The last two years have been tough for all of us. We have seen many people dying and the majority of them getting hospitalized. While people were hoping to get the best treatment, they also had to pay higher medical bills. None of us thought that we would be required to use our emergency funds like this. If you worry about such medical emergencies and do not have enough funds to get the right treatment, you must buy a health insurance policy at the earliest.
Since these days, we all are trying our best to keep ourselves safe from the novel coronavirus, we also should buy a covid-19 health insurance policy that can help us get the best treatment specifically for COVID-19. So, let us check out the COVID-19 health insurance policies that are available in the market.
Corona Kavach Policy for COVID 19
It is a regular health insurance policy for which you have to pay a single premium. The policy covers the expenses for COVID-19 treatment. The health insurance policy is indemnity-based and covers both the policyholder as well as families at a reasonably priced premium. On buying this policy, you can get coverage for yourself, your children who are dependent on you, and even your parents-in-law. The periods for the coverage are 3.5 months, 6.5 months, and 9.5 months. This policy is provided by both private as well as general insurance companies. Corona Kavach Policy provides coverage against homecare treatment expenses, AYUSH treatment expenses, pre-hospitalization expenses, post-hospitalization expenses, and road ambulance expenses. One of the best features of this policy is the 15-days waiting period. This clearly means that you will be able to avail yourself of all the benefits of the policy at the earliest. For a daily cash benefit, you can pay an additional premium.
Corona Rakshak Policy for COVID 19
It is a standard health insurance policy that is designed to provide coverage for the treatment costs that are related to COVID-19. It is a benefit-based health insurance plan and you will get a lump sum benefit which is equal to 100% of the sum insured; however, only if you test positive for COVID-19. Corona Rakshak Policy provides coverage for sum insured options that range from INR 50,000 to INR 2.5 lakh in multiples of INR 50,000.
This policy can be purchased by people between the age group of 18 and 65 years. You buy this policy for shorter terms, such as 3.5 months, 6.5 months, and 9.5 months. Once the benefit is paid, the policy expires. To avail of the policy benefits, you as a policyholder have to test positive for COVID-19 at a government-recognized center and have to be hospitalized for at least 72 hours at a stretch. The waiting period of this policy is also 15 days but does not come with a lifetime renewability benefit.
Benefits of Coronavirus Health Insurance
Buying a COVID-19 health insurance policy is a prudent idea and comes with a heap of benefits. The basic benefits are hospitalization, pre-hospitalization, and post-hospitalization charges. The other benefit and quite an important one is the convenience of premium. Both the policies discussed in this piece of writing are short-term policies. Therefore, you do not have to be worried about paying premiums for a longer or lifetime.
No matter which policy you are choosing between these two, you must buy a regular health insurance policy to get enhanced coverage. Now, if you want to take a look at similar health insurance policies, you can visit the website of IIFL. Apart from COVID-19 health insurance policies, you will also be able to find several other health insurance policies that come with lots of benefits.