What is the best health insurance policy based on the coronavirus?
What is affected by Coronavirus?
It infects you in your nose, sinuses, and upper throat. In severe situations, it will lead to respiratory illnesses such as pneumonia, kidney failure, and also multiple organ failure. Therefore, it has been a fatal disease for people age above 60 and who are facing some critical pre-medical conditions.
The outbreak of the novel Coronavirus (COVID-19) has been in news for more than the last 1 year. But unfortunately, there is no foreseeable end to this disease visible at the moment. It has expanded a lot and has covered almost all parts of the world.
As you can see and hear on the news channels, a vast amount of the Indian population has been affected by the novel Coronavirus (COVID-19). As of 9th April 2021, there were about 9,79,608 cases of Coronavirus (COVID-19) reported in the country. The growing number of cases is a matter of concern for all of us.
It is important for everyone to follow preventive actions so that they don’t face the harshness of this disease. It is in your hands to save yourself and your family members.
There are also certain questions related to coronavirus and health insurance. For instance, if you have health insurance, then will it cover the Coronavirus (COVID-19)?
We know that most of you have this question in your mind. Well! Health insurance companies in India are covering the hospitalization cost arising out of coronavirus. Let’s read about it.
Coronavirus Health Insurance
It is a health insurance plan that covers the medical expenses incurred during the time of treatment of COVID-19. It is specially designed in such a way so that it covers the hospitalization expenses of the policyholder. You can see on the website that most of the health insurance companies are covering the medical expenses related to coronavirus.
Since it is a viral infection, a comprehensive health insurance plan pays off the pre and post-hospitalization bills including the in and out-patient expenses, incurred during the time of COVID-19.
The coverage would be available from Day 1 when you are diagnosed with the Coronavirus.
Benefits of Coronavirus Health Insurance Policy
Some benefits that are available with coronavirus health insurance policy are:
- Coronavirus Treatment
- Home Treatment
- Consumable Expenses
- Cashless Treatment
- Add-on Covers
Types of Coronavirus Health Insurance
If you are looking for specific health insurance for coronavirus then you can opt for a standard health insurance policy that helps in covering all medical expenses during the time of treatment of COVID-19.
These two insurance policies have been launched under the guidelines of IRDAI. The policy terms remain the same across all general and health insurance policies in India. Let’s check out:
Corona Kavach Policy: It is a standard coronavirus health insurance plan that covers hospitalization, home care treatment, ambulance, PPE kits, doctor fees, ICU, medicines expenses, etc. You can even get your family covered under this plan.
Corona Rakshak Policy: It is the specific health insurance policy for coronavirus that pays for hospitalization of a minimum of 72 hours and more as per the requirement for COVID-19 treatment in India. It also covers each expense, which incurred during the time of COVID-19.
Coronavirus Group Health Insurance: If you covered under the group health insurance, then you must need to check with your insurance provider to understand its coverage.
The situation has now worsened up. So, you should understand the severity and must take the proper precautions to be safe and secured. Also, a health insurance policy for coverage of Coronavirus is important to have.
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