Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

Understanding Multiple Benefits Of Health Insurance During COVID -19 Pandemic

Published On Feb 03, 2022

For all of us, the Coronavirus epidemic has been a trying moment. It has resulted in both physical and emotional exhaustion. The unavailability of vaccination for the virus has increased our degree of anxiety. With millions of individuals afflicted throughout the world and the number of persons affected steadily increasing, the virus has transformed our collective reality and lives. That being said, for those who are infected, hospitalization is proving to be an expensive prospect in the event that it is required. This worldwide epidemic, which has lasted over six months, has not only put a stop to our lives, but it has also slowed down the economy, causing financial difficulties for many of us.

Despite the fact that the lockdowns have been lifted and people are welcoming the new normal with face masks and hand sanitizers, the number of those impacted continues to climb. It is critical that we safeguard ourselves and our loved ones against this terrible illness. Insurance companies recognise the financial hardship that this causes many individuals and have devised the Corona Health Insurance policy to aid in our financial protection. The exclusive coverage will cover all hospitalisation and treatment costs associated with the deadly illness. To know more about the benefits of health insurance during COVID-19 pandemic, read on.

Understanding Multiple Benefits Of Health Insurance During COVID -19 Pandemic

What Is Exactly A Coronavirus Health Policy?

If and when patients are infected with the virus, the Coronavirus Health Insurance is meant to cover all of their medical expenditures over the duration of their treatment and recovery. If and when the policyholder and members covered in the policy are diagnosed with the virus, the insurance cover provides a large quantity of money to them. This covers the complete cost of the policyholder's hospitalisation and recuperation, as well as the costs of the policyholder's family members.
The insurance has a 16-day waiting period from the date of purchase before it takes effect. The insurance policy is offered to all members aged 3 months to 65 years old at the time of the policy's inception. However, the policyholder must be at least 18 years old, and the dependent children must be under the age of 25. The policy is now offered for a one-year period with no pre-policy health examination. Furthermore, the premiums paid for the plans can be deducted from your taxes.

What Are The Benefits Under Coronavirus Health Insurance?

When COVID-19 is diagnosed, the insurance policy pays out a large sum of money, with a daily cash reward for every 24 hours of hospitalisation or quarantine completed. The policy also covers the consequences of the pandemic, such as job loss, and provides enough coverage, i.e., 50 percent of the base sum covered for a maximum of three months. The insurance covers not only the policyholder, but also his or her immediate and dependant family members, such as his or her spouse, up to two dependent children, and parents, up to the policy's individual insured sum maximum.

What Are The Exclusions?

As previously stated, the insurance does not cover any claims filed during the waiting period, which is the first 16 days after the coverage begins. The coverage will be void if the policyholder is tested at an unlicensed facility, if they are OPD patients, or if they are diagnosed and treated outside of India. The policy also excludes any member who has previously tested positive for COVID-19 or experienced a COVID-19 episode. Any claims filed by those who have journeyed outside in the past three months are not covered by the insurance.


Due to the obvious economic recession, the Indian government has eased the lockdown. As citizens, it is our job to take all required steps to preserve our health and money, starting with proper hygiene and only traveling when absolutely necessary, and most importantly, obtaining Coronavirus Health Insurance to cover us if and when calamity hits.

Also Read:- Key Terms Used In Health Insurance Policy

Will Health Insurance Policies Cover Omicron Variant?

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.

Health Insurance Coverage Calculator

Who do you want to insured ?

  • Individual
  • Couple
  • Family
  • Parents

Age of eldest insured member ?

Where do you live ?

Disclaimer : Actual Coverage might vary basis your location, age and number of members
Must BuyMust Buy

Why to Buy Health Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 75,000*
  • Claim support everyday 10AM-7PM
  • 50 Lacs+ happy customers