Glossary
Initial Waiting Period
The first 30 days of a new policy, when illness claims are not paid.
Most health policies do not pay for illness in the first 30 days after the first policy starts; accidents are covered from day one. The initial wait does not repeat at renewal.
Related guides
More glossary terms
DeductibleCo-payment (Co-pay)IDV (Insured Declared Value)No Claim Bonus (NCB)Claim Settlement Ratio (CSR)Incurred Claim Ratio (ICR)
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