Impact of COVID-19: Medical Insurance is A New Normal


Impact of COVID-19: Medical Insurance is A New Normal

The COVID-19 pandemic is challenging in various aspects, but at the same time, it gives people a reason to take their health seriously. India is amongst the top worst-hit countries by a coronavirus. However, the demand for health insurance has increased considerably. People are now getting concerned about the repercussion of the pandemic on their health and wallets. They are making adjustments to their spending on healthcare as a result of COVID-19. Health insurance works as a financial cushion during a medical emergency. Therefore, due to the impact of coronavirus, medical insurance has become a new normal. Let's understand behind the scene reasons why people prefer to invest in different health insurance plans more now:

Increasing Awareness

Post-COVID millennials are getting more aware about their health concerns. They realize that pandemic, increased pollution, sedentary lifestyle, bad eating habits, etc. can give a jerk to their health anytime. That's why they deprioritize their purchases on their high-end lifestyle and like to invest in health insurance to protect themselves and their families.

COVID Coverage

Health insurance gives coverage against COVID-19 as well. Hospitalization and treatment expenses for corona infected covered under the policy. People are aware that one-time admission in the hospital due to coronavirus can derail their health and finances. So, they analyze the importance of health insurance, and for most of them, it becomes the priority. 

>>Click Here to Read How to Buy Health Insurance Online When You Are Corona Lockdown

Additional Benefits

Adequate medical insurance not only gives coverage against hospitalization expenses for coronavirus but also offers additional benefits like no-claim bonus, the double sum insured, international second opinion and reduction in PED (pre-existing disease) wait period add-ons, etc. Moreover, it covers several chronic and critical illnesses, such as diabetes, hypertension, cancer, kidney failure, stroke, etc. The extensive coverage makes it a beneficial source of investment.

>>Click Here to Read How to Boost your Health Insurance Coverage with Add-on Covers

Women are Keener

Another trend that noticed post-COVID is women are keener to buy health insurance plans. Guarding against critical and chronic diseases along with the coverage for corona treatment are the reasons women tend to invest in medical policy than other purchasing. They like to secure themselves and their families and want to have an umbrella of protection in this tough time. 

Rising Inflation

Medical advancement is one of the reasons for increasing medical inflation pre-COVID. However, after the corona outbreak, the scarcity of medical supplies and high demand has also increased the medical inflation rate. Hospitalization, medicines, and treatment costs touch the sky and get out of reach for the common mass. Therefore, to combat the ill-effects of inflation, a medical policy is a wise choice.

>>Also Read Why Your Corporate Policy is Not Enough During Medical Inflation


Thus, post coronavirus, millennials realized the value of comprehensive health insurance plans. With the growing incidence, they now tend to invest more in medical policy than on their lifestyle. They are worried about their treatment costs and apprehend the importance of being insured early. If you are also looking for adequate family health insurance policy opt for Care Health Policy. It is a hand-picked medical insurance policy offered by Care Health Insurance that not only gives you coverage for coronavirus (subject to policy terms & conditions) but also covers chronic and critical illnesses. It is the best health insurance plan that suits to every pocket and provides broader coverage with numerous benefits.

So, buy it now and bid farewell to all your myriad health issues post-COVID 19. 

Disclaimer: Underwriting of claims for COVID-19 is subject to policy terms and conditions.

View Our Editorial Policy


+91 verified
Please enter a valid mobile number
Please enter a valid Full Name
I have read and agree to the Terms & Conditions
Please select terms and conditions
Get updates on WhatsApp

Articles By Category

Health Insurance Articles
Family Family
Senior Citizens Senior Citizens
Maternity Maternity
Surgery Surgery
Heart Heart
Tax & Investments Tax & Investments
Lifestyle Lifestyle
Awareness Days Awareness Days
Child Care Child Care
Money Saving Tips Money Saving Tips
Festive Days Festive Days
Covid-19 Covid-19
Travel Insurance Articles
International International
Student Student
Travel Tips Travel Tips
Visa Visa
Passport Passport
Insurance Guide
Health Health
Travel Travel
Reach out to us
Whatsapp Chat 8860402452



Chat with Us

Please Select Chat Option ×
Buy New policy To explore and buy a new policy
Existing policy enquiry for assistance with your existing policy