A waiting period delays eligibility or the start of a specified benefit under the policy.
The distinction that matters
Income protection, private health and other products use different waiting-period concepts.
What to check
- Identify the product and trigger.
- Check commencement and continuity rules.
- Review the evidence required.
Example to discuss
A buyer does not assume a private health waiting period works like an income protection waiting period.
This is a hypothetical comparison, not a customer claim or a determination of cover.
Sources and further reading
General information only. The policy, schedule and applicable rules determine the actual position. For a personal decision, use an appropriately qualified adviser or the relevant provider.