Coronavirus Pandemic: Health Insurance Policy for Novel Coronavirus (COVID-19)
Health Insurance Policy for Novel Coronavirus:- The outbreak of the novel Coronavirus (COVID-19) has been in the news form march 2020. With thelatest figures shared on 16, May 2021 by the World Health Organization (WHO) currently, the confirmed cases across the globe are 162,177,376 confirmed cases of COVID-19, including 3,364,178 deaths (as on May 16, 2021).
Currently, in India, as on May 16, 2021 there have been 24,684,077 confirmed cases of COVID-19 with including 270,284 deaths Coronavirus (COVID-19).
As of 3 May 2021, a total number of 175,171,482 vaccinated doses in India Now it is spreading widely in India as well, like Europe and the USA and other countries, therefore it is important to be prepared for any harmful circumstance in advance. But if you have a health insurance policy, the question is if the novel Coronavirus (Covid-19) disease falls under the ambit of medical insurance coverage in India or not?
What is Coronavirus?
What is Coronavirus :- in simple language Coronavirus (COVID-19) is a group of viruses that attacks the immunity of a human being causing diseases ranging from the common cold and fever to Severe Acute Respiratory Syndrome or SARS. The symptoms of Coronavirus infection are similar to those of regular flu that includes sore throat, dry cough, fever, cold, runny nose and sometimes a headache.
In late Dec 2019, a new strain of coronavirus (Covid-19) originated in China, which was unknown to humans before. It came to be known as the COVID-19.
Why do you need health insurance with Coronavires (COVID-19 ) cover?
Having an insurance plan can protect you and your family from any unexpected health emergencies in Coronavirus (Covid-19), so make sure you #ThinkAhead and choose the right policy with the right add-ons.
Customers of Tata AIG, Aditya Birla Health Insurance, Max Bupa, Star Health, Bajaj Allianz Health Insurance, Bharti AXA Health Insurance, Etc are covered to the extent of the sum insured provided by their respective policies if they happen to be hospitalized due to coronavirus (Covid-19) . With a nationwide network of affiliated hospitals, cashless hospitalization facility, and a competitive claim settlement.
Health insurance coverage (Covid-19) in India or not ?
Health insurance for Noval coronavirus (Covid-19) cover will be available from the day the insured gets diagnosed with the disease. This is because coronavirus (Covid-19) is a new disease and therefore, does not come under the category of pre-existing illness.
Coronavirus (Covid-19) Health Insurance refers to an insurance policy that covers the medical expenses incurred on the treatment of Coronavirus (COVID-19) is a viral infection, a comprehensive health insurance policy pays off pre hospitalization expenses & post hospitalization expenses including in-patient and out-patient expenses, incurred on the treatment of COVID-19.
Types of Coronavirus Health Insurance
Types of Coronavirus Health Insurance:- If you are looking for a specific health insurance cover for Noval Coronavirus (COVID-19) then you can consider standard health insurance policy that cover all medical expenses incurred during the treatment of Coronavirus (COVID-19).
These are two standard products that have been recently launched as per the IRDAI (Insurance Regulatory and Development Authority) guidelines. And the policy terms remain the same across all the health and general insurance companies in India.
Corona Kavach Insurance Policy |
Corona Rakshak Policy |
Coronavirus Group Health Insurance |
| The Corona Kavach policy is a standard coronavirus health insurance policy that covers hospital expenses, the cost of home care, ICU charges, ambulance costs, the cost of PPE equipment, medication, gloves, doctor’s fees, and intensive care costs incurred during treatment for the Coronavirus COVID-19 pandemic. The sum insured starts from 50,000.00 rupees and goes up to 5 lakh rupees. You can get your family covered by this Health Insurance plan which also pays for Ayush treatment in India.
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The Corona Rakshak policy is also a Corona Vires (COVID-19) specific health insurance policy that pays for hospitalization of a minimum of 72 hours and more, as required for Coronavirus (COVID-19 ) treatment. The policy covers expenses related to PPE, nebulizers, masks, gloves, oximeters, AYUSH treatment oxygen cylinders for treatment of Covid 19, etc. which are limited by a regular health insurance policy. This COVID-19 insurance policy is available for people between the ages of 18 years to 65 years on a one-time insurance basis ranging from 2.5 lakh rupees to 5 Lakh rupees. Applicants with co-morbidity can also be insured by paying an additional premium in health insurance.
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Also Option available Coronavirus Group Health Insurance If you are covered under a group health insurance policy, then you need to check withyour insurer if it covers Covid-19 treatment expenses. However, if your group health insurance policy is either Corona Rakshak Insurance Policy or Corona Kavach InsurancePolicy then you are surely coveredfor the COVID-19 hospitalization in India.
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