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What is the purpose of a waiting period?
The waiting period protects insurers from misuse by preventing people from buying a policy only when they already need treatment, ensuring the pool of policyholders stays balanced and premiums remain sustainable.
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Waiting Period (Initial, PED, Specific-Illness)
Waiting periods exist to keep insurance fair and sustainable for everyone in the pool. Understanding them prevents disappointment: most plans cover accidental hospitalisation from the start, while planned treatments tied to certain conditions become claimable only after their waiting periods end. Buying early and renewing continuously is the way to move through these periods, so that by the time you are more likely to need cover, the waiting is behind you. Some plans offer reduced or zero waiting period options for specific situations, subject to terms.