Close
Close

Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term

Protect Your family’s financial future with Kotak e-Term. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Guaranteed Savings Plan

A plan that offers long term savings and insurance in one premium. Know more

Kotak e-Invest

Insurance and investment in one plan with Kotak e-Invest. Know more

Close

Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

Health Insurance Plans for a Pre Existing Condition

Health Insurance Plans for a Pre-Existing Condition - All you need to know about pre existing conditions in a health insurance plan in this article. Visit Kotak Life to know more on Health Insurance

  • Mar 12, 2021
  • 1,833 Views

When you suffer from chronic health conditions, the odds of medical emergencies increase. But for this very reason, insurers tend to avoid issuing health covers to people with pre-existing medical conditions. Such diseases raise the probability of frequent health claims. Without the safety net of health insurance, how do you prevent the rising healthcare costs from affecting your savings?

Fortunately, even with pre-existing conditions, you can get health insurance. But the coverage is subject to specific conditions. Awareness about the rules can help you find the right financial cushion for medical contingencies. The first step is to understand what pre-existing disease (PED) means.

What is PED in health insurance?

Pre-existing conditions refer to any disease or injury for which you were diagnosed or have undergone treatment in the 48 months preceding your health plan purchase date.

However, past medical treatments for minor health problems like seasonal flu or cold will not impact your access to a health plan. Only conditions that can lead to significant health complications are classified as PEDs. Some examples include diabetes, hypertension, heart attack, and other critical disorders.

How to get health insurance with PEDs?

  • Never suppress information about your health conditions.
  • Premiums and availability of health insurance depend on your medical history. But, to avoid rejection of your health cover application or hefty premiums, do not provide inaccurate details to your insurer.

    Claim settlement requires treatment details. Your current treatments can depend on your past medical history. Thus, your treatment details may record your past medical problems. Therefore, your insurance provider will discover your PED. If they find out that you have suppressed facts, they can decline payouts.

  • You may have to pass through a waiting period.
  • Many health insurance policies cover PEDs after a gap of two to four years called the ‘waiting period’. During this phase, you cannot raise claims for treatments, medical bills, or doctors fees for your PEDs. But your insurer will settle claims for other medical expenses covered in your policy.

  • Consider buying coverage for critical illnesses.
  • Diabetes increases the risk of heart disease and liver damage. High blood cholesterol levels, hypertension, and diabetes also increase the risk of stroke and heart problems.

    Hence, a history of high blood pressure, elevated blood sugar and cholesterol levels, and similar lifestyle disorders makes critical illness insurance essential. Ailments like heart attack, stroke, and liver cirrhosis can result from PEDs. These disorders often require expensive long-term treatments. The costs of quality healthcare can lead to debts or sale of assets, disrupting your financial stability.

Critical illness insurance offers lump-sum payouts upfront on the detection of such life-threatening ailments. It can fund your therapies, keeping your finances unaffected. Also, unlike regular mediclaim policies, you need not produce hospital bills to claim payouts. You are free to undergo treatment anywhere you choose.

To meet specific healthcare needs for critical illnesses, Kotak Life has introduced the Kotak Health Shield plan. It covers four critical diseases under a single policy:

  • Cancer
  • Cardiac problems
  • Liver diseases
  • Nerve-related disorders such as damages from stroke

You can also extend your base coverage through optional benefits, including:

  • Daily Hospitalisation Cash to meet extra medical expenses not included under the plan
  • Premium Waiver on the diagnosis of listed conditions, keeping the coverage in-force even if you fail to pay premiums
  • Income Benefit to shield your family from financial shortfalls if you face a career break due to ill health

Hence, if you are suffering from PEDs, you can buy the Kotak Health Shield health plan. It can provide relief from the financial burden of adequate medical assistance arising as aftermaths of your PEDs.

Kotak e-Term

Download Brochure

Features

  • Life Cover till 85 years for Life & Life Secure Option
  • 3 Payout Options
  • Special Rates for Women
  • Option to exit the policy with premium refund at the age of 60*
  • Special Rates for Non-Tobacco Users
  • Free Medical Check Up every 5th year**

Ref. No. KLI/22-23/E-BB/2435

T&C

- A Consumer Education Initiative series by Kotak Life

Similar Articles

5 Reasons to Own Both Health Insurance and Term Insurance

How to File Health Insurance Claims?

How Much Should I be Paying for Health Insurance?

What is Telemedicine? How to Seek Medical Treatment Remotely?

10 Effects of Fast Food on Your Body

Why Should You Opt for Cancer Insurance?

How to Claim Tax Benefits on Medical Insurance Premium?

Health Insurance with or Without Medical Tests? Which is Better

6 Common Myths about Health Insurance

5 Reasons to Consider Investing in Health Care

Heart and Cancer Insurance

Everything You Need to Know About the Ayushman Bharat Health Insurance Scheme

How To Choose A Good Health Insurance Plan?

What is Disability Insurance?

Why Opting for Short Term Health Insurance Plans is a Wise Idea?

