The exemption period or waiting period of different products of different insurance companies is different. Generally speaking, the waiting period in critical illness insurance is 90- 180 days, and the waiting period in medical insurance is 30 days. There is no exemption period and waiting period for accidental medical treatment.
The purpose of setting insurance waiting period is to prevent the insured from taking out insurance immediately when he knows that an insurance accident will happen. The waiting period is generally calculated from the effective date or reinstatement date of the contract, which is only applicable to the first insurance year. For renewable policies, there is generally no waiting period in the renewal year.