Is Omicron Variant Covered Under A Life Insurance Policy?
Updated On Feb 11, 2022
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Although the government has taken and is currently also taking every possible step to stop the spread of the virus, it is always important to keep yourself insured from your end. Having life insurance helps you protect yourself and your family from any kind of uncertain event, especially in these tough times.
The coronavirus disease is not only challenging physically but is also capable of straining the financial health of the infected individual. There are various medical expenses involved in the treatment of coronavirus which can easily make a hole in the financial structure of a family. Besides, if the only earning member in a family dies due to coronavirus then the situation of the family can become even more difficult. Thus, it is prudent to keep yourself and your loved ones secured at least financially with the help of a life insurance plan.
The instances of Covid-19 and its new variant Omicron have been increasing at an alarming rate across the country. Face masks, hand sanitisers, social distancing apart, getting a health insurance policy has become more crucial now. A health insurance policy will ensure that we don’t face any financial emergencies and our healthcare expenses are taken care of.Looking at the growing number of cases of the Omicron variant, the IRDAI announced that all health insurance policies covering Covid-19 will also cover its new variant, Omicron.
Reasons To Have A Coronavirus Life Insurance Plan
Following are some key reasons why you should opt for a life insurance plan. Please note that all life insurance plans provide coverage for the treatment of COVID-19.
1. Life Cover
In these testing times, one never knows what lies ahead. Hence a life insurance policy that covers the Covid-19 claims is beneficial to have. This protects the family from any financial issue due to any unfortunate event because of coronavirus.
2. Covid-19 Treatment Expenses
If a person is infected by the virus and needs to get hospitalized, the expense of the COVID-19 treatment can be in Lakhs. This can become a huge financial burden on the family. However, a life insurance plan with coronavirus coverage provides for all the medical expenses due to the disease and thus can provide the required financial support in the times of medical emergencies.
3. Rampant Spread Of Virus
Right now, the situation is such that any precaution is not enough. Currently, the country is battling the second wave of the virus and expects the third wave to come in the picture soon. Hence it is always good to be prepared mentally and financially to deal with any situation. Therefore a life insurance plan always gets you covered from any financial issue arising due to Covid-19.
4. Long Time Financial Impact
During these unfortunate times, a lot of financial instabilities have been seen which includes, pay cuts, business loss, loss of jobs, etc. On top of this, if one gets infected it becomes even more difficult for the family to handle such financial issues. Having a coronavirus life insurance policy can act as a back up plan to survive during these critical times.
A coronavirus life insurance plan can prove to be really helpful during the ongoing challenging time. It not only provides financial support in case of medical emergency but also extends the same to the family of the life assured in case the policyholder passes away.
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.