Learn About The Various Health Insurance Benefits Available During The COVID-19 Pandemic.
Updated On Jun 08, 2022
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The global pandemic has had a significant impact on the planet. The impact of the coronavirus pandemic has had a negative influence on the global economy, stability, health, normal lifestyle, and much more. People from all around the world have witnessed the worst of anguish and have experienced enormous suffering as a result of the spread of the life-threatening COVID-19 virus. People have died during hospitalization owing to a lack of medical facilities or a lack of financial assistance to cover the high expense of treatment. Those on minimum pay are the ones that suffer the most. IRDAI has compelled health insurance carriers to offer COVID-19 coverage with all normal plans to assist consumers in settling for their medical debts during such difficult periods. Exclusive and economical COVID-19 health insurance covers have been established by health insurance providers, providing comprehensive coverage to the person. People can purchase supplementary insurance with a shorter waiting time to compensate for their COVID-19 specific diseases in addition to having coronavirus coverage as part of their standard plans. The coronavirus insurance plans include a 15-day waiting period and cover all expenses such as hospitalization, inpatient care, ambulance fees, nebulizer, mask, and glove costs, among others. People can safeguard their loved ones by purchasing an individual plan or a family floater policy, depending on their preferences, since insurers let consumers can customize their policies according to their needs.
COVID-19 Coverage Health Insurance Plans
The following are some of the most well-known and well-known health insurance plans that provide subscribers with comprehensive and cost-effective COVID-19 coverage:
- Health Insurance from TATA AIG
This basic health insurance policy from TATA AIG is comprehensive and cheap coverage that covers customers' COVID-19-related medical expenditures. It offers benefits including tax savings, a large network of allied hospitals for improved treatment, customer assistance, a paperless insurance purchase or renewal process, and much more. This insurer offers a high claim settlement rate, making the entire claim settlement procedure simple for you. This plan will cover all of your COVID-19 medical needs.
- Ergo Health Insurance Plan from HDFC
Customers will benefit from this standard health insurance policy's wide and cost-effective COVID-19 coverage. Policyholders can receive exceptional care at private hospitals as well as cashless claim benefits with this plan. It not only compensates for hospitalization charges, but also for expenses spent due to therapies such as AYUSH, recovery benefits, and much more, thanks to a large network of trustworthy clients.
- Bupa MAX Health Insurance
MAX Bupa health insurance provides a variety of COVID-19 medical expense protection solutions. Policyholders can tailor their policies to their specific needs and get reimbursement for home care services, among other benefits.
- COVID-19 Health Insurance Plan Alternatives in India
According to current IRDAI mandates, all insurance carriers must offer COVID-19 coverage in their health insurance policies for consumers. The following are some of the several types of COVID-19 health insurance coverage that consumers can purchase for themselves and their loved ones:
- Policy on Corona Kavach
This COVID-19-specific health insurance plan has a claim value ranging from Rs. 50,000 to Rs. 5 lakh. It covers hospitalization, ambulance fees, AYUSH treatments, and other medical expenses, and is available as an individual or family floater.
- Policy on Corona Rakshak
This COVID-19-specific health insurance cover is provided to coronavirus patients who are hospitalized for at least 72 hours. It includes nebulizers, PPE kits, masks, oxygen cylinders, and other medical equipment with a claim value ranging from Rs. 2.5 lakh to Rs. 5 lakh. Customers between the ages of 18 and 65 are eligible for this plan.
Take Away
Aside from the plans indicated above, there are a number of other health insurance policies that cover COVID-19-related costs. Before investing in a certain plan, you should thoroughly read the policy conditions to ensure that you get the most out of your investment.
