Does your health insurance policy cover all expenses?

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India on Monday recorded a record 2,73,810 new daily cases and 1,619 deaths.

India is battling an intense second wave of COVID-19 and there is no sign of the pandemic slowing down. India on Monday recorded a record 2,73,810 new daily cases and 1,619 deaths. The infection tally broke the 1.5 crore mark on Monday afternoon, making India the second worst-affected country after the United States. The rapid spread of the virus has caused many people to scramble to take stock of their savings and prepare financially if their worst fears come true. In such a scenario, the question that seems to be on the minds of many people is: will my existing health insurance policy cover the cost of treatment if I were to test positive for the dreaded virus and require hospitalization? ?

Here, we present you five COVID-19 health insurance policies to choose from. These policies will cover the costs of hospitalization and treatment in the event of infection with the virus.

Bharti AXA COVID-19 health insurance

Compensation plan (where the insured is reimbursed for hospital costs), it covers people between 1 day and 65 years old. Sum insured options range from Rs 50,000 to Rs 5 lakh. The term of the policy can be 3.5 months, 6.5 months or 9.5 months. To reap the benefits of the policy, one should get tested for COVID-19 only at a government-authorized center. The services which it is possible to benefit from include pre- and post-hospitalization costs, coverage of home care and hospitalization costs.

What is covered

Hospitalization costs of patients for COVID-19.

· Road ambulance costs up to Rs 2,000.

COVID-19 home care coverage for up to 14 days.

· Pre- and post-hospitalization costs for 15 days and 30 days, respectively.

What is not covered

· Expenses incurred for day care, OPD services.

· Admission to hospital for investigation or assessment purposes only.

· Expenses incurred for tests at a diagnostic center not authorized by the government.

· Cost of food supplements / drugs purchased without a prescription.

Max Bupa health insurance

This compensation plan (where the insured is reimbursed for hospital costs) can be taken out by people aged 18 to 65 for themselves or members of their family. The term of the policy is 3.5 months, 6.5 months and 9.5 months. The coverage offered is between Rs 50,000 and Rs 5 lakh.

Policy benefits include coverage for up to two adults and four children, coverage for any co-morbid conditions, home care coverage, and tax benefits. In addition, the policy comes with no rent cap and provides coverage for up to one private room. The policyholder will only receive a digital copy of the policy.

What is covered

· Costs 15 days before hospitalization and 30 days after discharge.

Cover up to the sum of the insured costs for COVID-19 hospitalization.

· Alternative treatments under Ayurveda, Unani, siddha, yoga and homeopathy.

· Home treatment costs for a positive diagnosis of COVID-19.

What is not covered

Expenses related to rest treatment, rehabilitation and respite care

· Food supplements and substances that can be bought without a prescription.

Claims related to COVID-19 where the diagnosis was made before the policy start date.

· Daycare salaries and expenses related to the OPD.

· Processing outside the geographic borders of India.

· Expenses related to tests performed at a diagnostic center not authorized by the government.

Coverage will cease to exist if the insured person travels to a country subject to travel restrictions by the Indian government.

Health Insurance New India Assurance

The policy covers expenses incurred by insureds due to hospitalization for treatment of COVID-19. It also covers expenses incurred for home care. The people benefiting from the insurance cover must be between 18 and 65 years old. The sum insured varies from Rs 50,000 to Rs 5 lakh. The other benefits of the plan include pre- and post-hospitalization costs, as well as additional cover called daily hospital allowance.

What is covered

· Home treatment costs on positive diagnosis of COVID-19 for up to 14 days.

· Hospitalization costs for a minimum stay of 24 hours.

· Pre- and post-hospitalization costs up to 15 days and 30 days, respectively.

Hospital care of Covid-19 under AYUSH.

What is not covered

· Diagnosis or treatment outside the geographic borders of India.

· Food supplements purchased without a prescription.

· Medical expenses incurred for day care and OPD services.

· COVID-19 tests carried out in centers not authorized by the government.

Claims related to COVID-19 where the diagnosis was made before the policy start date.

COVID-19 National Insurance Policy

This short-term health insurance covers people aged 1 day to 65 years. The policyholder may benefit from cashless hospitalization for the treatment of COVID-19. The sum insured can vary between Rs 50,000 and Rs 5 lakh. The term of the policy can be 3.5 months, 6.5 months or 9.5 months. To benefit from the benefits, the policyholder is required to complete a waiting period of 15 days from the start date of the policy.

What is covered

Hospital costs for the treatment of COVID-19.

· Pre- and post-hospitalization costs up to Rs 2,000.

· Home treatment costs on positive diagnosis of COVID-19 for up to 14 days.

· AYUSH treatment costs up to the sum insured.

· Expenses incurred to treat comorbid conditions while treating COVID-19.

What is not covered

· Diagnosis or treatment outside the geographic borders of India.

· Spending on food supplements.

· Tests carried out in centers not authorized by the Indian government.

· Complaints related to a diagnosis made before the policy start date.

· Admission to hospital just for investigation or evaluation.

Tata AIG coronavirus health insurance

This COVID-19 medical expense compensation-based health insurance policy is available for people between the ages of 18 and 65. The sum insured varies between Rs 50,000 and Rs 5 lakh, and, like other policies, the terms are 3.5 months, 6.5 months or 9.5 months.

What is covered

· Hospitalization costs incurred for a minimum stay of 24 hours.

· Road ambulance costs up to Rs 2,000.

· Pre- and post-hospitalization costs up to 15 days and 30 days, respectively.

· Home care coverage for up to 14 days.

· Expenses incurred for treatment under AYUSH drug systems.

What is not covered

· Treatment fees based on a diagnosis made before the policy start date.

· Processing outside the geographic borders of India.

· Expenses incurred for day care and OPD services.

· Cost incurred for tests performed at a diagnostic center not authorized by the government.


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