COVID-19 Treatment: Does Your Health Insurance Policy Cover All The Expenses?

COVID-19 Treatment: Does Your Health Insurance Policy Cover All The Expenses?

India is battling against an intense second wave of COVID-19 and there are no signs of the pandemic slowing down. On Monday, India registered a record 2,73,810 new daily cases and 1,619 deaths. The infection tally crossed the 1.5 crore-mark on Monday afternoon, making India the second most affected country after the US. Rapid spread of the virus has sent many scrambling to take stock of their savings and stay financially prepared should their worst fears come true. In such a scenario, the question that seems to be in many people’s minds is: will my existing health insurance policy cover the treatment costs if I were to test positive for the dread virus and require hospitalisation?

Here, we tell you about five COVID-19 health insurance policies to choose from. These policies will cover the hospitalisation and treatment costs in case you’re infected with the virus.

India is battling against an intense second wave of COVID-19 and there are no signs of the pandemic slowing down. On Monday, India registered a record 2,73,810 new daily cases and 1,619 deaths. The infection tally crossed the 1.5 crore-mark on Monday afternoon, making India the second most affected country after the US. Rapid spread of the virus has sent many scrambling to take stock of their savings and stay financially prepared should their worst fears come true. In such a scenario, the question that seems to be in many people’s minds is: will my existing health insurance policy cover the treatment costs if I were to test positive for the dread virus and require hospitalisation?

Here, we tell you about five COVID-19 health insurance policies to choose from. These policies will cover the hospitalisation and treatment costs in case you’re infected with the virus.

 Bharti AXA COVID-19 health insurance

An indemnity-based plan (where the insured is reimbursed the cost of hospitalisation expenses), it provides coverage to those between 1 day and 65 years. The sum insured options range from ₹ 50,000 to ₹ 5 lakh. The tenure of the policy can be 3.5 months, 6.5 months, or 9.5 months. To enjoy the benefits of the policy, one has to get tested for COVID-19 only at a government authorised centre. The benefits that can be availed include pre- and post-hospitalisation expenses, home care treatment cover and in-patient hospitalisation expenses.

What’s covered

·        In-patient hospitalisation expenses for COVID-19.

·        Road ambulance expenses of up to ₹ 2,000.

·        COVID-19 related home care treatment coverage for up to 14 days.

·        Pre- and post-hospitalisation expenses for 15 days and 30 days, respectively.

What’s not covered

·        Expenses incurred on day-care treatment, OPD services.

·        Hospital admission just for the purpose of investigation or evaluation.

·        Expenses incurred for testing at a diagnostic centre not authorised by the government.

·        Cost of dietary supplements /medicines purchased without prescription…Read more>>

Source:-ndtv

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