Coronavirus Health Insurance [Important Facts] | PolicyBazaar

Coronavirus is spreading at a rapid speed. There are so many people infected so far from the Coronavirus. Globally 95 thousand people have been infected till now. The virus is spreading in India as well. In such a situation, it is important to understand whether your health insurance policy covers coronavirus or you need a coronavirus health insurance policy. Coronavirus is covered by existing health insurance policy.

If you are buying health insurance policy after you are infected, Coronavirus cannot be covered under the health insurance policy. However, Corona virus should not be a trigger for you to buy a health insurance plan. It only can be a good reminder that any life-threatening disease can happen to you and you should be covered adequately.

If you have a health insurance policy already and you get infected by corona virus, you will be covered under corona virus health insurance terms and there will be no waiting period. It will cover all hospitalisation expenses including pre and post hospitalisation expenses up to a specific time. Remember, a newly brought policy always comes with a waiting period of 30 days. So, if you are infected and decide to buy a health insurance plan, you will not be covered until day 31 from the policy start day.

Claim process for coronavirus will be the same as other illness. There will be cashless and reimbursement claim settlement for coronavirus health insurance. In cashless claim, the hospital bills are settled directly by the insurer where you don’t have to pay anything from the pocket. On the other hand, in case of reimbursement claim for coronavirus health insurance, the entire hospital bill is paid by you initially and later claim for reimbursement which will take anywhere between 7 to 14 days. Thus, with a corona virus health insurance policy, you can easily cover those hospitalisation expenses that are spontaneous to burn a big hole in your pocket.

Precautions to be taken against the Coronavirus.
Be careful, stay safe.

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