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Coronavirus Health Insurance – All You Need to Know

Updated on March 25, 2023 , 411 views

The Coronavirus has not only brought about a contagious and deadly virus, but also a myriad of repercussions, including global economic slowdown and financial instability. The number of cases is on a steep rise after the “unlock” has happened. With over 605k active cases (as on 2nd July 2020) in the country, we still need to ensure proper preventive measures for human safety.

Coronavirus Health Insurance

This implies that you don't only have to protect yourself and your close ones, but also to ensure that you are financially secure at such a tough time. One such way of ensuring the same, is through the right coronavirus health insurance through reliable Insurance companies.

Top Health Insurance Covering Coronavirus

Because of the steep rise in the number of coronavirus cases in India, the Indian insurance Regulatory & Development Authority (IRDA) has given instructions to all health insurance companies to introduce two feature-rich insurance policies.

The affordable health insurance cover for coronavirus by the companies should aim at helping people with highly conventional health Insurance Coverage in the fight against the pandemic.

health insurance company Benefits Coverage
HDFC ERGO Insurance Up to Rs. 80,000 No room rent capping, cashless hospital network, immediate claim settlement
SBI Insurance Up to Rs. 5 Lakh All hospitalization costs, daycare procedures, room rent capping
ICICILombard Insurance Cumulative Bonus Hospitalization expenses, medical facilities expenses

The policies are:

Corona Kavach is the standard health insurance policy. It is known to cover the overall charges of the coronavirus treatment of the co-morbid weaknesses, including - pre-existing ailment, along with the treatment of the coronavirus infection.

On the other hand, the Corona Rakshak health insurance policy served to be the standard welfare policy that is based on specific benefits like the overall health.

The respective coronavirus health insurance policies are set to be launched on 10th July. The given step by the Government of India is going to bring a sense of relief to the coronavirus patients who might be struggling with the total amount of COVID-19 treatment.

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Coronavirus Health Cover by Insurance Policies

In the Corona Rakshak policy, if the positive diagnosis of COVID-19 would require hospitalisation for around 72 hours at a stretch. If you don’t have a health insurance policy, then you should opt for this policy. For example, if you have the Corona Rakshak health policy with a maximum amount insured of Rs. 3 lakhs, on hospitalisation you will get a lump sum payout of Rs. 3 lakhs. Please note that if the hospital bill goes higher than the insured amount, you will have to bear out-of-pocket expenses.

The Corona Kavach is going to provide for the hospitalisation charges like gloves, medicines, hospital room, PPE kits, masks, and other related expenses. It even includes the AYUSH Treatment. Also, Corona Kavach will be given on a family floater Basis. Family members include legally-wedded spouse, parents and parents-in-law, dependent children. The dependent children’s age group should be between 1 year to 25 years. If the child is above 18 and is self-dependent, the child will be ineligible for the coverage.


1) Does health insurance cover coronavirus?

A: Yes, most health insurance providers are launching lucrative plans to cover coronavirus.

2) Which products under the insurance plan are not covered for coronavirus?

A: Some providers might restrict the provision of specific features like operation mediclaim, at-home quarantine, and others for coronavirus health insurance.

3) What is the admissibility criterion for the insurance applicants?

A: The criterion is based on the ongoing management protocols for evaluation, treatment, and quarantine of the suspected or confirmed case of the applicant.

4) Is quarantine period covered?

A: Yes. Most providers offer cover for the quarantine period as well.

5) Will the evaluation period be covered?

A: As per the ongoing protocol, quarantine is mostly recommended and the expenses for the same would be payable under the cover.

All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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