Waiting periods in health insurance
The time you must hold a policy before certain conditions are covered — typically thirty days initially, and two to four years for pre-existing conditions. It is the reason to buy health cover long before you need it, and the reason a lapse is so costly.
What it means
The time you must hold a policy before certain conditions are covered — typically thirty days initially, and two to four years for pre-existing conditions.
Why it matters to a household
It is the reason to buy health cover long before you need it, and the reason a lapse is so costly.
Where it trips people up
Letting a policy lapse and buying a new one. The waiting period restarts, and years of continuity are lost.
In an Indian household
Portability lets you move insurer while carrying accrued waiting periods with you, provided you switch without a break.
Where FamTally comes in
FamTally is a free AI-driven money manager built for Indian families. It holds your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and lets you ask an assistant questions about your own numbers rather than looking up general advice. Everything on this page is the kind of thing it works out for you automatically.
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FamTally keeps your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and answers questions about your own numbers. Free, and built for Indian families.
Start freeQuestions people ask
Waiting periods in health insurance
The time you must hold a policy before certain conditions are covered — typically thirty days initially, and two to four years for pre-existing conditions.
Why does it matter?
It is the reason to buy health cover long before you need it, and the reason a lapse is so costly.
What do people usually get wrong?
Letting a policy lapse and buying a new one. The waiting period restarts, and years of continuity are lost.
Is there anything India-specific?
Portability lets you move insurer while carrying accrued waiting periods with you, provided you switch without a break.