Skip to content

NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Non-Life Insurance Products

Under a standard Indian health insurance policy, the waiting period applicable to pre-existing diseases is best described as:

The pre-existing disease waiting period is the time after the policy begins during which claims for conditions the insured already had are not payable. Once the period passes under continuous renewal, such conditions become eligible for cover, subject to policy terms.

  1. AA period after policy inception during which claims for declared pre-existing conditions are not payableCorrect
  2. BA period during which the insurer must settle all claims within 30 days
  3. CA period after hospital discharge when post-hospitalisation expenses are covered
  4. DA period after which the premium must be refunded if no claim is made

Explanation

A pre-existing disease waiting period means claims related to such declared conditions are not admissible until the stated period from inception (or continuous renewal) has elapsed. The other options describe claim settlement timelines, post-hospitalisation cover and a no-claim refund, which are different concepts.

Did you get it right without looking?

One question tells you little. A timed set on Non-Life Insurance Products shows your real accuracy, how long you take and where you lose marks.

Practise Non-Life Insurance ProductsFree diagnostic mock

More Non-Life Insurance Products questions