Glossary
Waiting Period
The time before certain conditions or benefits become claimable.
A waiting period is the interval before a policy will pay for specific things, such as pre-existing diseases, named illnesses, or maternity. Because these can run for years, buy cover well before you expect to need those benefits.
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)
Browse the full glossary →