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Health Insurance 2267 views August 20, 2020
As you know that the novel COVID-19 or Coronavirus disease continues to affect people worldwide. Buying health insurance that provides you a cover for the medical treatment of COVID -19 can help you deal with these unpleasant times. But where should you subscribe to get coverage for medical expenses due to COVID-19? Well, you could think of having a Corona Kavach Policy of New India Assurance Co. Ltd, which is a multinational general insurance company having its headquarters in Mumbai and more than 2,000 branches across the country. New India Corona Kavach Policy helps you access quality medical care and offers financial coverage for hospitalization expenses incurred for the treatment of COVID-19. Let’s read more about this Corona Kavach Policy here.
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This health insurance policy covers hospitalization expenses for an individual who is diagnosed positive for Covid-19. New India Corona Kavach Policy can be taken for 105 days to 285 days. Under this policy, you can claim a sum of INR 50,000-5,00,000 in multiples of 50,000. The New India Corona Kavach Policy covers the following expenses.
After knowing what expenses do the New India Corona Kavach Policy cover, now know what it does not cover. Look at the points mentioned below.
The New India Corona Kavach Policy cover comes with a short waiting period of 15-days. This means the claim for COVID-related medical expenses can be allowed after days of purchasing the policy.
This Corona policy also covers medical expenses that are incurred before you get hospitalized due to COVID-19. These expenses include the medical cost, doctor’s fee, medical tests, etc. When the claim amount is accepted, your medical expenses before hospitalization will be taken care of by the insurance company. The maximum period of pre-hospitalization expenses covered under the New India Corona Kavach Policy is of 15 days.
When you have experienced the COVID-19 symptoms before hospitalization and the doctor confirms that your COVID-19 test is positive, your hospitalization will take place. From that until you get discharged, all your hospitalization expenses such as Bed charge, doctor fee, medication, tests, etc, will be covered. The New India Corona Kavach Policy covers Post-Hospitalization costs up to 30 days which will be reimbursed after discharge.
Applicants aged from 18 to 65 years can apply for New India Corona Kavach Policy. If there are children in the family, they can be covered under the policy as well from 1 day to 25 years old who are dependent on the parent’s income. If the child above 18 is financially independent, he/she can’t get the benefit of the policy as the concerned individual needs to apply for a separate policy. There is also a discount of 5% on the New India Corona Kavach Policy for Healthcare workers. The discount is applicable for Self, Spouse, and Children if the individual or spouse is a Healthcare worker. For this discount scheme, the following Healthcare workers are covered.
And other health professionals such as lab assistants, pharmacists, physiotherapists, technicians, and people working in hospitals.
The insurance company also offers you a 10% online discount on the New India Corona Kavach Policy.
If you are tested positive for COVID-19 and want funds for the treatment, you can request a cashless claim, a feature available in the New India Corona Kavach Policy. To do so, follow the steps below.
The insurance company or TPA reserves the right to deny a pre-authorization in case the insured person doesn’t provide the relevant medical details for a cashless claim. In that case, you may get the COVID-19 treatment as per the doctor’s advice by submitting a few documents within the stipulated period as part of the Corona Kavach Policy reimbursement. The following are the documents you need to submit for the reimbursement of COVID-19 hospitalization expenses.
The premium amount for the Corona Kavach Policy can vary based on the individual. One can buy a COVID-19 health insurance policy either on an individual or a family floater basis. You need to pay the insurance premium in a lump sum as there are no installment services for this policy. The amount can vary whether you are a healthy male or female. And as per the terms and conditions of the policy, applicants with Co-Morbid conditions have to pay a higher premium.