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Types of Coronavirus Health Insurance Policies In India:


The coronavirus infections are increasing fastly around the globe. In India, Almost 3 months completed for nationwide lockdown which India implemented to reduce the novel coronavirus pandemic. India has so far recorded 33,10,234 confirmed cases of COVID-19, including 60,472 deaths. Maharashtra, Tamil Nadu and Andhra Pradesh reported the highest number of cases. However, infections are increasing rapidly in states like Karnataka, Uttar Pradesh, and West Bengal.

What is coronavirus health insurance?

Coronavirus health insurance refers to an insurance policy that covers medical expenses incurred for the treatment of COVID-19. A coronavirus health insurance policy is designed to cover the costs of hospitalization for the policyholder, regardless of the illness for which they have been diagnosed. Almost all health insurance plans cover hospital costs incurred for the treatment of viral infections. Since the coronavirus is a viral infection, a comprehensive health insurance policy reimburses the costs before and after hospitalization, including hospitalization and outpatient costs, incurred for the treatment of COVID-19.

Types of Coronavirus Health Insurance Policies In India:

Health insurance for coronavirus coverage will be available from the day the insured is diagnosed with the disease. This is because COVID-19 is a new disease and therefore does not fall under the category of pre-existing diseases.

Types of health insurance policies for coronavirus in India:

If you are looking for specific health insurance coverage for the coronavirus (COVID-19), you may want to consider a standard health insurance policy that covers all medical expenses incurred during COVID-19 treatment. These are two standard products that have been recently launched according to IRDAI guidelines. And the terms of the policy remain the same in all general and health insurance companies in India. Learn about the two types of COVID-19 health insurance plans as well as the benefits of the policy:

Corona Kavach Insurance Policy:

The Corona Kavach policy is a standard coronavirus health insurance policy that covers hospital expenses, the cost of home care, ambulance costs, the cost of PPE equipment, medication, gloves, masks, doctor's fees, and intensive care costs incurred during treatment for the COVID-19 pandemic. The sum insured starts from 50,000 rupees and goes up to 5 lakh rupees. You can get your family covered by this plan which also pays for Ayush treatment in India.

Corona Rakshak Policy:

The Corona Rakshak policy is also a COVID-19 specific health insurance policy that pays for hospitalization of a minimum of 72 hours and more, as required for COVID-19 treatment in India. The policy covers expenses related to PPE, nebulizers, masks, oxygen cylinders, gloves, oximeters, AYUSH treatment, etc. which are limited by a regular health insurance policy. This COVID-19 insurance policy is available for people between the ages of 18 and 65 on a one-time insurance basis ranging from Rs 2.5 lakh to Rs 5 Lakh. Applicants with comorbidity can also be insured by paying an additional premium.


Which Expenses are covered under corona health insurance policy?

Hospitalization costs incurred by the insured person for the treatment of COVID upon a positive diagnosis of COVID at a diagnostic centre approved by the government. This will include:

  • Room, board, nursing care costs in hospital/nursing home.
  • Doctor's consultation fees.
  • The total cost of PPE kit.
  • ICU (Intensive Care Unit) / Cardiac Intensive Care Unit (ICCU) fees.
  • Expenses incurred in road ambulance subject to a maximum of Rs.2000/- per hospitalization.
  • Home Care
  • Home treatment costs.

If your registered doctor advises you to undergo home treatment, the COVID treatment costs incurred by you will be covered for a maximum of 14 days.

Expenses for AYUSH treatment: Take treatment from AYUSH Medicine Systems for the Treatment of COVID at a government-authorized diagnostic centre, if you prefer. We will cover your expenses up to the sum insured without any sub-limit.

Pre-hospitalization medical expenses: Costs such as Covid-19 diagnostic costs, if incurred within the 15 days before the date of hospitalization/home care, will be covered.

Post-hospitalization medical expenses: Follow-up care involving expenditure within the 30 days of discharge from the hospital/end of home care is covered.

Exclusion expenses from coronavirus health insurance policy: Not all medical expenses are covered by your coronavirus health insurance policy.

Take a look at the list of exclusions from your coronavirus insurance:

Home Quarantine expenses: This policy does not cover expenses that you incur while remaining in-home quarantine.

Unrecognized Quarantine Center: If you quarantine at an unrecognized centre for coronavirus treatment, medical expenses incurred will not be covered by your policy.

Pre-existing conditions: Any medical expenses incurred for the treatment of pre-existing conditions will not be covered by this policy unless the waiting period has ended

Prenatal and Postnatal Expenses: This policy will not cover any prenatal or postnatal expenses incurred by the insured unless it leads to their hospitalization.

Hospitalization without a doctor's referral: If you are hospitalized without a referral from a qualified doctor (as stated on a prescription), this policy will not cover the costs of hospitalization.

Important facts about coronavirus insurance coverage:

Before you buy any coronavirus insurance that India offers, there are a few political facts you should be aware of them. Here are some important facts you should know before purchasing coronavirus health insurance that covers COVID-19:

Sum assured: The coronavirus has killed several people around the world and thousands of people have been seriously ill due to the contraction of the disease.

Since COVID-19 can lead to serious respiratory illnesses and impact the general functioning of the body, its treatment can become very expensive, especially for people with underlying illnesses. Therefore, it is advisable to opt for a higher insured amount for your coronavirus health plan to be properly covered under all circumstances.

Coverage: It is important to carefully review the coverage provided by COVID-19 health insurance before choosing a plan. Most policies provide coverage for hospital costs, post-hospital care, intensive care costs, OPD costs, ambulance costs, etc.

Waiting Period: When purchasing coronavirus health insurance, it is important to check the waiting periods built into the policy. Almost all health insurance plans have a waiting period for the first 30 days. However, some insurance providers offer a 16-day waiting period only as part of their coronavirus health insurance policy. During this period, none of the claims you have made will be covered by the policy. So be sure to check the initial waiting period for your coronavirus insurance before purchasing.

Read more about: coronavirus insurance
Story first published: Thursday, August 27, 2020, 15:33 [IST]
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