Benefits of Having Covid-19 Insurance Policies

  • A. Sangamithra Professor, Department of Economics Bharathiar University, Coimbatore, Tamil Nadu, India https://orcid.org/0000-0003-4761-8150
  • P. Dhavamani Ph.D. Research Scholar, Department of Economics, Bharathiar University, Coimbatore, Tamil Nadu, India
Keywords: COVID-19, Corona Virus, Health Insurance, Corona Kavach Policy, Corona Rakshak Policy, Financial Problem, Treatment

Abstract

COVID-19 is a highly infectious virus that shows symptoms comparable to those of ordinary flu. In this connection, Covid-19 Health Insurance Policy is a personalized insurance policy aimed at covering hospitalization, pre-hospitalisation and post-hospitalization expenditures, and other medical expenses arising due to the treatment of COVID-19. Insurance Regulatory Development Authority (IRDA) introduced the new Corona health insurance policies namely Corona Rakshak and Corona Kavach policy and comprehensive Health Insurance policies that also covers the Coronavirus among other illnesses, diseases and healthcare benefits. Corona Rakshak Policy is an affordable Health Insurance policy that offers lump sum uses to the insured if diagnosed with COVID-19. The coverage starts from the day people get diagnosed with COVID-19 infection. Corona Kavach Policy is an affordable Health Insurance policy that protects you and your family against hospitalization expenses due to COVID-19. The coverage starts from the day the patient gets diagnosed with COVID-19 infection. It is always good to have insurance to keep ourselves and family to keep our family safe.

Published
2022-01-01
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