What is Coronavirus Health Insurance?
The novel COVID-19 Coronavirus disease has affected lakhs of people worldwide. The contagious disease, caused by a family of viruses, results in acute respiratory illnesses including pneumonia, impaired kidney and lung functions, and even multi-organ failure.
In a situation when there are uncertainty and possible health risks, having a coronavirus insurance in the form of a protective cover is essential. It helps one to deal with any medical emergency with hopes of leading a worry-free life ahead. Coronavirus health insurance by Religare helps you to access quality medical care and offers coverage for hospitalization based treatment for coronavirus disease.
Importance of Coronavirus Insurance
With the outbreak of the Coronavirus disease (COVID-19), the world has been witnessing unprecedented events. It has confined people to their homes and impacted business operations, thus affecting the world economy.
In times when financial problems are likely to occur, having to deal with a medical emergency without any safety cushion can be challenging. Staying prepared through prior planning is a sensible idea to keep worries at bay. So, choose coronavirus health insurance and ensure the well-being of your loved ones.
Can You Get Health Insurance Cover For Coronavirus?
As the contagious coronavirus (COVID-19) disease has spread to various parts of the world, it has alarmed people and affected their normal lives. The sick and elderly, in particular, are being urged to avoid going to crowded places.
Despite the growing fears due to this pandemic, it is important to stay calm and take steps to avoid health risks by keeping oneself protected by following hygienic habits. Talking about financial protection, many people are eager to know if their health insurance plans would cover them in case of treatment resulting from Coronavirus disease. Read below to know the answer.
Is Coronavirus Covered Under Existing Health Insurance policy?
Experts say that if a person already has an existing health insurance policy, then treatment cover for Coronavirus disease will be included. However, if a person opts for a policy after contracting the disease, in such cases, he or she will not be entitled to get coverage for the treatment.
Important facts on Coronavirus Health Insurance Cover
For those who already have an existing health cover, they must have a clear understanding of the type of expenses their policy would cover, the sum insured they need and much more.
Mentioned below are some important facts to know:
- Sum insured: COVID-19 is a serious disease. People with a weak immune system and elderly are at greater risk. The treatment is mainly focused on providing relief to the patients from symptoms they are showing and efforts to prevent any organ damage. Having a family health cover with a high sum insured is recommended for anyone, especially when healthcare costs are expensive.
- Waiting Period: Usually, medical insurance policies come with an initial waiting period of 30 days. This implies that for getting cover for any treatment, except for emergencies like accidents, the policyholder must wait for 30 days.
- Coverage: Coronavirus health insurance plans provide a range of medical costs including in-patient hospitalization, pre-hospitalization care - usually from 60 days prior to getting hospitalized, post-hospitalization care - usually for a period of 30 days, ambulance, OPD and ICU charges, etc.
Treatment for COVID-19 requires expensive medical care. The focus of every individual should be to avoid the risk factors of this disease. Keeping the immune system strong and taking precautions like washing hands regularly, using face masks, covering a cough or sneeze with using disposable tissues, etc. are some healthy practices that must be followed.
In addition, having the support of coronavirus insurance is always recommended. Coronavirus health insurance provides coverage for medical expenses due to various illnesses including COVID-19. Getting affected by Coronavirus is considered as a medical emergency. Thus, a person can get cover for the treatment and make a claim on his/her coronavirus health insurance in any of the two ways as discussed below:
- Cashless treatment: By applying for a claim under cashless health insurance if the treatment is availed in any of the network hospitals of the insurer. This is beneficial as the policyholder is not required to make any payment; instead, the insurer is responsible for settling the expenses directly with the hospital.
- Reimbursement: By filing for reimbursement of expenses. In this case, the policyholder has to first bear the burden of paying hospital bills from his/her own pocket. He or she can later submit the necessary documents like reports, bills, etc. to get the expenses reimbursed.
FAQs on Coronavirus Health Insurance
Which Products from Religare Health Insurance Cover Treatment Expenses for Coronavirus?
Our indemnity based products such as Care, Care Freedom, Care Global, Care Senior, Care POS, Enhance, Care Heart, Joy and customized Group products with IPD benefit cover hospitalization based treatment for coronavirus. Furthermore our travel insurance products - Explore and Student Explore also offer the same coverage.
How Can I Buy Coronavirus Health Insurance Plan Online?
You can avail health insurance for coronavirus through online mode conveniently which involves a few simple steps. Visit the official website of Religare Health Insurance, choose the health plan and proceed to pay the premium digitally.
Is Home Care, Cashless & Reimbursement Facility Covered by Coronavirus Insurance?
Both cashless and reimbursement facilities are applicable for coronavirus health insurance. Cashless facility is available only at empaneled network hospitals. No, Homecare or related treatment expenses are not covered under in-patient hospitalization benefit.
What if the Evaluation Report Results in Negative, will the Insurance Company still Honor the Claim?
