Why You Should Buy A Covid 19 Health Insurance Policy In India?

For the past two years, COVID-19 has been in the headlines without fail. And in these two years, so many variants came and so many people lost their lives. And those who contracted the virus but survived through it had to pay high medical bills to get the proper medical treatment. If you have not contracted the virus yet, you can consider yourself really lucky. However, have you ever thought about how will you manage things if the next wave comes and you are not spared then? Do you have that kind of money for this?  All you need is the right hospital and the expenses can be managed by buying a health insurance policy.

Well, when you intend to buy a health insurance policy to get some money ready for a situation in which you have contracted the virus, then you should better purchase a COVID-19 health insurance plan.

What is COVID-19 health insurance?

COVID-19 health insurance policy is a type of health insurance plan that provides coverage for the medical costs that have been incurred while getting the treatment of COVID-19. This policy was brought out for the policyholders after the breakout of COVID-19. The policy has been proved to be a great help for people who bought this and were infected by the virus. The benefits of this type of policy can be availed of from the day from which the positive test report for the viral infection of the policyholder comes. However, with a COVID-19 health insurance policy, you cannot get coverage for a pre-existing illness.

Benefits of COVID-19 health insurance

All the health insurance policies come with certain benefits. Here are some of them mentioned below:

  • Home treatment: It is totally covered if it has been recommended by the doctor.
  • Consumable expenses: Costs involved in PPE Kit, masks, gloves, and ventilators.
  • Co-payment: In the majority of the plans, age-based co-payment is not there.
  • Cashless treatment: It is available; you just have to choose the network hospital.
  • Add-on covers: You can opt for add-on covers.

Options of COVID-19 health insurance

If you think you should get one COVID-19 health insurance policy at the earliest, then you first need to take a look at them properly. Here are a few of them mentioned:

Corona Kavach Policy

It is a standard coronavirus health insurance policy that provides coverage for hospitalization costs, ambulance costs, home care treatment expenses, expenses related to PPE costs, masks, gloves, fees charged by doctors, ICU charges incurred during the treatment. The amount of sum insured under this health insurance policy starts from INR 50,000 and can go up to INR 5 lakh. You can even add your family members under this plan as the plan also provides coverage for AYUSH treatment.

Corona Rakshak Policy

This is another COVID-19 health insurance policy that provides coverage for hospitalization expenses for a minimum period of 72 hours and more, as per the need of the treatment. When you buy this policy, you can avail of the benefits such as expenses incurred towards, PPE kit, oxygen cylinders, nebulizers, gloves, masks, oximeters, AYUSH treatment, and many more. This health insurance policy can be bought by policy buyers between the age group of 18 and 65 years. The sum insured under this policy is between INR 2.5 lakh and INR 5 lakh. If you have co-morbidity, you have to pay an additional premium.

Apart from these two, you can find other COVID-19 health insurance policies also. However, to find them and know their features and benefits, you can visit the website of IIFL today. You will come across several options for health insurance policies on this website.

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