Covid Insurance Plans: If the corona is infected, financial health can be disturbed due to the expenses related to it, so it is very important to have an insurance cover related to it. Insurance regulator IRDA had directed all insurance companies to cover the expenses related to the treatment of corona infected. According to the instructions, insurance companies should also include cases related to the corona virus under their policies, in which hospitalization is included in relation to other diseases. Under these instructions, insurance companies introduced policies to cover the treatment of specific corona virus and some companies have started giving cover in the current policies. Some companies are also covering the cost of vaccination. Below are information about insurance policies covering corona treatment by insurance companies.
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Star Novel Corona Virus Health Insurance Policy
This policy is issued to Individuals by Star Health Insurance. However, to get the claim, corona should be treated and admitted at the centers authorized by the government.
- Individual Sum Insured: Rs 21 thousand and Rs 42 thousand
- Premium including tax: Rs 542 for a policy of 21 thousand and Rs 1083 for 42 thousand sum insured.
- There will be no pre-acceptance medical screening.
- 16 days waiting period
- 100% of the sum insured will get a lump sum.
- People 18-65 years old will be able to buy the policy.
- Dependents – Children from 3 months to 25 years with parents
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ICICI Lombard Health Insurance COVID-19 Protection Cover
Under the existing health insurance policies, the cost of corona treatment is covered under ICICI Lombard Health Insurance. Apart from this, corona treatment is also covered under special COVID-19 protection cover.
- The government authorities will have a lump sum payment of the sum insured on the treatment of corona positive.
- Authorized government facilities will cover quarantine expenses.
- A helpline with health assistance team for hospital information and appointments.
- There will be an ambulance facility countless times and the insurance company will bear the cost of transportation.
- The policy term is one year.
- People of 18-75 years will be able to buy this policy.
- The initial waiting period for new policies is 14 days.
- If you have gone on a foreign trip after December 31, 2019, then the claim will not be received.
- If there is an outpatient treatment cover in the current policy, then corona-vaccination expenses will also be covered.
- If family members are also included in the current policy, then they will also get coverage regarding Corona.
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hdfc ergo health insurance for corona virus hospitalization
This policy covers hospital related expenses in case of corona virus infection under existing health insurance plans.
If the sum insured has been exhausted, then additional sum insured can be availed on the basis of the sum insured.
- No capping on room rent.
- Cashless facility in case of home treatment
- Expenses related to pre-hospitalization, post-hospitalization, diagnostics and consultation will be covered.
Care Health Insurance
Care Health Insurance covers hospital related expenses due to Coronavirus under its indemnity based products like Care, Care Global, Care Freedom, Care POS, Care Senior, Care Heart, Enhance, Joy. Apart from this, it also provides corona virus hospitalization coverage under its customized group products which include IPD benefits. Apart from this, travel insurance products such as Student Explore and Explore also provide this coverage.
- Cashless facilities in empaneled hospitals
- Reimbursement facilities
- Hospitalization, ICU charges and quarantine expenses in government-approved facilities
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Future Generali
Intensity-based health insurance products such as Future Generali’s Future Health Suraksha, Health Total and Future Advantage Top-Up cover the cost of corona treatment.
- In case of hospitalization for more than 24 hours, corona treatment expenses will be covered.
- Reimbursement facility on treatment in a quarantine facility authorized by the government.
- If the corona negative comes on recruitment by the government authorized authorities, then you will get the claim.
- Travel history or family history will not affect new policies.
- 100% of the sum-insured in a lump sum in confirmed cases
- In case of suspected infection, you will get 50 percent of the sum insured if you are quarantined.
- Quarantined individuals will be given 10 percent of the sum insured as an additional benefit.
Edelweiss General Insurance
Edelweiss General Insurance provides Corona related cover under existing health insurance policies.
- Hospitalization related expenses will be covered without any waiting period.
- The facility approved by the government will cover the expenses related to the quarantine.
- Travel history will not have any effect on the claim.
- Cashless hospitalization is available in network hospitals.
