Everything You Should Know About Coronavirus Health Insurance
The novel coronavirus disease (COVID-19) had jolted the world after the first human case was reported in December 2019, with the count of cases today at 102,034,770 worldwide (according to Worldometer). In India, the total confirmed cases are 10,720,971 till now. A total of 10,394,352 persons in India have recovered, but for those battling the ailment, there is utmost necessity to get the best medical facility.
Scientists have found success in discovering an effective COVID-19 vaccine. However, until we get a vaccine shot, it is a precarious situation that calls for the strictest safety measures to protect our loved ones. In the present scenario of uncertainties and possible health risks, a health insurance plan works like a protective shield for your finances and secures your health in the best way.
What is Coronavirus Health Insurance?
Care Health Insurance offered the most comprehensive health insurance with coronavirus cover. It is a policy that provides coverage for COVID-19 treatment expenses, including hospitalization, daycare treatments, quarantine, and also non-payable items.
As you embrace the new normal, get a safety net for your family with a corona mediclaim insurance plan, covering a range of treatment costs, such as in-patient care, ambulance charges, ICU charges, AYUSH treatment, etc., on a cashless or reimbursement basis.
Importance of Coronavirus Health Insurance
With the outbreak of the Coronavirus disease or COVID-19, the world saw extraordinary events in 2020. It has made people stay confined in their houses and impacted business operations, thus affecting the world economy. Moreover, health experts say that people, especially those in the vulnerable category, are prone to the dangers and other complications due to the disease. In times like these, taking precautionary measures is the only way to a healthier future. Also, it involves preparing for any medical emergency and taking steps to protect your finances by investing in Corona mediclaim policy.
The outbreak of the pandemic has impacted economic activities. When there is a likelihood of financial problems, it is challenging to deal with a medical emergency without a safety cushion. Prior planning and the right investment will keep worries at bay. So, choose coronavirus health insurance in India and ensure your loved ones' well-being. Opting for this policy is an easy process as you can select your policy and pay the premium online without having to step out of the house.
Types of Coronavirus Health Insurance
We understand that healthcare needs vary, so we offer customized health insurance policies. Below are some of our hand-picked medical insurance policies provide coronavirus coverage.
Health Insurance with Coronavirus Coverage
It is the most comprehensive health insurance policy for you and your family with COVID-19 cover. You can opt for it as an individual or family floater to ensure complete protection against Corona and other life-threatening diseases. Whether it is in-patient hospitalization, pre and post hospitalization, daycare treatments, domiciliary hospitalization, advanced treatments, AYUSH treatment, etc., it offers maximum coverage.
Corona Kavach Policy
It is the dedicated health insurance for coronavirus that you can get for yourself and your family. It covers hospitalization and medication costs for the COVID-19 treatment and gives comprehensive coverage so that you can recover faster without financial stress amid pandemic.
The treatment and medication costs for chronic diseases like diabetes, hypertension, etc., have become out of pocket expenses, and Corona made it more difficult. Therefore, we offer Care Freedom to solve our customers' healthcare problems. It is one of our unique insurance policies that provide coverage for diabetes and hypertension patients with coronavirus treatment cover.
Care for Senior Citizens
It's a difficult time for our senior citizens. To make their second innings healthy in this corona phase, we offer Care for Senior Citizens. It is a comprehensive health insurance policy with COVID cover for individuals above 61 years. From cashless hospitalization to AYUSH treatment, it gives complete coverage and helps senior citizens to live a healthy and peaceful life.
COVID-19 makes your heart beat faster. But, do not worry! We have Care Heart- a holistic heart care plan covering hospitalization expenses due to heart ailments with COVID coverage as an additional benefit. It covers 16 major heart ailments, and you can get it in easy EMIs.
JOY is a perfect blend of health insurance and protection that offers several thoughtfully designed features and benefits to women and her newborn with coronavirus coverage. With JOY Today and JOY Tomorrow, you can welcome your bundle of joy stress-free during the pandemic.
