Pre Existing Disease (PED)
A pre-existing disease refers to any health condition or ailment that a person may have at the time of purchasing a health insurance policy. This could include chronic conditions such as diabetes, hypertension, or asthma, or any other medical condition that the person was aware of prior to purchasing the policy.
In the context of health insurance, pre-existing diseases are typically excluded from coverage for a certain period of time, which is known as the waiting period.
During the waiting period, any medical expenses related to the pre-existing disease will not be covered by the insurance policy. However, after the waiting period is over, the insurance policy may provide coverage for the pre-existing disease as well, subject to the terms and conditions of the policy.
It's important to disclose any pre-existing diseases or medical conditions at the time of purchasing a health insurance policy, such as failure to do policy can be cancelled or claims being rejected.
For more details check out article on Pre-existing diseases
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