Many top Insurance companies in the world had introduced a special life insurance for COVID 19 victims. as you already know insurance firms usually provide some sort of safe heaven during unexpected time and this special COVID 19 Insurance plans provide financial security, especially in times of pandemics like COVID-19.
These COVID-19-compliant health insurance plans can help you to reduce rising medical costs.
Corona Kavach Policy
This short-term health insurance policy provides financial protection if you test positive for COVID-19. CORONA KAVACH was launched by the Insurance Regulatory and Development Authority of . It is available by both standalone and general insurance companies that offer health insurance plans. This indemnity-based insurance plan covers medical expenses such as AYUSH treatment costs, pre-hospitalization, post-hospitalization, and road ambulance expenses. ICU expenses, inpatient hospitalization expenses, and so on. It is a short-term policy and has a waiting period of 15 days. You can purchase it for between 3.5 and 6.5 months or 9.5 months. The policy also includes optional coverage for hospital daily cash.
Corona Rakshak Policy
Corona Rakshak Policy, a short-term insurance policy covering medical treatment for COVID-19 positives, is also available. Unlike Corona Kavach Policy, this policy is benefit-based and provides a lump sum benefit equaling 100% of the insured sum in the event you are diagnosed with COVID-19. However, you cannot receive benefits unless the diagnosis was made at a government-recognized diagnostic centre. This is an economic policy you can purchase by paying a reasonable premium.
Arogya Sanjeevani Policy
Arogya Sanjeevani Policy, another standard insurance policy, covers you and your family for any expenses resulting from a positive COVID-19 diagnosis. This policy is affordable for both individuals and families. It covers hospitalization expenses due to COVID-19 positive diagnoses. This policy is available to anyone between the ages of 18 and 65. It offers many benefits, including inpatient hospitalization, pre-hospitalization, post-hospitalization expenses and cataract surgery. Road ambulance coverage, plastic surgery, dental treatments, new age treatment, etc. Many insured options are available, ranging from Rs. 1 Lakh to Rs. 5 Lakh.
All of the health insurance plans mentioned above offer coverage for medical expenses that arise from a positive diagnosis with COVID-19. You can choose from anyone to meet your needs and get other benefits. Arogya Kavach Policy and Arogya Rakshak Policy are best for those who need affordable coverage against COVID-19-related expenses. Arogya Sanjeevani Policy, on the other hand, is recommended for those who are first-time buyers of health insurance and those who need sufficient coverage at a reasonable premium for their family. No matter what you choose, you can rest assured that it will be there for you in times of crisis.