The growing number of COVID 19 cases show that the pandemic will not abate anytime soon. Apart from the worry of health complications due to a coronavirus infection, most of us are also afraid of the heavy bills that can result from hospitalisation. The costs of treating COVID 19 complications can truly make dent in your savings. To keep yourself financially secure in these uncertain times, it is important to have health insurance.

To make it easier for people to get health coverage, the IRDAI made it mandatory for general and health insurance providers to offer the Corona Kavach Policy. The terms of this policy have been kept uniform across providers pan-India. This means that no matter where you buy the policy from, the coverage will be the same.

As per the terms of the Corona Kavach Policy, the insured person will receive coverage for hospitalisation costs for COVID 19 treatment. They will also receive coverage for pre-hospitalisation expenses up to 15 days and post-hospitalisation expenses up to 30 days.  This policy also includes AYUSH treatment, home treatment costs, coverage for PPE kit in hospitals, telemedicine charges and more under a valid claim.

Now, as the Corona Kavach Policy is relatively new, there may be many doubts and queries about this health insurance plan. A major question that many have is – ‘Who should buy the Corona Kavach Policy?’ In this article, we will attempt to answer this important question.

To begin with, the Corona Kavach Policy should be compulsorily bought by anyone who does not already have a standard health insurance plan. This is because if you get diagnosed with COVID 19, your treatment expenses can possibly wipe out your savings. Moreover, a standard health insurance plan usually has a waiting period of 30 days or more from the policy start date whereas the Corona Kavach Policy has a fixed waiting period of 15 days. And, given the widespread infection, a lower waiting period is always preferable.

Now, this does not mean that you can neglect buying standard health insurance. Remember that the Corona Kavach Policy does not cover any other illness apart from COVID 19. However, if you have to buy just one policy immediately during the pandemic, it should be the Corona Kavach Policy for its relevance to the on-going health crisis. Then, while being secured with the coverage offered by the Corona Kavach Policy, you can take a few days or a week to do some research on a standard health insurance policy that will secure you long after the pandemic is over.

Even if you already have standard health insurance, you will still benefit from the coverage of a Corona Kavach Policy. This is because the Corona Kavach Policy goes above and beyond to fill the gaps in standard health coverage by placing no cap on room rent and also including the costs of consumables. So, you can definitely opt in for this policy to add to the protection you already enjoy.

The Corona Kavach Policy is also suitable for those looking for coronavirus health insurance for their entire family. The family floater option under this policy offers coverage from day 1 to 65 years. Remember that the principal insured has to be between the ages of 18 to 65 years.

As we can see, the Corona Kavach Policy is really an ideal health insurance plan designed to protect our finances during these uncertain times. Therefore, it makes sense for us all to purchase this coverage immediately. We hope this article will prove helpful in keeping you informed. Take care.

By TS Newswire

TS Newswire is a PR DIstribution Agency.

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