How to Choose Coronavirus Health Insurance?

Coronavirus has become a major challenge. The infection has reached almost every part of India.  There is a very genuine risk of its exponential spread. Treatment of COVID-19 can need extended hospitalization which can be expensive. A coronavirus health insurance plan is a personalized health insurance policy that covers your everyday expenditure like hospitalization, pre-hospitalization, and post-hospitalization, and other medical expenses happening due to the treatment of COVID-19. Mostly all health insurance policies are now offering cover for the treatment of coronavirus in India. The cover is available from 1st day after the insured is tested for coronavirus-positive. As COVID-19 is a new virus, it does not fall under the category of a pre-existing virus.

Importance of Coronavirus (COVID-19) Health Insurance

During this pandemic when coronavirus (COVID-19) is not looking to go away soon, having coronavirus (COVID-19) insurance can be extremely beneficial. This is because a specially designed coronavirus health insurance plan covers you against the immense expenses associated with the treatment of this highly infectious disease. A COVID-19 health insurance policy covers you for various in-patient hospitalization expenses, pre-hospitalization, and post-hospitalization expenses, thereby letting you focus entirely on your quick recovery. You would never like to use your savings on paying for hospital bills. So you must avoid ‘put off’ and buy an adequate health insurance cover now for yourself and your family at the earliest.

Coronavirus (COVID-19) Health Insurance Plans in India

If you are searching for a health insurance plan with complete coverage, then you can go for a standard health insurance policy that covers all medical expenses including those related to the treatment of the novel coronavirus.

Corona Kavach Policy: COVID-19 Insurance	Corona Rakshak Policy: COVID-19 Insurance
An indemnity based single premium standard health insurance policy Covers individuals and families at an affordable premium.Cover available for yourself, dependent children, parents, and parents in law under this policy for a period of 3.5 months (105 days), 6.5 months (195 days), and 9.5 months (285 days)policy is offered by both private and general health insurance companiesCoverage benefits for AYUSH treatment, road ambulance expensesA short waiting period of 15 days	A standard benefits based health insurance policy Pays a lump sum amount equal to 100% of SI if he/she is tested positive for COVID-19.Coverage available for an individual basis Sum insured ranges between Rs. 50,000 and Rs. 2.5 lakh Available for people between 18 years and 65 years old 3.5 months, 6.5 months, and 9.5 months are policy termsPolicy benefits available only he/she is tested COVID-19 positive 15 days of a waiting period but lifetime renewability benefit is not available

Coronavirus health insurance policies offered by health insurance companies in India:

Health Insurance Companies	Corona Rakshak Insurance	Corona Kavach Insurance
Aditya Birla Health Insurance Co. Ltd.	No	Yes
HDFC ERGO General Insurance Co.Ltd.	No	Yes
HDFC ERGO Health Insurance Limited	No	Yes
The Oriental Insurance Co. Ltd.	Yes	Yes
Tata AIG General Insurance Co. Ltd.	No	Yes
Universal Sompo General Insurance Co. Ltd.	Yes	Yes
Reliance General Insurance Co.Ltd	Yes	Yes
Max Bupa Health Insurance Co. Ltd	No	Yes

For a complete list, please click here.

How to Buy a COVID-19 Insurance Plan?

You can get a corona insurance policy in two ways, online or offline. Both of the processes are easy and do not take much of your time. To buy corona insurance online, you should follow the simple steps given below:

• Visit the official website of the insurer and then click on the ‘Health’ tab. Now select your gender and enter your name and mobile number. You will receive an OTP, now you should enter that.
•  Tell them when you wish to buy the policy by selecting an option from the drop-down menu. Then click on ‘View Quotes’.
• Now select the family members if you want to add them too under your COVID-19 insurance policy. Then click on the ‘Continue’ button.
• Select the age of your family members and enter your Email ID and City. Then click on the Submit. There will be the most suitable corona medical insurance plans displayed on your screen. Click on the one you want to buy.
• Now choose the term for which you want to buy the shortlisted COVID insurance cover.
• Enter the required details and make the payment online via a secured payment gateway.

For discounts, offers, and policy comparison, it is advisable to buy a coronavirus health insurance plan with the help of an insurance aggregator. A reputable aggregator not only helps at the time of buying health insurance, but also post-purchase at the time of filing claims.