What are the disadvantages of Moratorium for pre-existing medical illnesses?

The disadvantage of the Moratorium approach for pre-existing conditions is that, as a general rule, all pre-existing conditions from the last 5 years are covered after a 3-year waiting period. In such a case, if you have a recurrence of a disease, you end up paying for healthcare from your pocket in the absence of health coverage.

What is Rolling Moratorium Cover?

A Rolling Moratorium Cover means that although pre-existing illnesses are excluded under the Moratorium cover, they will be covered after a 3-year waiting period if no further symptoms occur.

What are moratorium underwriting's primary benefits?

There are several benefits of moratorium underwriting primary benefits. It includes: You don't have to fill out a medical questionnaire or give your insurer any information about pre-existing medical conditions before purchasing a policy. This implies that the first process is typically substantially faster compared to complete medical underwriting.

What advantages does comprehensive medical underwriting offer?

In order to determine what is covered right away and whether a pre-existing medical condition is excluded, you must submit information about your medical history when you select complete medical underwriting. Premiums are typically less expensive, and the claims procedure is typically faster.

How does Moratorium Underwriting handle pre-existing conditions?

Under Moratorium Underwriting, pre-existing conditions are not covered until you have been symptom-free and have not received treatment for a specified period, usually two years. If you meet these criteria, the condition may be covered.

How does Full Medical Underwriting handle pre-existing conditions?

Full Medical Underwriting assesses pre-existing conditions at the time of application. Based on the disclosed medical history, the insurer may choose to cover the condition, exclude it, or apply a higher premium.

What are the advantages of Full Medical Underwriting?

Full Medical Underwriting provides clarity from the outset. You know exactly what is covered and what is excluded, allowing for better financial planning. It may also offer coverage for certain pre-existing conditions that would be excluded under Moratorium Underwriting.

Which underwriting method is quicker to set up?

Moratorium Underwriting is generally quicker to set up because it does not require detailed medical history forms to be completed. The application process is more straightforward.

Can I switch from Moratorium Underwriting to Full Medical Underwriting?

Yes, it is possible to switch from Moratorium Underwriting to Full Medical Underwriting, but it will involve a new assessment of your medical history. This may result in changes to your coverage and premiums.

Which underwriting method is better for someone with a complex medical history?

Full Medical Underwriting may be better for someone with a complex medical history because it clearly outlines what is covered and allows for the possibility of including certain pre-existing conditions. However, it may come with higher premiums or specific exclusions.

Difference Between Moratorium and Full Medical Underwriting Explained

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Disclaimer:Tata Capital Limited (“TCL”) registered with IRDAI (License No. CA0896, valid till 21-Jan-2027), acts as a Corporate Agent “Composite” for Go Digit General Insurance Limited. Please note that, TCL does not underwrite the risk or act as an insurer. For more details on the risk factors, terms and conditions please read sales brochure carefully of the Insurance Company before concluding the sale. Participation to buy insurance is purely voluntary.

The Registered office of TCL is Tata Capital Limited, 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam, Marg, Lower Parel, Mumbai-400013.
The Registered Office of Go Digit: Go Digit General Insurance Limited, 1st Floor, Fairmont, Hiranandani Business Park, Powai, Mumbai – 400076.

What is the Difference Between Moratorium and Full Medical Underwriting?

It might seem confusing for a few of us that what exactly is the difference between a moratorium and full medical underwriting. Well, both are a part of underwriting process but have a widely different meaning.

Let’s check out the striking differences between Moratorium and Full Medical Underwriting:

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Differentiating Factor	Moratorium Period	Full Medical Underwriting
Meaning	The Moratorium Period has a time limit of five years, after which your insurer cannot reject claims due to non-disclosure or misrepresentation of any PED unless there is proven fraud	In Full Medical Underwriting, the applicant is required to disclose the complete medical history to the insurance provider
Medical History	You are not required to declare any pre-existing conditions while applying.	You must complete a comprehensive questionnaire stating your pre-existing diseases, if any.
Coverage for PED Condition	Covered only after 5 years of continuous policy coverage.	Insurers may cover, exclude or apply a waiting period based on risk assessment.
Claim Settlement Process	Since the insurance provider has never asked for your previous medical history, every time you make a claim, the company assesses your medical history before making a decision. Hence, the claim settlement might take longer.	Your insurance provider has already done the complete pre-existing assessment exercise at the time of application. Hence the claims process is much smoother and faster as compared to the moratorium process.
Premium Calculation	Premium is standard for all policyholders.	Premium is personalised based on health condition.
Suitable for	Those who want quick policy approval with minimum medical checks.	Those who want clear and upfront coverage terms in a policy.

Difference Between Moratorium and Full Medical Underwriting in Health Insurance

Table of Contents

What is Moratorium Period in Health Insurance?

How is the Moratorium Period Different From the Waiting Period in Health Insurance?

What is Full Medical Underwriting in Health Insurance?