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Tuesday, May 10, 2016

Insurance Waiting Period

 Waiting Period in Insurance

 Other than waiting period on pre-existing ailments, there are two other types: initial waiting period of about 1-3 months, and disease-specific waiting period of 1-2 years on some ailments, such as hernia and cataract. This is included to rule out fraud or a pre-existing condition. But in case of an accident, the insurer will provide cover during the initial waiting period.
 
 
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