Shedding Light On Corona Cover Of Health Plans

India no longer remains immune to coronavirus, which is causing serious concern.

- Naveen Kumar

While the best course of action is to take precautions and preventive measures, if indeed you get infected, the treatment may need weeks of hospitalisation. The cost becomes a critical issue in case of a prolonged hospitalisation. This is the reason why many people buy health insurance policies so that funding does not come in the way of accessing quality treatment.

However, as this virus has been discovered very recently, many people with active health insurance policies are worried if their health insurance will cover the treatment of this disease.

To address the concerns of the policyholders and to bring clarity on the coverage of coronavirus, the insurance regulator IRDA has come up with guidelines for the insurance companies. The regulator stated, "Where hospitalisation is covered in a product, insurers shall ensure that the cases related to coronavirus disease (COVID 19) shall be expeditiously handled."