Waiting Period

What it means

Insurers commonly enforce waiting periods for pre-existing conditions and specific treatments (e.g., maternity, cataract). If you claim for a condition within its waiting period, the insurer may deny the claim.

Why it matters

• Shorter waiting periods increase policy usefulness but may raise premiums.
• Waiting periods vary by condition and by insurer—always read the policy schedule.

Practical tips

• If you have pre-existing conditions, look for portability benefits or declared-condition clauses.
• Consider multi-year coverage if it reduces the effective waiting period for renewals.
• Verify whether waiting period credit applies when porting from another insurer.