Best Health Insurance Plans With COVID-19 Coverage

Global pandemic has changed the world to a large extent. World economy, stability, health, usual lifestyle, and much more has been adversely affected by the impact of the coronavirus pandemic. The people from all over the world have seen the worst of grief and have felt immense pain of losing their loved ones due to the spread of life-threatening COVID-19 virus. The loss of people at the time of hospitalization has been mainly due to either lack of medical facilities or due to lack of financial aid for the high cost of treatment. The worst affected are the ones living with the minimum wage. To help the people in compensating for their medical dues at such hard times, IRDAI has mandated the health insurance providers to include COVID-19 covers with all their regular plans. 

Health insurance providers have launched exclusive and affordable health insurance covers for COVID-19 which provide complete coverage to the individual. Apart from getting coronavirus covers as an inclusion within their base plans, people can buy additional plans with less waiting period to compensate for their COVID-19 specific diseases. The coronavirus covers come with a waiting period of around 15 days and they look after all the expenses like hospitalization costs, inpatient costs, ambulance charges, prices of nebulizers, masks, gloves, and much more. People can either buy an individual plan or invest in a family floater cover to protect their loved ones, based on their choices, as the insurers give the customers the flexibility of customizing their plans according to their requirements. 

Best Health Insurance Plans With COVID-19 Cover

Following are some of the widely known and prominent health insurance plans that provide comprehensive and cost-effective COVID-19 coverage to the policyholders: 

• TATA AIG Health Insurance Policy

This basic health insurance policy by TATA AIG health insurance company is a comprehensive and affordable plan that covers the COVID-19 related medical expenses of the policyholders. It provides perks like tax reduction, wide network of linked hospitals for better service, customer support, paperless procedure for buying or renewal of the policy, and much more. This insurer has a good claim settlement ratio which makes the whole claim settlement process hassle free for you. You can rely on this plan for all your COVID-19 medical support.

• HDFC Ergo Health Insurance Plan

This regular health insurance policy with its extensive and cost-effective COVID-19 coverage makes a good deal for the customers. Under this plan, policyholders can get access to quality treatment at the private hospitals along with the cashless claim benefits. With a huge base of trusting customers, it not only provides compensation for hospitalization expenses, but also looks after the expenses incurred due to treatments like AYUSH, recovery benefits, and much more. 

• MAX Bupa Health Insurance 

MAX Bupa health insurance offers a range of health insurance products that provide protection against COVID-19 medical expenses. Policyholders can customize the plans according to their needs and get compensation for home care treatments along with the other perks.

Alternatives For COVID-19 Health Insurance Plans In India 

According to recent mandations by the IRDAI, it is compulsory for all the insurance providers to include COVID-19 covers in their health insurance plans for the customers. Following are some of the different types of additional COVID-19 health insurance covers that can be bought by the customers for themselves and their loved ones: 

• Corona Kavach Policy 

This health insurance plan is COVID-19 specific and comes with a claim amount ranging from Rs. 50,000 to Rs. 5 Lakh. It looks after the medical dues for hospitalization, ambulance charges, AYUSH treatments, etc. and is available on both individual and family floater basis. 

• Corona Rakshak Policy 

This COVID-19 specific health insurance cover is available for the patients of coronavirus that are under hospitalization for a minimum of 72 hours. It covers the dues for nebulizers, PPE kits, masks, oxygen cylinders, etc. and comes with a claim amount of Rs. 2.5 Lakh to Rs. 5 Lakh. This plan is available for customers of the age group between 18 to 65 years. 

Conclusion 

Apart from the above-mentioned plans there are several other health insurance policies that compensate for COVID-19 related expenses. You must carefully go through the policy terms before investing in a particular plan so that you can make the most out of your purchased plan.

Also read: How To Find The Right Health Insurance Plan For Coronavirus?

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.