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The Covid-19 pandemic has led to severe disruption of the health and the economic situation globally, including India. With the pandemic now going through the second wave in India and cases still increasing, the Insurance Regulatory and Development Authority in India (IRDAI) had issued circular asking insurance providers to create health insurance plans that offer protective coverage for Covid-19 related.

What is Coronavirus Health Insurance Policy?

Coronavirus health insurance policy is a customised insurance policy that is specifically for providing coverage with respect to hospitalisation, pre-hospitalisation and post-hospitalisation expenses, and related medical expenses arising during the treatment of a person becoming infected with the Covid-19 disease.

Most of the current health insurance policies now offer such coverage for treatment of coronavirus in the country which is available from day 1 after the insured has tested positive for coronavirus. Since this is a new type of disease, it is excluded from the category of pre-existing diseases. Since the pandemic is continuing and there is no solution yet, going in for coronavirus specific health insurance would be a prudent decision.

Benefits of Coronavirus Health Insurance Policy

ParticularsPolicy Coverage/Particulars

Treatment of Coronavirus

Fully covered with zero additional cost

Home Treatment

Covered if only suggested by a doctor

Consumable Expenses

Expenses relating to PPE Kits, Masks, Gloves and ventilators

Co-payment

Most of the plans do not have the option of age-based co-pay

Cashless Treatment

Available

Add-ons

Available

Points to Remember: 

  • Coronavirus health insurance policy is a good way to keep yourself and your family insured from Covid-19 in the ongoing pandemic.
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