- Reimbursement claims have to be submitted within seven days of discharge.
- Out-of-pocket exposures up to seven days of hospital stay will be made available.
- Alternative treatment will also be covered under AYUSH.
- If unable to reach the hospital then treatment will be covered under Domiciliary Hospitalization Benefit at home also.
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Max Bupa Health Insurance
- Max Bupa Health Insurance Corona is covering the expenses of treatment under Health Premia, Heartbeat, Goactive TM and Health Campaign.
- The claim process which is in other diseases is also related to corona.
- There is a waiting period of 30 days for new policies.
- Family history or travel history will not have any effect on the claim process.
- Pre and post-hospitalization expenses will be covered.
- If in-build OPD benefits are given, then the cost of treatment at home will be reimbursed.
Aditya Birla Health Insurance
- Aditya Birla Health Insurance covers the cost of corona treatment under its indemnity based health insurance plans.
- According to the terms and conditions of the existing policies, the expenses related to corona treatment will be covered.
- Expenditure related to pre-hospitalization treatments, in-patient treatment, post-hospitalization expenses and ambulances will be covered.
Bharti AXA Group Health Assure (For DBS Bank customers)
- DBS’s Digibank, in partnership with Bharti AXA General Insurance, is providing cover to its customers for expenses related to corona treatment.
- Authorized government centers will get 100 percent of the sum insured if they are treated on Corona positive.
- If there is a quarantine in government or military hospitals for 14 days, then you will get 50 percent of the sum insured, even if it is found to be negative later.
- Sum insured up to Rs 25 thousand-2 lakh
- Premium starts at Rs 499.
- 30-day waiting period exemption
- Policy available for DBS Bank customers in the age group of 18-75 years.
- Individual Sum Insured Policy valid for one year
- The policy can be renewed if you are a customer of DBS Bank.
Digit Health Insurance
- Digit Corona Virus Insurance, which provides online insurance, is available which can be purchased through its website or its partner programs.
- Fixed Benefit Individual Health Insurance Policy
- One Year Policy
- Available to people up to 75 years old
- Sum insured from Rs.25 thousand to Rs.2 lakh available in multiples of Rs.25 thousand
- Premium starts at Rs 299.
- 100% of the sum insured on coming corona positive
- If there are quarantines in any government or military hospitals, then 50 percent of the sum insured will be available, even if found negative later.
- Multiple individuals can be clubbed under one policy. Its premium will be in multiples of Rs 25,000 per individual and sum insured.
- 15 days waiting period
- If you have traveled to some countries after 1 December 2019, then you will not be covered under the policy.
Arogya Sanjeevani
- It is a standard health insurance policy that is being offered by all the health insurance and general insurance companies of the country. According to IRDA, it will also cover the expenses related to corona treatment.
- Pricing of this product will be determined by all insurance companies.
- Premium of Rs.1,000 per Rs.1 lakh coverage
- Sum insured up to Rs 5 lakh
Bharti AXA Group Health Assure
- Lump sum benefit up to 25 thousand rupees
- If the treatment is being positive in the government facilities, then you will get 100 percent of the sum insured.
- After being quarantined for 14 days in government facilities, 50 percent of the sum insured will be available.
- Protection from the first day of policy purchase
- Premium of Rs 499 including tax
Group Hospital Cash
- During the hospitalization, a fixed amount of 500-1000 rupees per day will be available for 10 days.
- ICU cash benefit will be available.
- One Year Policy Valid
Corona Care by PhonePe and Bajaj Allianz
- On the phone, along with Bajaj Allianz, it has introduced an insurance policy regarding corona treatment.
- Sum insured up to 50 thousand rupees
- Premium starting from Rs 156
- People up to the age of 55 can take the policy
- Policy valid on any hospital treating Corona
- Pre-hospitalization and post-hospitalization expenses cover up to one month
- Pre-screening medical test is not required for the policy
- You can buy policies online on PhonePe App
- The policy documents will be available instantly through the app.
(Source: Bankbazar)
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