Waiting period on NCB/Multiplier benefit
Say SI for a health insurance policy for 21-22 was 10 lacs
SI for 22-23 is 10 lacs + 5 lacs NCB/Multiplier benefits. Now is there any waiting period on this amount of 5 lacs? or Is it counted along with 10 lacs i.e. 15 lacs total Insured amount in total and waiting period as follows-
Section 5(i)- Total amount that can be claimed 15 lacs (10+5) as waiting period of 1 year has passed
Sectiion 5(ii)- Waiting period of 1 year remaining on 15 lacs
Section 5(iii)- Waiting period of 2 years remaining on 15 lacs (PED or not, just trying to understand)
Is there a specific IRDAI guideline about this?