Hello! The waiting period, also known as the observation period or exemption period, refers to the period when the life insurance contract comes into effect, even if an insurance accident occurs, the beneficiary cannot get insurance compensation. This period of time is called waiting period. The purpose of setting the waiting period is to prevent the insured from taking out insurance immediately knowing that an insurance accident will occur.

In general, the waiting period of medical insurance is 90- 180 days, which is generally calculated from the effective date or reinstatement date of the contract and only applies to the first insurance year. For renewable policies, there is generally no waiting period in the renewal year.

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