HEALTH INSURANCE FOR COVID-19 AND WHETHER YOU SHOULD OPT FOR IT OR NOT..



 Covid-19 generally known as Corona Virus is spreading at a fast pace in the whole world  and its recent target is INDIA. Till now India has 294 confirmed cases of which 4 have been reported dead by the Government. Now at this critical period of time  two insurance company has launched 2 health insurance policy to support you if you are tested positive and need hospitalization. Those two company are STAR HEALTH INSURANCE and ICICI LOMBARD. Lets check out the important pointers in this insurance policy..

THE STAR NOVEL CORONA VIRUS POLICY
  • Age group covered- 18-65 years
  • Sum Insured- 21000 and 42000
  • Premium- 459 for 21000 and 918 for 42000
  • Waiting period-  16 days
  • Tenure of the policy- 1year
  • Hospitalization cost equal to sum insured has been paid by STAR Health.
  • All existing policy holders of STAR HEALTH are covered for corona virus under their existing policy for hospitalization and treatment expenses..  
ICICI LOMBARD GENERAL INSURANCE COVID 19 PROTECTION COVER
  • Age group covered - 18-75 years
  • Sum Insured- 25000
  • Premium- Rs. 149
  • Waiting period- 14 days
  • Tenure of the policy-1 year
  • Company will pay 100% of sum insured amount as a lump sum to the policy holders if one diagnosed with corona virus disease.
  • Added benefit: Value added benefits as health assistance and virtual assistance through chat ambulance assistance are part of the offerings
  • The policy covers is extended within the geographical boundary of INDIA and restricted to INDIAN nationals only..    
These are some of the limited resources that I found on the internet  about the two newly launched health insurance policy. Now if the question arises that whether you should opt for these policy then with my limited knowledge I can advise that you should approach your health insurance company to get it clarified that whether your policy should cover Corona Virus. If yes then you don't need any new policy but if no then you should definitely opt for any one of this as the premium is way too less in front of your life. And always remember life risk is definitely covered first ..

THANK YOU..



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