Oaktree Financial Planning

  Introduction Ailments that the insured had prior to purchasing health insurance are known as pre-existing conditions. According to IRDAI, a condition is considered pre-existing if the insured person received a diagnosis of it up to 48 months before obtaining the insurance. All chronic disorders, such as diabetes, asthma, high blood pressure, thyroid disease, and more, are regarded as pre-existing ailments. Pre-existing diseases in a health insurance plan: There is a pre-existing condition clause in every health insurance policy. For those who have pre-existing diseases, buying health insurance may be difficult. Prior to learning about the limitations on coverage for pre-existing conditions, determine what a pre-existing health condition actually implies. Pre-existing diseases waiting: In the context of health insurance, the waiting period refers to the period of time before which the insured person is not eligible to receive benefits under the policy for the listed dise...

What is Health Insurance? Medical insurance (Mediclaim), commonly referred to as health insurance, is a strategy for financial stability that covers unforeseen expenses related to care, hospitalization, and surgery. It provides financial aid to pay for surgery, hospitalization, and medical treatment costs. It is a type of insurance coverage that covers an insured person's medical and surgical expenses. What is a pre-existing illness? Diseases or health conditions the insured had before purchasing a health insurance policy are pre-existing conditions. According to IRDAI, a condition is regarded as pre-existing if the insured person had a diagnosis of it up to 48 months before enrolling in insurance. All chronic medical disorders, including diabetes, asthma, thyroid illness, high blood pressure, etc. are considered pre-existing conditions. Pre-existing diseases in a health insurance plan Every health insurance policy has a pre-existing condition clause. Those who have pre-existing di...