What Type Of Health Insurance Should You Take During Covid-19?

The Covid-19 pandemic has made an impact on all sectors, industries, and walks of life. Health insurance is deemed more important than ever. It has witnessed an upsurge of 30-40% in the adoption of health insurance plans across the country. But how do you compare health insurance policies for Covid-19? Read on to find out.

How to get medical coverage for Covid-19?

Standard health insurance plans that offer comprehensive coverage should cover coronavirus treatment as well. 

What is coronavirus health insurance? 

There are two short-term health insurance plans specifically designed to cover the medical costs incurred during the treatment of Covid-19.

What are the two Covid-19 health insurance plans available in India?

The two Covid-19 policies are the Corona Kavach policy and the Corona Rakshak policy.

What is the Corona Kavach policy?

This is a single premium standard health insurance policy for the coverage of coronavirus medical treatment. It is an indemnity-based plan. Indemnity health insurance plans reimburse the actual cost of medical expenses that policyholders incur as medical expenses up to the sum assured amount. 

Who is covered under the Corona Kavach policy?

It covers the insured individual as well as their dependent children, parents, and parents-in-law. 

What is the coverage period?

You can get coverage for 3.5 months (105 days), 6.5 months (195 days), and 9.5 months (285 days).

What is covered?

The Corona Kavach policy covers pre-and post-hospitalization expenses, ambulance expenses, homecare treatment costs, and AYUSH treatment costs.

Are there any additional benefits available on the Corona Kavach policy?

The policy offers a daily cash benefit if you pay an additional premium.

What is the Corona Rakshak policy?

The Corona Kavach policy is a benefits-based standard health plan for the coverage of coronavirus-related medical expenses. It pays the insured individual 100% of the sum insured if they test positive for Covid-19. The insurer pays the amount as a lump sum benefit to the policyholder.

What sum insured options are available on the Corona Rakshak policy?

The sum insured options ranging from Rs 50,000 to Rs 2.5 lakhs. The policy covers the individual only. 

What is the coverage period of the Corona Rakshak policy?

You can get coverage for 3.5 months (105 days), 6.5 months (195 days), and 9.5 months (285 days). The policy will get terminated once the benefit is paid out.

What are the conditions of the Corona Rakshak policy?

To avail of the policy benefit, you must test positive for Covid-19 at a government-recognized center. You must also be hospitalized for at least 72 consecutive hours.

Which Covid-19 health insurance to choose from?

Compare health insurance for Covid-19 and you will see that if you have an existing policy that covers hospitalization, then you can go for the Corona Rakshak policy. However, if you do not have an existing policy, you should go for the Corona Kavach policy that covers hospitalization expenses.

Before you choose between Covid-19 health insurance plans, assess your situation and requirements. Compare health insurance companies, their claim settlement ratio, premiums offered, and the terms and conditions of every policy. 

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