Coronavirus: Top Health Insurance Queries Answered

As of May 14, 2020, Coronavirus or COVID-19 has claimed around 297K lives all over the globe. The number of people affected and killed by this fatal disease are increasing exponentially. No wonder, you’re all nervous about stepping out of your house, even if it’s for getting an essential item from the nearby grocery store.

It’s natural to feel stressed about this deadly disease, especially knowing that no cure has been found for it yet. Secondly, there are many rumors going around about COVID-19; the ways how the virus spreads, precautions to be taken, treatment associated with it and more. You can read our article on Demystify Insurance to debunk some of these rumors about coronavirus.

You must also be wondering about how a health insurance plan can help you deal with the medical expenses related to COVID-19, which is a good thing. But, please don’t take stress and don’t believe in any rumors. You should contact your insurer to get the exact details related to the coverage your policy can provide during the pandemic. You should also not panic if you don’t have a health insurance policy. We, at Bajaj Allianz are happy to help you in any way possible so that you do not have any trouble during this coronavirus outbreak. You can reach out to us any time and we will be more than happy to give you the required assistance.

With this article we aim to help you clear any confusion that you might have regarding health insurance and coronavirus.

Does India's health insurance cover the cost of treatment caused due to coronavirus?

Yes, most of the health insurance policies in India cover the hospitalization expenses related to COVID-19, which includes coronavirus test charges and pre & post hospitalization expenses that might be incurred in the defined period, which is generally 60 days prior to the hospitalization and 90 days post hospitalization. This period may vary from product to product. You can get yourself and your family members covered with Bajaj Allianz’s health indemnity plans, which can protect you from the financial burden in case of a COVID-19 emergency.

Can we buy health insurance only for the coronavirus?

Yes, you can buy a health insurance plan that covers you only for coronavirus. However, we would suggest that you get a comprehensive health cover, which will cater to all your health insurance requirements without restricting to one specific condition. With the ever-changing health landscape, the uncertainty of contracting a multitude of illnesses seems to be the order of the day. Also, with monsoons fast approaching, you and your family members might get exposed to all sorts of water, air & mosquito borne diseases. Hence, it will be beneficial for you to purchase a health insurance plan that can cover you against all the illnesses.

Does Arogya Sanjeevani Policy provide coverage for COVID-19?

Yes, this standard individual health insurance product covers you for the hospitalization expenses related to COVID-19. This policy allows you to choose the Sum Insured from INR 1 lakh to INR 5 lakh and gives you the flexibility to pay the premium in installments as per your convenience. You can pay the premium for Arogya Sanjeevani Policy either annually, half-yearly, quarterly or monthly.

How do I check if my health insurance covers Coronavirus?

You can contact your health insurance provider to know the complete details of the coverage provided by your health insurance policy for coronavirus. If you have Bajaj Allianz’s health indemnity plan, then you will be comprehensively covered in case of hospitalization due to COVID-19. To know the details about the coverage, you can visit our website – Bajaj Allianz Health Insurance, send us a WhatsApp on +91 75072 45858 or download our Caringly Yours App on your android and iOS device.

Is it better to take health insurance during the coronavirus pandemic?

Yes, if you do not have any health insurance plan, then you should purchase one, so that you are covered not just for COVID-19, but also for other illnesses and medical expenses. To select the most suitable health insurance policy, you should:
• Prepare a list of your requirements/coverages that you expect from the health insurance policy. Specifically look for the coverage provided for COVID-19, as it is an ongoing pandemic.
• Decide on a budget as per your convenience.
• Compare various health insurance plans available in the market based on the features, benefits, coverages, exclusions and premium offered by various health insurance providers.
• Check out the standard waiting period and waiting periods for pre-existing diseases, free look period, cumulative bonus offered by the insurance provider, claim assistance services, digital presence of the insurer and network hospitals.
• Another great way to know about the services offered by an insurance provider is to check out their customer testimonial section, where you can get genuine reviews of their customers about their products and services.

While you need to fight against this pandemic individually, by staying away from each other, you can always rely on us for all the support and help that you might need. Caring for you has been our priority, especially during tensed situations like this. We hope that you and your dear ones remain safe and healthy during the COVID-19 pandemic.