Super Top-UP Insurance
Our super top-up insurance Enhance acts like a Stepney to your existing health insurance if you exhaust the current sum insured. We consider the cumulative hospital expenses under this plan and cover multiple claims in a policy year. With COVID cover, it gives you a financial cushion to cope with those extra healthcare expenditures.
Key Benefits of Coronavirus Health Insurance Policy
Our customized health policies with coronavirus cover offer below significant benefits:
Cashless Treatment: Get cashless treatment at our 8350+ network hospitals across the country. We will directly settle your bills for the treatment of COVID-19 to the hospital, subject to policy terms and conditions.
COVID Care: It is an add-on cover that includes the medical expenses incurred for treatment and/or quarantines for COVID-19 with a positive confirmation diagnosis from Government Authorized Centre.
CARE Shield: It comes with three-fold benefits Claim Shield/No Claim Bonus Shield/Inflation Shield.
- Claim Shield- You will get coverage for non-payable items such as gloves, masks, etc., under Care Shield.
- No Claim Bonus Shield- If the total payable claim amount in Policy Year is <25% Sum Insured, then the No Claim Bonus (No Claim Bonus Super, if opted) as applicable in the base product shall not be reduced.
- Inflation Shield- Your base policy Sum Insured will be increased on a cumulative basis at each renewal based on the previous year's inflation rate.
In-patient Care: If you are admitted to a hospital for in-patient care for a minimum of 24 consecutive hours due to coronavirus, if advised by the medical practitioner, we cover your expenses.
Day Care Treatment: We will repay your Day Care Treatment expenses up to the sum insured for the period of treatment in the Hospital/Day Care Centre does not exceed 24 hours.
Sub-limits on Coverage for Quarantine: We will indemnify your treatment expenses incurred up to 1% Sum Insured per day maximum up to 30 days under the policy.
Pre and Post Hospitalization Medical Expenses: We cover pre and post-hospitalization medical expenses for 30 days immediately before your admission date and for 60 days immediately after your date of discharge from the hospital.
OPD Cover: Now, OPD expenses won't give you financial stress. Avail Out-Patient consultations, Diagnostic Examinations, and Pharmacy expenses, up to the specified amount, after a positive confirmative COVID-19 diagnosis.
Online Facility: You can opt for coronavirus health insurance in a few clicks while sitting in the comfort of your home.
Less Waiting Period: It is a sigh of relief. Our health insurance policies with COVID Cover has only 15 days waiting period right after the policy issuance.
Tax Benefits: Get tax exemption up to Rs 1,00,000 as per section 80D of the Income Tax Act. (It is applicable if both the proposer and insured are above 60 years.) and save more.
What is Covered under Coronavirus Health Insurance Policy?
Listed below are the inclusions under coronavirus health insurance:
- Wide Range of Sum Insured up to 1 Crore
- *Coverage for COVID 19
- 15 days Wait period for COVID Treatment
- Coverage for Modern Treatments like Robotic Surgery, HIV/AIDS, etc.
- Annual Health Checkup for all insured members
- AYUSH Coverage
- Cover 541 daycare treatments
- Automatic recharge
- Up to 150% increase in sum insured with NCB
What is not Covered (Exclusions) under Health Insurance Policy with Coronavirus Cover?
Understand the below exclusions of health insurance with COVID-19 cover:
- Any pre-existing ailment/injury that diagnosed/acquired within 48 months before the issuance of the first policy
- External Congenital Diseases
- Cost of Spectacles/contact lenses or dental treatment
- Expenses arise out to or attributable to alcohol or drug use/misuse/abuse
- Any diseases contracted before the initial waiting period of 30 days except those arising out of an accident
How to Buy Health Insurance for Coronavirus?
It often becomes confusing to choose among the plethora of health insurance plans. Listed below are some really crucial factor that you should consider while selecting coronavirus health insurance:
- Check eligibility criteria and look for the plan that offers lifelong renewability
- Go for the policy that offers you maximum coverage with minimal exclusions
- Compare the health insurance premium and opt for the most affordable one
- Look for the discounts or additional benefits
- Check if the policy covers diagnostic and home care
- Opt for the plan with nominal sub-limit
- Check the list of the network hospitals
Can You Opt for Health Insurance Cover For Coronavirus?
