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Well that depends. While it’s possible to get a health insurance policy with a pre-existing disease, it could sometimes result in a rise of premium or even policy denial in cases. If you have a pre-existing disease, then you should understand “waiting period,” before applying for a health policy.

What's the waiting period in a health insurance plan? 

The insurance firm could also be willing to cover your pre-existing illness at the usual premium however only after a waiting period. This waiting period differs for different providers and for various diseases but is typically for 2-4 years. Any hospitalization or medical invoice associated with your pre-existing illness that's incurred during this waiting period, won't be covered by the insurer. Only once the waiting period is over, the insurer will cover the costs associated with the pre-existing illness.

Premium Loading

There is also a scenario whereby you'll get instant coverage for your pre-existing illness. But, the catch here is that you have to pay a higher premium. This amount is added to the premium to cover the risks for insuring an individual already suffering from a medical condition. Premium loading for ailments like diabetes and heart diseases is extremely common.

Premium loading & waiting amount

In some crucial cases, the insurer would possibly arrange to associate with both that is to load the premium as well as apply the waiting period. Some diseases like HIV, cancer etc. are permanently excluded from your policy. Don’t let a pre-existing medical condition stop you from applying for insurance in India for pre-existing diseases.

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