What do you mean by Pre-Existing Disease?
Any condition, aliment or injury or relation condition(s), for which you have had signs or symptoms, and/or diagnosed, and/or received medical advice/treatment, within 48/24* months prior to the first policy with our company (* as per selected plan), is termed pre-existing disease.
What do you mean by Waiting Period?
The duration only after which you can make a claim is called the waiting period.
What do you mean by Annual Sum Insured?
The Annual (Basic) Sum Insured is the maximum amount that an insurance company will pay you, according to the insurance contract, in the event of a claim.
If I increase my policy Sum Insured at the time of renewal, do any waiting periods apply?
Yes, waiting periods will be applicable afresh in relation to the amount by which the Sum Insured has been enhanced. For example, if the waiting period for maternity cover is 3 years, any expenses under this cover can be claimed only after 3 years from the date of policy inception