This video will discuss pre-existing diseases in health insurance policies or health insurance plans
People get perturbed by the conditions of pre-existing illnesses in health insurance plans
Insurance companies will cover risks that have an uncertainty. That is one of the principles of insurance
Risks which are certain will not be covered
In this context, insurance companies say that if you are suffering from a certain disease or illness, then these illnesses are not covered
In some cases, they may not give any health insurance in case of some dreaded illnesses like cancer
At the same time, not all pre-existing illnesses debar a person from taking the health insurance plan
There are pre-existing diseases which don't have such serious consequences , the insurance companies say that they cover those illnesses also but after a certain "cooling period"
So, the insurance may cover these pre-existing diseases or illnesses after 3 years of the policy
Some insurance companies cover these pre--existing diseases after 3 years and some after 4 years
Some even have a clause of 2 years. The coverage starts after the insured person has remain continuously been associated with the insurance company for some years
So, insurance companies can refuse any kind of insurance. Or, they could give you insurance except those pre-existing diseases which will not be covered lifelong
The other option is that those pre-existing illnesses will be covered by 3-4 years of "cooling period".
One of the reasons why health insurance claims get rejected is because of the clause of pre-existing illnesses
While filling up the health insurance form, one shouldn't hide pre-existing diseases which is a material fact
If you hide a pre-existing disease and the insurance company gets to know about it, it will reject your health insurance claim
It is better to exclude a pre-existing disease from the health insurance coverage rather than to get your claim rejected for it