COVID 19 Insurance
COVID 19 insurance refers to an insurance policy or driver who financially supports the policyholder for health care expenses incurred in treating COVID 19 disease. The COVID-19 insurance benefits are designed to help people get quality treatment and care to fight the disease, novel coronavirus.
COVID-19 insurance covers the insured as soon as a short waiting period (usually 15 days) after purchase has been met. for your expenses, provided the diagnosis is issued 15 days after it was issued. A person can also purchase this coverage as individual insurance or as part of a COVID 19 insurance driver that is linked to a life insurance plan.
Benefits of Buying COVID 19 Insurance
Under COVID 19 insurance, depending on the type of policy you have purchased, you will be covered for your expenses as soon as you have been diagnosed with Covid-19 (subject to terms and conditions) or you will receive a fixed percentage of the total amount. Sum insured once the disease is diagnosed.
Enhanced Life Protection:
With some COVID 19 insurance policies, you can get an additional sum insured in the event of death due to Covid-19. If the insurance cover is below the COVID 19 insurance annex, this sum insured is calculated in addition to the insured basic sum of the policy.
You can get tax benefits for taking out COVID 19 insurance in accordance with applicable tax laws. In addition, the service received under COVID 19 insurance cover is tax-free.