Why You Need to Know About the Critical Illness Plan?

Things to keep in mind before buying a health insurance plan for diabetics

7 Reason Why Should You Buy a Health Insurance Plan in Your 20s?

Why You Must Review Your Health Insurance Policy/ Plan Every Year?

What is the Right Age to Buy Health Insurance Policy?

Guide on Fraudulent Health Insurance Claims in India

5 things to consider while renewing a health insurance policy

Are You Covered for the Home Treatment Cost Under Your Health Insurance Policy?

Tips to Reduce Your Health Insurance Premium

How wellness benefits can help reduce your health insurance premium

What Medical Expenses Can You Claim in Health Insurance Plans?

What is OPD Cover in Health Insurance?

Health Insurance Plan for Cancer: What You Should Know on Symptoms and Diagnosis of Cancer

Why You Must Review Your Health Insurance Plan Every Year

What is BMI Calculator, and why is it Important?

Buying Health Insurance with A Pre-Existing Illness? Things You Should Know

5 Reasons to Buy Health Insurance in 2021

How do I Choose a good Health Insurance Plan?

Health Insurance for Liver: What You Should Know About the Symptoms and Diagnosis of Liver Problems

What Does Health Insurance Not Cover?

What Is the Restoration Benefit in Health Insurance?

How Your Eating Habits Affect Your Health & How to Change Them

Stress and Heart Health: 4 Things You Should Know

Saving Tax on Your Health Insurance

Healthy Habits to Avoid Falling Sick During Monsoon

What do Health Insurance Plans Cover?

All You Need To Know About No-Claim Bonus In Health Insurance

Why Your Health Insurance Cover Could be Insufficient?

Which One is Better: Mediclaim or Health Insurance?

Rashtriya Swasthya Bima Yojana: Eligibility, Coverage, Benefits

What is International Health Insurance? Meaning, Importance and Benefits

Why You Must Disclose Your Pre-Existing Conditions When You Buy Health Insurance

What are the Documents Required for Buying a Health Insurance Plan?

Is Health Insurance the Same as Medical Insurance?

Health Insurance Plan for Heart – What you Should Know on Symptoms and Diagnosis of Heart-Related Disease?

Is Health Insurance Non-taxable?

How is Health Insurance Cost Calculated?

Everything You Need to Know About Accidental Insurance Policy

What is the Persistency Ratio and Why Does it Matter to the Health Insurance Sector?

Does Critical Illness Insurance Cover Stroke?

How to Switch to A Different Health Insurance Company?

Why is Cardiac Care Plan a boon for Heart Patients?

Choosing Health Insurance for Senior Citizens

Steps to Appeal A Health Insurance Claim Denial

Types of Health Insurance You Must Know About

Critical Illness Insurance for Alzheimer's Disease

Key Factors that Decide Your Eligibility for Buying Health Insurance Plans

What is Health Insurance and Why do You Need it?

How Much Of Health Insurance Is Tax Deductible?

10 Preventative Measures for Diabetes

Protect Your Family with Health Insurance Today

Top Five Institutes for Free Cancer Treatments in India

The Importance of a Health Insurance Claim Ratio

7 Things to Audit in Your Health Insurance Plan

Basics of Health Insurance

Tax Benefits on Health Insurance Plans

What are Health Insurance Premiums? How are they Calculated?

Why You Must Disclose Your Pre-Existing Conditions While Buying Health Insurance?

Section 80D: Everything You Need to About Income Tax Deduction for Medical Expenditure

What is the Difference Between a Mediclaim Policy, Health Insurance and Term Insurance?

Health Insurance Coverage for HIV Patients

Health Insurance for Personal Accidents

Health Insurance for Brain Tumour: What You Should Know on Symptoms & Diagnosis of Brain Tumour

Benefits of Health Insurance You May Not Know About

Everything You Need to Know About Health Insurance for Parents

Factors to Consider While Choosing a Health Insurance Plan for Your Parents

Critical Illness Can Disrupt Family's Financial Goals and How Health Insurance Can be Useful

How Is Your Health Insurance Premium Affected By Age?

Difference Between Open Heart and Bypass Surgery

Seven Preventive Measures for Heart Related Illness

A Millennial’s Guide to Buying Health Insurance

What Is the Restoration Benefit in Health Insurance Plan?

Health Insurance for Students Who Study Abroad

Why do Patients with Hypertension Need Health Insurance?

What is Single Premium in Health Insurance?

How to Transfer Your Health Insurance Cover Without Losing Benefits?

Which Health Insurance Plans Cover Your Family Members?

Key Difference between Health Insurance and Mediclaim Policy

How Much Health Insurance Cover Should You Opt For?

List of Critical Illnesses Covered in Health and Life Insurance Plans

Health Insurance Plan for Family

Is Cataract Surgery Covered under Health Insurance in India?

Do Add-On For Health Insurance Policies Really Add Value?

Health Insurance Coverage: Day Care Treatment Vs OPD Treatment

How to Choose a Right Health Insurance Plan?