Biggest Advantage of Corporate Health Policy

Are you one of the lucky ones to have a corporate health policy? Well if yes, you should definitely thank your employer!

It’s great to have a corporate health insurance policy. Its perks are well known to most people today. 
One of the most amazing being no waiting period. 

Wondering what it means?
Let’s first talk about the waiting period, to leave no doubts for you.

Literally saying, waiting period is the time period you have to wait. You can get your insurance policy benefits of claiming the medical expenses only after this waiting period is over. 
It is applicable from the date of policy commencement. The time period is different - from a few months to a few years for different diseases & treatments. It may also vary across different insurance companies. 

Waiting period is generally always present in an individual retail health insurance policy. It can be of different types as well.

For example, the initial waiting period, maternity has a waiting period of generally 2 years, pre existing diseases have a waiting period of 3-4 years, etc. Waiting period and its terms and conditions vary depending on the condition and insurance company.

But, but, but..coming to the point of this blog - There is no waiting period in a corporate health insurance policy.
This means that you can simply begin to utilize the policy as soon as it begins. You can use the policy to claim starting the day of its inception. 

Isn’t this an amazing benefit of corporate health policies!

Be grateful if you have a corporate policy because not having any waiting period is one of the biggest advantages of corporate health policies.