Having a disease means eventually having to spend money on its treatment. And that’s why health insurance policies have come into being to take care of your medical expenses. With the rising medical costs and inflation, having a health insurance policy is must. However, for people having any pre-existing condition, getting a health insurance policy is difficult.
A pre-existing disease is any medical condition that a policyholder is suffering from at the time of buying a health policy. Diseases or medical conditions such as Asthma, Hypothyroidism, Hyperthyroidism, Heart Ailments, Hypertension, Diabetes Mellitus and Thalassemia and others is considered as a pre-existing disease.
Under the following circumstances, insurance companies consider any ailment as pre-existing:
Individuals having pre-existing diseases are at a much higher risk of requiring medical assistance and this is the main reason why insurance companies are a bit reluctant to provide coverage to such individuals. Not letting our insurance company about your pre-existing medical condition can result in claim refusal or even cancellation of the policy.
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