Should you have a separate Coronavirus Health plan? Read on.
Yes. Insurers will be forced to use this clause to make deductions in your claim.
(Have recently seen a bill that charged Rs. 8900 per day just for PPE.)
The average *claim* for Covid19 is reported to be Rs. 2 Lakhs. In which case, you may have to pay Rs. 50K from your pocket (quick estimate)
Can help compensate these deductions (and maybe even loss of income in case you are self-employed.)
No bills are required to be submitted.
How do you decide on a plan?
a) a plan that offers Fixed Benefit, and not an indemnity/ reimbursement of your expenses.
b) Ensure you take a significant cover (above or equal to Rs. 1 Lakh)
If you are looking for an upgrade, then a Super Top-up plan is a better option.
- Currently, only PayTM with Reliance offers significant covers.
- The cover other apps like Flipkart- ICICI, Airtel-Bharti provide are too small.
Excerpts from Data compiled by @Rahul_J_Mathur
I can send you the comparison separately if you want.
In case you have any existing disease, you will only get the claim if the doctor certifies that the reason for the hospitalization is Covid19 and not the existing disease.
So don't buy these policies if you are living with someone who is Covid19 positive.
You must read the policy conditions carefully and consult your financial advisor before you buy the policy.
Hope this helps 🙏