Yes. All existing health policies cover Coronavirus as per the directive from IRDAI. If one wants to buy a new health insurance plan, they can do so and the policy will cover Coronavirus treatment after the mandatory waiting period, provided the insured didn’t have the illness while purchasing the plan.
Yes, one can cancel the same within the free look period, which normally is for 15 days. After that it will be cancelled and premium refunded, subject to no claim and on a prorata basis.
Yes. Existing health insurance policies will cover treatment expenses for Coronavirus treatment as per the directive from IRDAI, subject to completion of the mandatory waiting period.
Expenses relating to in hospital treatment, ambulance expenses, diagnostic tests, medical evacuation benefits if you’re unable to receive treatment at your current location, quarantine related expenses, if recommended by the attending doctor.
Coronavirus health insurance comes with a waiting period of 30 days from the date of inception of the policy.
Most clinics and hospitals in India are conducting coronavirus tests for free or for a subsidised cost. However, hospitalisation charges, including room rent, surgical procedures and medical expenses are to be borne by patients. This is where a health insurance policy comes into play. If you have an existing policy, your hospitalisation expenses will be covered by the insurer.
If you don’t have an existing health insurance policy, you should go ahead and buy one immediately. Any standard health insurance policy will help covering your hospitalisation and medical, testing and quarantine expenses.
All health plans by insurance companies in India offer both cashless and reimbursement claims processing for all treatments including Coronavirus. While cashless claims can be availed for treatment at a network hospital of the insurance company, a reimbursement claim can be made for treatment at any non network hospital, provided the insured settles all the bills with the hospital and then makes a claim with the insurer on submission of all related documents.
One has to follow the normal process like any other sickness/accident related claim. Get in touch with the Assistance Company (TPA) or Insurance company or their Toll free number, and register a claim providing them the policy details and the information relating to the claim. Refer your policy document or health card for the Assistance related toll free information.
Offcourse, one can go ahead buy a coronavirus health insurance online. This link will provide all related information on the existing health insurance plans which offer this coverage. Enter the required insurance related personal and health details and then pay the insurance premium online. Post this, the insurance company will issue you your policy.