Covid Insurance

Covid
Insurance

Take a Positive Step
Your Bridge toBetter Health.

Features

  • Rising Medical Costs

  • Includes a Cover for Pre-existing Diseases

  • Provides Cashless Treatment

  • Covers Pre-hospitalisation and Post-hospitalisation Expenses

  • Provides the Option of Additional Sum Insured

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    Benefits

    Secures Your Loved Ones Financially

    One of the key advantages of COVID health insurance is that it provides financial stability to your family in the event of your untimely death. It means that if you contract coronavirus and do not survive as a result, your dependents will receive the entire sum assured. When you are not with your family, the money might be very useful in allowing them to maintain their lifestyle without interruption.

    Insurance at Affordable Premium Rates

    With a corona insurance policy, you can get coverage for your life at nominal premium rates. Furthermore, by offering the guaranteed death benefit, the corona insurance policy provides security for your loved ones in the event of your untimely death. Your dependents are free to use the insurance money as they see fit. You can be confident that purchasing corona insurance plans is a wise move because you will be able to keep your family and loved ones financially secure even if you are unable to look after them. Rather than regretting not spending a small sum in a covid insurance policy, you and your family can remain protected during medical emergencies with the benefits of COVID insurance. While you may not be able to prevent unpleasant occurrences from occurring, you can certainly construct a safety net for your loved ones. As a result, if you are not present, your dependents are entitled to the sum insured. Most people designate their family members as covid health insurance nominees. Given the current bleak climate of risk and uncertainty, COVID insurance policy benefits serve as a beacon of hope throughout this pandemic.

    Uncomplicated Claim Settlement Procedure

    Quick claim settlement is of the main advantages of COVID insurance plan. It will help you stay safe and get your claims handled as quickly as possible. One of the COVID insurance perks that adheres to social distancing norms is that the insurers offer a cashless/online settlement option, which eliminates the need to speak with the insurance agents directly. It will assist you in maintaining social distance and will expedite the resolution of your claims.

    Inflation-Proof Your Financial Planning

    The expense of healthcare has risen tremendously, and it is even more noticeable during the pandemic. As a result, in the event of a medical emergency, people are forced to spend their money, jeopardising their future goals. Most people rely on their funds to deal with medical emergencies without a corona insurance policy. However, you do not have to be concerned about growing inflation with COVID insurance benefits on your side. Your family will be able to keep their lifestyle with the benefits of COVID insurance plan that they would receive after you pass away.

    Riders

    Tax Benefits

    Not only does health insurance safeguard you from the financial ramifications of a medical crisis but it also provides you significant tax benefits. Whilst the premiums paid for health insurance plans for senior citizens are eligible for tax deduction to the extent of ₹50,000, those for individuals below the age of 60 years have a tax deduction ceiling of ₹25,000 under Section 80D of the Income Tax Act, 1961.


    COVID-19 Cover

    The state of the world over the better part of the past two years is nothing short of unprecedented. With the multifaceted impact of the ongoing global COVID-19 pandemic, it is more crucial than perhaps ever before to buy a suitable health insurance plan.
    • On Hospitalization* /Quarantine#:
    25% of Rider Sum Assured will be paid upon Hospitalization or Quarantine on testing positive for COVID-19 or SARS-CoV-2 diagnosis from Government Authorized Diagnostic Centre. The benefit is payable only once during the rider term and the policy will continue thereafter for death benefit. Self-quarantine or home quarantine will not qualify for hospitalization benefit.
    • On Death due to COVID-19 or SARS-CoV-2:
    100% of Rider Sum Assured will be paid on death of the Life Assured due to Covid-19 or SARS-COV-2 where such diagnosis was done at any certified Government Authorized Centre, provided the rider policy is in force as on the date of death of the Life Assured and the contract ceases thereafter.

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