Coronavirus Insurance: The most important work for a man in an epidemic like Covid-19

Briefs on Coronavirus insurance

Coronavirus insurance: As you will be aware that the havoc of coronavirus virus is not only in India but in the whole world, due to which the economy of the world, as well as the job of people, is slowly getting out of hand. if any family member is suffering from coronavirus. If saved, the money saved from many years will go in a stroke, so in this era of epidemics, we will have to run our lives in a smart way and that smart way is to take insurance coronavirus insurance.

Remark

Today we will tell you how you can take coronavirus insurance and what to do if you already have any health insurance. You will get the answer to all these questions in a simple language in this blog post.

Rules made by IRDAI (Insurance Regulatory and Development Authority of India)

Corona virus cases are increasing in the country, in such a situation, people need to get better and timely treatment. In view of this, the Insurance Regulatory and Development Authority (IRDA) has announced the launch of Corona Insurance and has made it mandatory for all general and standalone health insurance companies in India to offer this policy. In the policy, in case of any person getting corona infected, the expenses of the hospital, before and after hospitalization, the expenses related to home care and Ayush will also be covered.

Types of Corona insurance

coronavirus insurance
Image: mymoneymantra

This is a standard health insurance plan that has been prepared for the expenses caused by the coronavirus epidemic. You do not have to worry about medical bills and treatment expenses when this happens. IRDA has launched two types of coronavirus insurance.

  • Coronavirus Rakshak policy (insurance)
  • coronavirus Kavach policy (insurance)

Corona rakshak policy

The premium of the Corona Rakshak Policy will have to be paid in a single premium only. In this, a 100% payment of insurance amount will be made in advance if the policyholder is admitted to the hospital. It is necessary to be admitted to the hospital for at least three days if Covid-19 is positive.

Period (Duration) of policy

The duration of this insurance will be 105, 195, and 285 days. At the same time, the insurance amount will be from 50 thousand rupees to 2.5 lakh rupees. Once the Claim is done, the policy will stop automatically.
In this policy, the insurance company will not mean how much money was invested in the hospitalization of the corona patient. As soon as you spend 72 hours in the hospital after being corona positive, the insurance company will pay you 100% of the insurance amount.

If a person is found to be corona positive within 15 days of taking the policy, then he / she will not get any benefit of this policy, so a 15-day waiting period (3.5 months, 6.5 months, 9.5 months) is kept in the policy term.

Example

Suppose a boy named Ajay takes a corona guard policy of 2.5 lakh and is found to be corona positive 25 days after taking the policy and he spent about 10 days in the hospital and deposited the treatment cost of Rs. 1 lakh in the hospital. In this case the insurance company Have to give 2.5 lakhs (100% of insurance payment) to Ajay

If a person is found to be corona positive within 15 days of taking the policy (coronavirus insurance), then he / she will not get any benefit of this policy, so a 15-day waiting period (3.5 months, 6.5 months, 9.5 months) is kept in the policy term.

Corona kavach policy

coronavirus insurance
HDFC ergo

The Corona kavach Policy will have a Compensation-based Basic Mandatory Cover. The insurance cover in basic cover will be from 50 thousand to 5 lakh rupees. This cover will be for three and a half months, six and a half months and nine and a half months. It will also include Waiting Period. Under the scheme, any person between the age of 18 and 65 years can buy these coronavirus insurance products.

Who can take this coronavirus insurance

In this, members of your family such as parents, in-laws and deputants up to the age of 25 years can also be included. The premium of this limited time insurance plan will have to be deposited at one time. The insurance plan will also cover the cost of treatment done during the 14-day home quarantine.

Extra expenses while in hospital (coronavirus insurance)

However, for this, it is necessary to involve a medical practitioner in the treatment. It will also cover the expenses of pulse oximeter, oxygen cylinder and nebulizer. On hospitalization, 0.5% of the sum insured will be paid every day for 15 days.

Duration of this policy (Coronavirus insurance)

The duration of this insurance will be 105, 195 and 285 days. At the same time, the insurance amount will be from 50 thousand rupees to 5 lakh rupees. Once Claim is done, the policy will stop automatically.

If a person is found to be corona positive within 15 days of taking the policy, then he / she will not get any benefit of this policy, so a 15-day waiting period (3.5 months, 6.5 months, 9.5 months) is kept in the policy term.

This policy will be activated after the corona patient spends 24 hours in the hospital.

Will Corona kavach include Existing Illness?

If a person already has a disease and becomes more severe when found corona positive, then his / her hospitalization costs will also be covered.

Will health insurance cover coronavirus disease

Yes, But if they take coronavirus insurance, they will also benefit from it. My advice would be that if you have any health insurance, then you can take Corona Rakshak Policy, which you can also deny. Before taking any decision, definitely discuss it with your financial planner.

Where to buy policy

If someone wants to take Konvirus insurance, he can go to the website of Polisibazar, whose link is given below.

Note

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