What condition must be met for claims to be paid under a Cancer or Specified Policy?

For claims to be paid under a Cancer or Specified Policy, it is essential that the diagnosis occurs after the probation period. Cancer and specified disease policies often include a probation or waiting period during which claims cannot be filed or are not payable. This period is typically designed to prevent coverage for pre-existing conditions and to ensure that the policyholder becomes aware of their condition only after the policy has been in effect for a certain timeframe.

By requiring that the diagnosis occurs after the probation period, insurers protect themselves from having to cover conditions that may have been present prior to the start of the policy. This condition emphasizes the need for policyholders to be mindful of the waiting times associated with these types of insurance, as it directly impacts their eligibility for claims. Thus, having a diagnosis after this period is a crucial factor for the approval of claims under such policies.