Insurance Awareness - Health Insurance
What is the usual waiting period before Critical Illness Insurance coverage becomes effective?
What is the usual waiting period before Critical Illness Insurance coverage becomes effective?
easy Q13 of Q15
Step-by-Step Solution
Step 1: Understand waiting period concept
Critical Illness Insurance policies generally have a waiting period to prevent immediate claims on pre-existing conditions.Final Answer:
90 days or more → Option AQuick Check:
Most policies specify a minimum waiting period of 90 days before coverage starts for critical illnesses.
Quick Trick: Always remember a 3-month waiting period for critical illness coverage.
Common Mistakes:
MISTAKES- Assuming no waiting period or confusing with health insurance waiting periods.
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