Are your Health Insurance Policy Cover Coronavirus (COVID-19)? The recent coronavirus outbreak has recently shaken everyone. More than 481661 cases in 118 countries and 21008 have already lost their lives to date 24/03/2020. Besides, thousands more have been fighting for their survival in hospitals. In India, 678 confirmed cases have been tested positive with coronavirus including non-Indian citizens (COVID-19) and 13 have already lost their lives till 24/03/2020. the Insured is in a quest that will a standard health insurance policy cover coronavirus (COVID-19). Listed below are some important pointers that you should not miss as per IRDA‘s circular: On March 4, 2020, IRDA has advised on the handling of claims under the coronavirus wherein the claims of coronavirus need to be handled expeditiously and the health insurance companies need to provide cover for the medical expenses incurred during the treatment and the seclusion period. As per the applicable terms and conditions of the health insurance plan. Any claim reported under the coronavirus will be thoroughly reviewed by the claim review committee. IRDA has also advised the health insurance companies to design health insurance plans, which can cover the expense of treatment of coronavirus. Understanding the spread and the harshness of the coronavirus (COVID-19), the World Health Organization (WHO) has characterized as a pandemic & communicable, which can be controlled on 11 March 2020. COVID-19 has been declared as a pandemic now you need to check with your health insurance company does, they are cover it because epidemic or pandemic diseases have in the Exclusion list of Many Insurance companies, that’s they are not covering it. However, most of the health insurance companies do provide a cover under pandemics or epidemics depending upon the health insurance plan you choose. Now, let us understand the following situations wherein claims for the treatment of coronavirus will get rejected: In case an individual is affected with coronavirus and then intending to buy health insurance policy most likely it will not be covered under the newly bought health insurance policy. The policyholder will not get a claim filed if the treatment of coronavirus falls within the waiting period of 30 days the health insurance policy. If an individual is diagnosed with coronavirus within the 30 days waiting period of the health insurance policy, it will not get covered.
The time like this make you understand and importance of Insurance, because If there is Insurance, it will work if you need it, you will not get Insurance when you need it, please renew and buy Insurance timely.
The time like this make you understand and importance of Insurance, because If there is Insurance, it will work if you need it, you will not get Insurance when you need it, please renew and buy Insurance timely.
