HEALTH INSURANCE FOR CORONAVIRUS

COVID-19 or coronavirus is a contagious disease that spreads via droplets from the cough or sneeze of an infected person. As of June 17, 2020, a total of 7.94 million people have been affected by the coronavirus disease all over the world. If we talk about India, the number of cases has increased rapidly from just 3 cases in February 2020 to 354,065 cases in June 2020 and these numbers are still going up at an exponential rate.
As of now, there is no treatment available for curing the patients infected with coronavirus and the hospitalization expenses are very high. But, if you have a health insurance policy, you can take care of these hospitalization expenses and avoid the stress of financial burden. In India, most of the health insurance policies cover you in case you fall ill due to any viral infection. And, since coronavirus is a viral infection, your health insurance plan can provide you the required coverage.

It is important that you have a health insurance plan during this COVID-19 outbreak, as the health insurance also has a waiting period, and the coverage will start only after this waiting period gets over..

ALL YOU NEED TO KNOW ABOUT HEALTH INSURANCE PLANS COVERING CORONAVIRUS

A health insurance policy is a protection from the expenses that one incurs in case of medical emergencies and hospitalization due to any illness. If you don’t have a health insurance policy, then, you would have to bear the medical expenses from out of your pocket. However, with a health insurance policy, you can be free from the financial burden that may be levied upon you. You can select a suitable health insurance plan based on the coverages it provides, the premium that you need to pay for that policy, and a few other parameters such as a number of network hospitals, quick claim settlement, the digital presence of the insurance company, and the available add-on covers.

Health insurance plans that cover treatment costs of Coronavirus infection cover you and your family members if you get infected with COVID-19. The coverage starts from the day you get diagnosed with COVID-19 infection. However, this health insurance has a standard waiting period. If you get diagnosed with a coronavirus infection after the waiting period, only then will you be covered under your health insurance. An important thing that you should note is that you should get health insurance when you are healthy and fit to cover the hospitalization expenses in case of COVID-19 infection. Because if you purchase the health insurance plan after getting diagnosed with the disease, then it will be considered as a pre-existing illness and your policy will exclude the coverage for the same.