Importance of Health During Pandemic & Covid-19 Insurance Policy

We are going through the worst of times right now. The coronavirus pandemic fatality rate has shown us that life is unpredictable and we never know what might happen the very next minute or hour in our life. This is the first time that the entire world has witnessed so many deaths in the past one and a half years. As we are aware that the cost of treatment in the hospitals is skyrocketing and when the pandemic started, the patients with the severe condition had to get admitted to the ICU and the cost for one day in ICU is above one lakh in private hospitals.

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This is the point where people realized the importance of health insurance policies and gradually the medical insurance started becoming the new normal. Since health insurance policy provides financial aid in the hospital bills and treatment costs, people started managing their expenditure and started investing in getting good healthcare by purchasing insurance policy for their families. When the world was going through the pandemic, the insurance industry released covid-19 group health insurance that can provide cover for covid-19 patients. Let us tell you some important aspects of the covid-19 specific insurance policy and its benefits.

Protect Financially

The Covid-19 specific health insurance policies launched by several insurance companies provide cover for the covid patients. Although the scientists and doctors advised the covid positive patients to treat themselves at home only, however, there were some cases with severe effects of the virus that had to get admitted to the hospital and ICU wards.

The ICU wards charged the patients up to Rs. 2 lakhs per day, then there is the cost of medicine, injections, and all the necessary things that would be used during the treatment. The covid-19 insurance policy provides cover for all that. Although it depends on the plan you purchase and the coverage that the plan provides.

Add-on Coverage

If you are an existing policyholder of a health insurance policy you can add covid-19 cover in that policy. Seeing the present situation of coronavirus and its effects insurers are offering the cover for covid-19 also. This insurance policy will provide cover when diagnosed with coronavirus and provide cover from Rs. 10,00 up to Rs. 50,000. (Depending on the Insurance provider)

It will also provide daily cash benefits and you will get daily cash that will be provided on the basis of your sum insured amount for every 24 hours. Depending on the insurance company, the coverage will be provided to the policyholder.

Cover For Protective Gears

Since the cost of treatment and the admission fee of the ICU or general wards are high, the protective gear for your loved ones who have not been diagnosed with coronavirus requires protection. To protect them from coronavirus it is important to purchase all kinds of protective gear and especially when they come to visit you in the hospital so they should be properly covered with the PPE kit, gloves, masks, etc. Although the masks and gloved do not cost much, the PPE kits are costly and the Covid-19 insurance policy provides cover for that as well.

Emergency Coverage

If the people who get diagnosed with the coronavirus are monitored properly and get proper treatment at home by quarantining them, oxygen level monitored now and then using an oximeter then they can get better and come out of it safely but in case the oxygen level drops and the rural or semi-urban areas in our country do not have proper 24 hours transportation, they can contact the hospital to provide ambulance and if they are covered under the policy then the insurer will provide cover for the ambulance charges as well.

Limited Duration Corona Policy

People all over the world are getting vaccinated but as the WHO has said in their statements that the Coronavirus is not going anywhere and going to stay. So the people willing to protect their family and themselves can opt for the limited duration coronavirus policy that can provide them cover for a limted duration until they get vaccinated with both the dosage. Plans like corona kavach are made for these kinds of requirements only and the people not willing to take any risk can take advantage of these plans.

Conclusion

We, humans, tend to come out of any kind of situation. This too shall pass and there will come a day when nobody will have to wear masks. Until that day comes, we should make sure that we protect ourselves from getting infected and get vaccinated as soon as possible. If we talk about financial protection, there are group health insurance and covid specific insurance policies available in the market that you can purchase. Although it is advised by the insurance industry experts to purchase the insurance polcies online as they are cost-effective than purchasing the policy offline. Also, you can learn about the policy details and calculate the premium of the plan by using an online premium calculator.

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Written By: PolicyBazaar - Updated: 26 August 2021
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Policybazaar for Business - Group Health Insurance - Customer Reviews
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3.8 April 09, 2023
Mansi
Excellent Support
It was easy to buy insurance from PolicyBazaar website and customer support was also amazing to clear all the doubts.Thankyou. Highly worth it.
Dehradun
4.3 April 01, 2023
Mahesh
Necessary Investment
It is a good and necessary investment. Thanks PB.
Lucknow
4.3 March 24, 2023
Surya
Provides Satisfactory Results
I purchased Group health insurance at policybazaar recently and i am so much satisfied with the plan. The application process was smooth and efficient, making the typically tedious task of getting insurance surprisingly hassle-free.Thanks PB.
Bareilly
3.8 March 16, 2023
Naveen
Helpful In Making Decisions
When it came to selcting the right Group Health Insurance, Policybazaar offered an impressive range of options from reputable insurers. I appreciated the comprehensive details avalable for each policy which helped me to take the better decisions. Thankyou.
Delhi
4.3 March 15, 2023
Rajesh
Increases Clients Expectations
I recently had the pleasure of securing a Group Health Insurance policy throug PolicyBazaar and I must say the Entire process exceeded my expectations! From start to finish, their service werw great. Thankyou.
Delhi
3.8 March 02, 2023
Ravi
Great Experience
I got great deals on PolicyBazaar website. Highly recommend.
Pune
4.3 February 17, 2023
Diljeet
Excellent Purchase
It was a excellent purchase at PolicyBazaaar. Thankyou team.
Coimbatore
4.3 February 04, 2023
Satya
Prompt Services
Policybazaar's efficient claims process was impressive. In case of any medical emergencies, my employees were able to get their claims settled swiftly, allowing them to focus on their health and recovery without worrying about financial aspects.Thankyou
Chennai
4.3 January 22, 2023
Abhishek
Budget Friendly Purchase
Thankyou PolicyBazaar for providing such a great plan at affordable premium rates. It was a budget-freindly purchase.
Delhi
4.3 January 09, 2023
Abhash
Multiple Range Of Benefits
I purchased Group health Insurance which offered me plans with affordable rates Thankyou PB.
Pune