But Kumar, who recently quit his job and was infected with Covid-19 in the third wave, was surprised after learning he would have to wait almost three months before he could get an individual health insurance policy.
It is not just Kumar, but many other recovered Covid-19 patients who now have to wait 45 days to three months to get new health and life insurance policies respectively, as insurers have also extended the period of standard expectation applicable to Covid-19 cases.
Until now, this waiting period was only applicable for other conditions.
Several people affected by Covid-19 who knocked on the doors of insurance companies in search of a new policy are left without guarantee for a few months after their recovery. “Almost two weeks after the resumption in the third wave, I have decided to take out new health insurance with better coverage. However, I have been informed that I will have to wait another month because the cold period for patients recovered from Covid-19 is around 45 days,” said Mahendra K, an IT worker.
In many cases, insurers only accept Covid-19 reports from reputable diagnostic centers, making it even more difficult for recovered people. “I got tested at home with a local diagnostic center service. When I applied for health insurance, I was asked to submit reports from a renowned diagnostic center that was on their list of approved centers,” said Sandhya Rao, a housewife.
Industry experts admit there is a delay in obtaining insurance due to uncertainty over the after-effects of Omicron.
“Before Covid, the number of people who had a health condition in the previous six months would have been low, but given how Omicron’s cases have been, that number has automatically increased,” Sajja Praveen said. Chowdary, Temporary Life Manager. insurance on PolicyBazaar.com, an insurance aggregator.
In times of Covid, the term insurance proposal is subject to additional scrutiny.
“For this reason, additional medical tests are requested, which could be postponed for three months. It becomes difficult for insurance companies to accept risk and issue a policy without properly assessing the risk,” Chowdary said.