Yes. The waiting period is the time after the start of a health insurance policy during which certain claims are not admissible. Waiting period refers to the time period, after the commencement of health insurance coverage, during which the policyholder is NOT eligible to register a claim for certain category of medical conditions.

Usually waiting periods apply only for first-time policy issuance and not on renewals. Renewals typically don't have waiting periods unless there's a gap in coverage.