Okuzeka
Insurance vocabulary · Life & Health Insurance

Pre-existing condition

Meaning in insurance, with examples

nounCommon term

In insurance, pre-existing condition means: A health problem that a person already had, or had symptoms of, before their health or life insurance started.

In Turkish: sigorta öncesi mevcut hastalık, önceden var olan rahatsızlık

How it is used

A sensitive topic in health insurance sales and claims. Insurers may exclude pre-existing conditions, cover them after a waiting period or charge an extra premium. Customers must declare them on the application.

Example sentences

  1. Her asthma is a pre-existing condition, so it is excluded for the first two years.

  2. Please list any pre-existing conditions, even if they are under control.

Common collocations

  • declare a pre-existing condition
  • pre-existing condition exclusion
  • cover pre-existing conditions
  • pre-existing medical condition
  • health insuranceInsurance that pays for medical costs such as doctor visits, tests, hospital stays and surgery, up to the limits in the policy.
  • waiting periodA set time after a policy starts during which some benefits cannot yet be claimed, common in health and life insurance.
  • exclusionA situation, cause or type of loss that a policy clearly says it does not cover.
  • loadingAn extra amount added to the standard premium because a risk is higher than normal, for example because of a health condition or a dangerous job.
  • material factAny information that would affect an insurer's decision to accept a risk or the premium it charges, and that the customer must therefore disclose.

More terms: Life & Health Insurance

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This page explains English vocabulary for learners. It is not financial advice.