PED (Pre-Existing Disease)
A plain-English definition from the DeployIT insurance technology glossary.
In short: A condition diagnosed or treated before policy purchase; subject to disclosure and waiting periods defined by regulation and product terms.
Related terms
- Waiting Period
- The time after policy start during which specified conditions or treatments aren't covered (initial, disease-specific and PED waiting periods).
- Portability
- The IRDAI-enabled right to switch health insurers while carrying forward waiting-period credits.
See this concept working in software
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