Pre-Existing Diseases In Health Insurance Explained
This video will discuss pre-existing diseases in health insurance policies or health insurance plans
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Edited highlights
00:00 Chapter 1 Introduction
0:04 This video will discuss pre-existing diseases in health insurance policies or health insurance plans
1:27 Chapter 2 Pre-Existing Diseases In Health Insurance Explained
1:28 People get perturbed by the conditions of pre-existing illnesses in health insurance plans
1:45 Insurance companies will cover risks that have uncertainty. That is one of the principles of insurance
1:58 Risks which are certain will not be covered
2:18 In this context, insurance companies say that if you are suffering from a certain disease or illness, then these illnesses are not covered
2:25 In some cases, they may not give any health insurance in case of some dreaded illnesses like cancer
2:39 At the same time, not all pre-existing illnesses debar a person from taking the health insurance plan
2:54 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"
3:04 So, the insurance may cover these pre-existing diseases or illnesses after 3 years of the policy
3:11 Some insurance companies cover these pre--existing diseases after 3 years and some after 4 years
3:23 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
3:44 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
3:51 The other option is that those pre-existing illnesses will be covered by 3-4 years of "cooling period"
4:12 One of the reasons why health insurance claims get rejected is because of the clause of pre-existing illnesses
4:25 While filling up the health insurance form, one shouldn't hide pre-existing diseases which is a material fact
4:52 If you hide a pre-existing disease and the insurance company gets to know about it, it will reject your health insurance claim
5:06 It is better to exclude a pre-existing disease from the health insurance coverage rather than to get your claim rejected for it
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