COVID-19 has alarmed people and change the meaning of 'normal' with which we were familiar. Elderly family members at home, and those having a medical condition, in particular, need to take the best possible precautions as they face higher risks. Among other precautionary measures, choosing the best covid mediclaim plan should be on your priority list.
It is also essential to quell the fears and myths about the disease. We need to stay calm and follow hygienic habits to prevent an infection. Many people seek an answer to whether their health insurance plans would give them financial safety and coverage for treatment if they are diagnosed with coronavirus disease. Read this article, to know more:
Is Coronavirus Covered Under My Existing Health Insurance policy?
A person who already has an existing health insurance policy will get coverage for coronavirus treatment, subject to policy T&C. However, those opting for a health policy after contracting the disease may not get immediate coverage as every policy has a waiting period.
Remember to know about the eligibility for getting coverage under a covid 19 health insurance policy. For this, read the policy documents carefully.
Read FAQS on Coronavirus
Important facts on Coronavirus Health Insurance Cover
A Covid mediclaim plan is the need of the hour, given that treatment can be expensive. It will safeguard you and ease the process of recovery without any financial burden.
Those individuals who already have an existing health cover should be aware of the type of expenses their policy would cover, the benefits and sum insured they need, and much more.
Mentioned below are some essential facts to know:
- Sum insured: COVID-19 is a dangerous disease. People whose immune system is weak and the elderly are at greater risk. The treatment mainly focuses on providing relief to the patients from symptoms they show and efforts to prevent organ damage. Having a Corona mediclaim policy with a high sum insured is recommended for anyone, especially when healthcare costs are expensive.
- Waiting Period: Usually, medical insurance policies in India have a 30-day initial waiting period. That is, for getting cover for any treatment, except for emergencies like accidents, the policyholder must wait for 30 days.But, we offer coronavirus health insurance with 15 days waiting period.
- Coverage: Health insurance plans with coronavirus cover include a wide range of medical expenses, such as in-patient hospitalization, pre-hospitalization care - usually from 30 days before getting hospitalized, post-hospitalization care - generally for a period up to 60 days after discharge from hospital, ambulance, and ICU charges, etc.
Pandemic is a serious situation, and hence it hints at the need to opt for a plan that gives adequate coverage.
How to Claim Under Coronavirus Health Insurance?
In addition to the precautions, having the support of a corona insurance plan is advisable. A coronavirus health insurance plan offers coverage for various illnesses, including COVID-19. Getting affected by COVID is considered a medical emergency. During such unforeseen events, one can file a hassle-free claim under our policy in any of the two ways:
- Cashless treatment: Opt for cashless health insurance as you can get medical treatment in any of our network hospitals. It is beneficial as you are not required to make any payment; instead, we will settle the expenses directly with the hospital, subject to policy terms and conditions.
- Reimbursement: YYou can file for the reimbursement of expenses if you get treatment at a non-network hospital. In this case, you would have to initially bear the burden of paying hospital bills. You can later submit the necessary documents like medical reports and bills to get the expenses reimbursed under the Corona mediclaim insurance.
FAQs on Coronavirus Health Insurance
Which Products from Care Health Insurance Cover Treatment Expenses for Coronavirus?
Our indemnity based health insurance products, namely Care, Care Freedom, Care for Senior Citizens, Care Global, Enhance, Care Heart, Joy, Care POS, and customized Group products with IPD benefit provide cover for hospitalization-based coronavirus treatment. Furthermore, travel insurance products by CHI - Explore and Student Explore also offer the same coverage.*
How Can I Buy Best Corona Health Insurance Plan Online?
Visit our official website, fill required details, get the quote, choose the health plan, and make the payment through our secured online modes.
Does Corona Insurance cover Home Care, Cashless & Reimbursement facilities?
The cashless and reimbursement facilities are applicable for corona insurance. Homecare or related expenses will not be covered under in-patient hospitalization.
What does a Coronavirus Health Insurance Plan Insure?
The corona policy in India offers coverage for coronavirus treatment, which includes hospitalization expenses, in-patient care, ICU Charges, and many more.
