance With Pre-Existing Conditions?

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When buying health insurance with pre-existing conditions, always reveal all health history honestly, comparing healthcare plans to get the shortest waiting periods, and checking for specific exclusions or co-payment clauses. Opt for a higher sum insured to manage inflation and ensure comprehensive coverage, often available after 2-3 years. However, some specific plans cover pre-existing disease from day 1. Since PED increase risk, insurers may charge a higher premium and offer limited coverage.


Key Considerations When Buying Health Insurance With a Pre-Existing Condition



  • Honest Disclosure: Never hide a pre-existing disease (PED) from your insurer. Disclose all illnesses diagnosed or treated before buying it. Hiding health history can result in policy cancellation or claim rejection during medical emergencies.

  • Waiting Periods: Understand that insurance providers impose waiting periods, often up to 3 years, before covering pre-existing ailment expenses. Go for plans with a shorter period.

  • Waiting Period Exclusions: Some medicliam policies may permanently

  • Slightly High Premiums: People with pre-existing diseases have to pay higher premiums as insurers assume that they are more prone to raise claims.

  • Co-payment & Sub-limits: Prefer health plans without “co-payment” clauses or low sub-limits on specific treatments.

  • Network Hospitals: Ensure the insurance provider has a wide network of hospitals for easy cashless treatment access.


Why Disclose Pre-Existing Diseases to Your Insurer?


When buying a health plan, it is essential to be honest about any PEDs you may have. In contrast, many people think that hiding PED can help secure a lower health insurance premium, but it can result in serious consequences. If your insurance provider discovers that you have not revealed your pre-existing conditions, they hold the authority to reject your claim, especially if the treatment is related to that undisclosed illness. This could leave you facing expensive medical bills without financial support. Non-disclosure of PED can also result in policy cancellation, leaving you uninsured.