Yes, you can claim coronavirus insurance claim provided the facility where Quarantine is conducted is recognized and it’s been carried outpost a registered medical practitioner.
What is Insured in Coronavirus Health Insurance Plan?
The coronavirus health insurance offers coverage for hospitalization based expenses due to treatment for the coronavirus diseases. Coronavirus insurance includes coverage for in-patient care, ICU Charges and quarantine period at a registered facility.
What is Not Covered by Coronavirus Health Insurance Plan?
Coronavirus health insurance plan will not provide cover if the insured is under Quarantine at home or has undergone quarantine at any non-recognized facility (for treating Coronavirus case). Also, it is recommended to read the terms and conditions of the insurance policy to understand the exclusions which are scenarios where the insured person cannot raise a coronavirus insurance claim.
Is There Any Waiting Period Applicable for Coronavirus Health Insurance?
A policyholder cannot get coronavirus insurance cover if he/she raises a claim for treatment of coronavirus disease within the waiting period of the health insurance policy in case the treatment cover is excluded within the waiting period.
Will My Health Insurance Policies Cover Medical Expenses Related to Coronavirus?
As per the guidelines of IRDAI, those health insurance policies which offer hospitalization cover will also offer cover for medical expenses related to coronavirus. The expenses will be settled on the basis of the terms and conditions of the policy.
How Coronavirus Spreads and How Can I Protect Myself?
The Coronavirus spreads through the air when an infected person coughs or sneezes; through direct contact with an infected person; or by touching infected surfaces.
You can protect yourself by practicing basic hygiene as mentioned below:
- Frequently wash hands with soap and water or alcohol-based hand sanitizer
- Washing hands thoroughly for duration of at least 20 seconds
- Avoiding touching nose, mouth, and eyes without washing hands
- Covering mouth while coughing or sneezing with tissues or bend of the elbow
- Maintain a distance of at least one meter from others
- Avoiding unnecessary travel and social gathering
- Consuming healthy food items to boost the immune system
Who is More Prone to Coronavirus?
People above the age of 60 years as well as those having a weakened immune system and pre-existing medical conditions such as cardiovascular disease, diabetes, high blood pressure, chronic respiratory ailments or cancer are more prone to Coronavirus.
Do you have Health Insurance for the COVID-19 Coronavirus?
Indemnity based products by Religare Health Insurance namely Care, Care Freedom, Care Global, Care Senior, Care POS, Enhance, Care Heart, Joy, Travel Insurance products, and customized Group products with IPD benefit offer coverage for medical treatment for coronavirus disease.
Does my Existing Health Insurance Policy Cover Coronavirus Disease?
You will get cover for Coronavirus Disease if you have opted for indemnity based products by Religare Health Insurance namely Care, Care Freedom, Care Global, Care Senior, Care POS, Enhance, Care Heart and Joy; travel insurance policies and customized group products (with IPD benefits).
Certain policies namely Assure, Secure, Cancer Mediclaim, Critical Mediclaim, Super Mediclaim, Heart Mediclaim, and Operation Mediclaim do not offer coronavirus insurance cover.
Will I get Better Care with Coronavirus Health Insurance?
The Coronavirus health insurance policy aims to provide complete coverage for the medical expenses arising due to the treatment of Coronavirus disease. With a financial back-up in the form of Coronavirus health insurance, individuals can rest assured of getting quality medical care at any healthcare facility in India.
Stay safe and opt for a health insurance policy today. Choose Care – comprehensive health insurance plans for family by Religare Health Insurance that offers a wide range of coverage at the best premium.
All About COVID-19 Coronavirus
What is COVID-19 Coronavirus?
Coronavirus is a family of viruses that causes acute respiratory illnesses due to infection in the nose, sinuses or upper throat. It spreads through the air when an infected person coughs or sneezes. It also spreads through direct contact or by touching infected surfaces.
Coronavirus Symptoms - Mild, Moderate and Severe
Mild symptoms of Coronavirus disease include dry cough, sneezing, sore throat, and fever. In addition to cough, moderate symptoms also include high fever and chills, shortness of breath, headache, body ache and dizziness. In severe cases, the symptoms include confusion, pressure in the chest, pneumonia, bronchitis, gastrointestinal problems and impaired kidney and lung functions.
Coronavirus Isolation - How Self-Care Helps?
The virus gets transferred through the air when an infected person coughs or sneezes; by direct contact with infected persons; or by touching infected surfaces. Thus, by practicing self-isolation and following social distancing norms, the chances of getting infected from the virus significantly reduce.
Risks from COVID-19 Coronavirus for Senior Citizens and Heart Patients
Owing to a weaker immune system, senior citizens are at greater risk of getting infections. Similarly, individuals who have pre-existing medical conditions like cardiovascular disease are also likely to have an increased risk of complications due to the virus. Hence, these vulnerable groups must be safeguarded and they must take suitable measures to avoid contact with infected persons.