Best Covid 19 Health Insurance Plans In India

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Insurance

oi-Roshni Agarwal

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Covid 19 in India is spreading in India like wild fire and India is the lone nation to have reported over 3 lakh cases in a day’s time. Now, if you are not a salaried class or do not have the employee extended health coverage, you surely cannot do without a health cover at such grave hour.

Best Covid 19 Health Insurance Plans In India

Best Covid 19 Health Insurance Plans In India

Here we will discuss some of the best Covid 19 health insurance in India:

In the current scenario, when corona cases in the country have reached such an alarming number and this coronavirus is now said to be air-borne, one despite the caution can contract the lethal virus and even though mild conditions can be treated at home, in case of severe infection one cannot do without medical help. So in case of such exigencies here are some of the best coronavirus insurance plans that can come as help to you:

What Is Coronavirus Health Insurance Policy?

This is typically to meet pre-hospitalisation, hospitalization as well as post-hospitalisation expenses together with other medical expenses owing to Covid 19. For the coverage, the health insurance covers the cost from day 1 i.e. when the patient has been tested positive. Importantly, this ailment does not falls within the pre-existing category.

Best Coronavirus Health plan

Of the different health insurance plans, to reduce the hassle in selecting health insurance IRDAI recently stressed on the launch of standardized insurance products. One can definitely by this product for complete coverage even for treatment towards corona.

Also, another option is to buy the lately launched Corona Kavach or Corona Rakshak Policy:

1. Corona Kavach Policy: COVID-19 Insurance

Indeminty based health insurance cover is a single premium health insurance plan. The plan extended family-wide coverage for treatment against coronavirus. The period of coverage is for 3.5 months, 6.5 months and 9.5 months and self, dependents , parents and parents in law can be covered under the policy.

Waiting period here is 15 days so you begin to avail the benefits soon. Furthermore on payment of extra premium one can also get daily cash benefit.

2. Corona Rakshak Policy: COVID-19 Insurance:

This is a benefit based policy and in a case if the insured is detected with Covid 19 then 100% of the sum insured value has to be given. Sum insured is in the range of Rs. 50000- Rs. 2.5 lakh and in multiples of Rs. 50000

Eligibility: A person aged between 18 and 65 years can buy the policy. Here in case the person is diagnosed with Covid 19 at a government recognized centre and also continues to be hospitalized for 72 hours then the benefits under the policy can be availed. Also, as it is a benefit based plan it does not comes with life time renewability.

Now if basis your need you have decoded which Covid 19 or standard health plan you want to pick up as a last resort as suggested with general insurance purchasing guideline, you need to check for the claim settlement ratio and basis that:

5 Best Corona Kavach health insurance plans

Health insurance company Claim settlement ratio (2018-19)
Iffco Tokio 96.57%
Magma HDI 96.41%
New India Assurance 95.92%
Oriental Insurance 94.28%
Bajaj Allianz 93.68%

5 Best Corona Rakshak health insurance plans

Health insurance company Claim settlement ratio (2018-19)
Iffco Tokio 96.57%
Oriental Insurance 94.28%
Manipal Cigna 89.5%
Future Generali 87.68%
Navi (DHFL) Health Insurance 84.31%

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