Will My Health Insurance Plan Cover the Medical Expenses Related to Coronavirus?
As per the IRDAI guidelines, health insurance policies that offer coverage for hospitalization will also cover medical expenses related to coronavirus. The expenses will be settled based on the policy terms and conditions.
Does an Existing Health Insurance Policy Cover COVID-19?
Yes, if you have purchased health insurance before getting positive, the hospitalization expenses related to COVID-19 treatment will be covered subject to all the policy terms and conditions
What are the Expenses Not Covered by a Coronavirus Health Insurance Plan?
Expenses related to self-quarantine at home or if the person has undergone quarantine at any non-recognized facility (for treating coronavirus case) are not covered under the plan.
Is There a Waiting Period for Coronavirus Health Insurance (Covid Health Insurance)?
Yes, we offer coronavirus health insurance with 15 days waiting period only.
How Does the Coronavirus Spread and What can I do to Protect Myself?
The novel coronavirus is known to spread through the droplets an infected person expels when coughing or sneezing or when one is in direct contact with that person or touches infected surfaces.
You can protect yourself if you regularly follow basic hygiene, such as:
- Frequently washing hands with soap and water or cleaning them with an alcohol-based hand sanitizer
- Washing hands carefully for 20 seconds at least
- Avoiding the need to touch eyes, nose, or mouth and without sanitizing the hands
- Maintaining a distance of at least one meter from others
- Covering a cough or sneeze properly with tissues or bend of the elbow
- Having healthy foods to boost your immune system
- Avoiding unnecessary travelling or any social gathering
Who is More Prone to Coronavirus?
Senior citizens, children, pregnant women, and people who have weak immune systems or pre-existing diseases are more prone to get infected.
Will I get access to Better Medical Care under Health Insurance with Coronavirus Cover?
Yes, you will get access to better medical facilities under health insurance with coronavirus cover that reduces your financial burden and helps you recover faster.
All About COVID-19
What is the Novel Coronavirus Disease or COVID-19?
The novel coronavirus disease or COVID-19 is a contagious respiratory disease caused due to a family of viruses. Its transmission occurs from one person to another through droplets from sneezing, coughing, or talking. It results in acute respiratory illnesses, including pneumonia, impaired kidney and lung functions, and even multi-organ failure.
How is Coronavirus Transmitted?
COVID-19 is likely to transmit from infected individual droplets released from the mouth or nose during coughing, sneezing, talking, and exhaling. These droplets land on surfaces and can stay active for a few hours. People can catch infections if they touch surfaces and touch their eyes, nose, or mouth.
Coronavirus Symptoms - Mild, Moderate, and Severe
Mild coronavirus symptoms are sore throat, dry cough, sneezing, and fever. A person with moderate symptoms may have high fever and chills, headache, body ache, shortness of breath, and dizziness. In severe cases, the symptoms may include pneumonia, bronchitis, pressure in the chest, gastrointestinal issues, and impaired kidney and lung functions.
Coronavirus Isolation - How Self-Care Helps?
As the infection spreads, if a person comes in contact with a person infected by the virus, minimizing contact is the best way to prevent the risk. Therefore, self-isolation and following social distancing norms are crucial because the chances of infection from the virus significantly reduce.
What are the Risks that Senior Citizens and Heart Patients Face due to COVID-19?
Senior citizens and heart patients should be extra careful. They are at higher risk of catching infections, which can cause respiratory problems, choked breathing, heart attacks, lung infections, pneumonia, etc.
COVID-19 Symptoms in Children
The symptoms of COVID-19 may be different in children as compared to adults. Children are less likely to show signs like coughing. Some studies have shown that children show other symptoms like fever, rashes, diarrhea, vomiting, etc.
There are challenges in life, and ailments are one among them. Hence, having a mediclaim policy covering your hospital bills will keep you financially safe in uncertain times. Considering the coronavirus pandemic risks, one should invest in the best Corona Mediclaim Policy.
* Please read the policy T & C, brochure, and prospectus to know more about our health insurance plans cover as it may vary.