Did not disclose Pre existing disease

[rohit911]

My father took start health's family floater plan of 5L sum in 2019.
Today when I was going through the policy document, I saw that he did not disclose his diabetes in pre-existing diseases.
What shall I do now?
Will other family members insurance be affected because of this ?
Need help Asap !

 

[Shvmchhbr]

No , others family member insurance will not get affected by this . But it will certainly affect claim processing in your father case if doctor mentions something about diabetes in the ipd card at the time of hospitalization.

 

[Shvmchhbr]

I am working in GI industry since last 5 years . You can DM me if you need any kind of help .

 

[quino]

My father took start health's family floater plan of 5L sum in 2019.

The policy is past the moratorium period of 5yrs, so no claims can be rejected on the grounds of non-disclosure, or misrepresentation. So it should be fine.

Anyone working in the insurance industry should've known this.

 

[Shvmchhbr]

The policy is past the moratorium period of 5yrs, so no claims can be rejected on the grounds of non-disclosure, or misrepresentation. So it should be fine.

Anyone working in the insurance industry should've known this.

As of now i.e 28th sep .. Moratorium period is still 8 years for most of the companies. 30th sep is the last date to comply with updated IRDAI guidelines of 5 years moratorium period which may get extended as well if companies request time from IRDAI for compliance.