Customers have the option of taking coverage of up to Rs 5 lakh — in which case the rough cost is about Rs 5,000 (there are a few insurance companies pricing it a few hundred rupees above this).
Coronavirus-specific insurance policies are being launched by insurers. Here are important points to know about the coverage and conditions.
The policy, Star Novel Coronavirus, will even cover those with international travel history. However, the sum assured of Rs 42, 000, that the insurance cover offers appears low, especially for someone who might have to be hospitalised.
"We have decided to cover hospitalization for not only those who have a confirmed diagnosis but also those who have been quarantined in specific facilities identified by the government," the insurer said.
Having a higher cover is good but also be mindful of the fact that it costs money (premium), especially when you have a set household budget and you
The need for insurance against coronavirus will arise where public healthcare is unable to cope or the government refers cases to private hospitals. Until then, testing for the virus, treatment and food are free of cost at government hospitals.
With the number of coronavirus cases in India crossing the 100 mark, it is no surprise that inquiries about insurance policies for the viral infection are on the up too. Currently in Ind
Some policies won't cover treatment of COVID-19 if it's declared a pandemic/epidemic.
The policy does not cover pre-existing disease. You can avail this policy only if you are not suffering from any respiratory-related symptoms like s
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