Best Health Insurance Plans That Covers Covid 19 In India

Best Health Insurance Plans That Covers Covid 19 In India

Now adays, more and more people are testing positive for COVID-19 – popularly referred to as Coronavirus – globally. As per the information shared by the World Health Organisation (WHO), there are around 1 million people across various parts of the world are infected with coronavirus infection with maximum being infected within the USA followed by Italy and Spain. In India, the entire number of confirmed cases has crossed the 20,000 mark, of which over 800 people have lost their lives.

Looking at this all health insurers in India have started covering treatment for coronavirus under the regular health insurance policy. However, as per the directions of the Insurance Regulatory and Development Authority of India (IRDAI), the insurers have even introduced Coronavirus-specific insurance products that provide dedicated coverage against the deadly virus.

So let see which all company is provide Health Insurance Plans For Covid 19 In India

ICICI Lombard – COVID-19 Protection Cover

The coronavirus health insurance offered by ICICI Lombard is named COVID-19 Protection Cover and it has fixed-benefit plan that pays 100 per cent of the sum insured irrespective of hospitalization expenses as a lump sum to the policyholder in case the insured is declared COVID-19 positive. The plan has waiting period of 14 days and can be purchased between the age group of 18 to 75 years. However, COVID-19 Protection Cover by ICICI Lombard excludes people with a travel history to any location overseas post December 31, 2019.

Also, if the policyholder has been quarantined for suspected COVID-19 or diagnosed with COVID-19 prior to purchasing of the policy or within the initial 14-Day waiting period, the insurer will not be liable to pay any claim. The plan even comes with certain add-ons including Tele Consultation (4 free calls to take any consultation) and Ambulance Assistance that can enhance the coverage provided to the insured. This health cover is priced at a premium of Rs 149 which provides a sum insured of Rs 25,000.

Star Health Insurance – Star Novel Coronavirus

Star Health Insurance’s Star Novel Coronavirus provides health insurance cover to those who test positive for COVID-19 and require immediate hospitalization. This plan comes with an waiting period of 16 days from the date of commencement of the policy. Anyone can buy this policy between the age group of 18 and 65 years can buy this plan by Star Health Insurance while dependent children under the age group of 3 months to 25 years can be covered under this plan along with any one of the parents. The unique selling point of this policy is that it covers even if you have any international travel history to any overseas location. The Star Novel Coronavirus plan is available online at a premium of Rs 459+GST for a sum insured of Rs 21,000 while for Rs 918+GST for a sum insured of Rs 42,000. Being a fixed-benefit plan, the policy can only be bought once in a year by an individual.

Phonepe - Bajaj Allianz General Insurance

PhonePe, a digital payments platform, has started selling a coronavirus hospitalisation insurance policy - Corona Care insurance policy. This policy is in collaboration with Bajaj Allianz General Insurance. This insurance policy can be purchased directly via the PhonePe mobile app

The Coronavirus insurance policy is priced at just Rs. 156 and you can buy this for your family members too. It comes with a cover of Rs. 50,000 for a person under 55 years and is applicable at any hospital offering Coronavirus treatment. It covers 30 days of expenses related to pre-hospitalization costs and post-care medical treatment. No medical tests needed prior to purchasing this policy. The policy can be purchased in under two minutes from the convenience of home and th policy documents will be instantly issued.