COVID-19 Treatment: Does Your Health Insurance Policy Cover All The Expenses?

India is battling in opposition to an intense second wave of COVID-19 and there aren’t any indicators of the pandemic slowing down. On Monday, India registered a report 2,73,810 new each day instances and 1,619 deaths. The an infection tally crossed the 1.5 crore-mark on Monday afternoon, making India the second most affected nation after the US. Rapid unfold of the virus has despatched many scrambling to take inventory of their financial savings and keep financially ready ought to their worst fears come true. In such a situation, the query that appears to be in many individuals’s minds is: will my present medical health insurance coverage cowl the therapy prices if I had been to check optimistic for the dread virus and require hospitalisation?

Here, we let you know about 5 COVID-19 medical health insurance insurance policies to select from. These insurance policies will cowl the hospitalisation and therapy prices in case you are contaminated with the virus.

Bharti AXA COVID-19 medical health insurance

An indemnity-based plan (the place the insured is reimbursed the price of hospitalisation bills), it supplies protection to these between 1 day and 65 years. The sum insured choices vary from Rs 50,000 to Rs 5 lakh. The tenure of the coverage might be 3.5 months, 6.5 months, or 9.5 months. To get pleasure from the advantages of the coverage, one has to get examined for COVID-19 solely at a authorities authorised centre. The advantages that may be availed embrace pre- and post-hospitalisation bills, dwelling care therapy cowl and in-patient hospitalisation bills.

What’s coated

·        In-patient hospitalisation bills for COVID-19.

·        Road ambulance bills of as much as Rs 2,000.

·        COVID-19 associated dwelling care therapy protection for as much as 14 days.

·        Pre- and post-hospitalisation bills for 15 days and 30 days, respectively.

What’s not coated

·        Expenses incurred on day-care therapy, OPD companies.

·        Hospital admission only for the aim of investigation or analysis.

·        Expenses incurred for testing at a diagnostic centre not authorised by the federal government.

·        Cost of dietary dietary supplements /medicines bought with out prescription.

Max Bupa medical health insurance

This indemnity-based plan (the place the insured is reimbursed the price of hospitalisation bills) might be purchased by these aged between 18 years and 65 years for self or relations. The coverage tenure is 3.5 months, 6.5 months and 9.5 months. The protection supplied is between Rs 50,000 and Rs 5 lakh.

The advantages of the coverage embrace cowl for as much as two adults and 4 youngsters, cowl for any co-morbid situation, dwelling care therapy cowl, and tax advantages. Also, the coverage comes with none room hire cap, and affords protection as much as a single personal room. The policyholder will solely obtain a digital copy of the coverage.
 

 What’s coated

·        Expenses 15 days earlier than hospitalisation and 30 days after discharge.

·        Coverage as much as sum insured bills for COVID-19 hospitalisation.

·        Alternative therapies beneath Ayurveda, Unani, siddha, yoga and homeopathy.

·        Home care therapy bills on optimistic COVID-19 prognosis.

What’s not coated

·        Expenses associated to relaxation remedy, rehabilitation and respite care

·        Dietary dietary supplements and substances that may be bought with out prescription.

·        Claims associated to COVID-19 the place the prognosis has been achieved earlier than the coverage begin date.

·        Daycare therapy and OPD-related bills.

·        Treatment exterior the geographical boundaries of India.

·        Expenses associated to checks achieved at a diagnostic centre not authorised by the federal government.

·        The protection shall stop to exist if the particular person insured travels to any nation positioned beneath journey restrictions by the federal government of India.

New India Assurance medical health insurance

The coverage covers bills incurred by the policyholders attributable to hospitalisation for therapy of COVID-19. It additionally covers bills incurred attributable to dwelling care therapy. Those availing the insurance coverage cowl ought to be between 18 years and 65 years. The sum insured ranges from Rs 50,000 to Rs 5 lakh. The different advantages of the plan embrace pre- and post-hospitalisation bills, and a further cowl generally known as hospital each day money.

What’s coated

·        Home care therapy bills on optimistic COVID-19 prognosis for as much as 14 days.

·        Hospitalisation bills for a minimal 24-hours’ keep.

·        Pre- and post-hospitalisation bills of as much as 15 days and 30 days, respectively.

·        In-patient take care of Covid-19 beneath AYUSH.
 

What’s not coated

·        Diagnosis or therapy exterior the geographical boundaries of India.

·        Dietary dietary supplements purchased with out prescription.

·        Medical bills incurred on day-care therapy and OPD companies.

·        COVID-19 checks achieved at centres not authorised by the federal government.

·        Claims associated to COVID-19 the place the prognosis was achieved earlier than the coverage begin date.
 

National Insurance COVID-19 coverage

This short-term medical health insurance coverage covers these aged between 1 day and 65 years. The policyholder can avail cashless hospitalisation for the therapy of COVID-19. The sum insured can vary between Rs 50,000 and Rs 5 lakh. The tenure of the coverage might be 3.5 months, 6.5 months, or 9.5 months. To avail the advantages, the policyholder is required to finish a ready interval of 15 days from the date of graduation of the coverage.

What’s coated

·        Hospitalisation bills for therapy of COVID-19.

·        Pre- and post-hospitalisation bills of as much as Rs 2,000.

·        Home care therapy bills on optimistic COVID-19 prognosis for as much as 14 days.

·        Expenses for AYUSH therapy as much as the sum insured.

·        Expenses incurred to deal with co-morbid situations whereas treating COVID-19.

What’s not coated

·        Diagnosis or therapy exterior the geographical boundaries of India.

·        Expenses on dietary dietary supplements.

·        Tests achieved at centres not authorised by the federal government of India.

·        Claims associated to prognosis achieved earlier than the coverage begin date.

·        Hospital admission only for investigation or analysis.

Tata AIG coronavirus medical health insurance

This indemnity-based medical health insurance coverage for COVID-19 associated medical bills is on the market for individuals between 18 years and 65 years. The sum insured ranges between Rs 50,000 and Rs 5 lakh, and, like the opposite insurance policies, the tenures are 3.5 months, 6.5 months, or 9.5 months.

What’s coated

·        Hospitalisation bills incurred for no less than 24-hours’ keep.

·        Road ambulance bills as much as Rs 2,000.

·        Pre- and post-hospitalisation bills of as much as 15 days and 30 days, respectively.

·        Home care therapy protection for as much as 14 days.

·        Expenses incurred for therapy beneath AYUSH programs of medicines.

What’s not coated

·        Expenses for therapy primarily based on prognosis achieved earlier than the coverage begin date.

·        Treatment exterior geographical boundaries of India.

·        Expenses incurred on day-care therapy and OPD companies.

·        Cost incurred on checks achieved at a diagnostic centre not authorised by the federal government.