covid 19

How does a COVID-19 specific health insurance policy protect you?

COVID-19 has taken a heavy toll on India. The virus has divided many a family and caused enormous damage to the nation. The Indian insurance sector has stepped up to this challenge and has come up with innovative COVID-19 products that potential insurance buyers can consider.

Let us understand some of the benefits of COVID-19 specific health insurance products. These plans are generally classified as Corona Rakshak and Corona Kavach policies. These plans are offered throughout the Indian insurance market through major insurance players like Aditya Birla Health Insurance, Digit Health Insurance, HDFC ERGO, etc.

Top 5 benefits of COVID-19 specific health insurance policies

Protection against COVID-19

The main benefit of a COVID-19 specific policy is that the insurance company provides coverage against Coronavirus and related illnesses. This provides a great relief to the policyholder as the policyholder knows he/she is covered up to the specified amount against any COVID-19 or related illness.

Flexible coverage

The coverage amount is reasonably generous as insurance companies provide flexible coverage ranging from Rs.50,000 to Rs.5 Lakhs. If the policyholder wants higher protection, he will have to pay a higher premium. This however provides great flexibility to the buyer.

Co-morbidities covered

Most plans cover COVID-19 related co-morbidities. This is an additional benefit as the buyer will be sure that any related illnesses will also be covered under the same insurance plan. Additional plans will not be needed.

Cashless treatment

Most COVID-19 specific health insurance policies provide cashless services to their customers. That basically means that the policyholder will not have to initially pay cash out of his pocket. The insurance company will directly settle the bill with the concerned hospital.

The entire family can be covered under a single plan

You can opt for a COVID-19 specific family floater plan. This is where the entire family can be covered under a single policy. Additional insurance premium can be avoided if the policyholder opts for a family floater COVID-19 specific policy.

Notes to remember:

  • Policies generally have a waiting period of 15 days or more.
  • Premiums can be paid annually, quarterly, or 6 monthly.
  • Certain policies provide Ayush treatment benefits to their policyholders.
  • Policies provide renewability.
  • Vaccination costs are not covered.
  • Preventive treatments are generally not covered under such policies.
  • Policyholder can cancel his/her policy within 15 days if he/she is not satisfied with the policy terms, conditions, and benefits.

Let us once again reiterate the benefits of having a COVID-19 specific health insurance plan and it’s important to the policyholder and his family. Be safe, be smart, and be prepared!




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