The NoveL corona virus is spreading like wildfire around the world, causing more and more people to fall victim to the COVID 19 disease. In such a challenging situation, it has become imperative to be prepared for contingencies with an insurance plan for COVID 19.
A COVID 19 insurance plan, as the name suggests, covers the life risk caused by corona virus disease. It generally covers hospital costs as well as home quarantine costs related to treatment for COVID 19 disease. Some policies also offer death benefits. The inclusions and exclusions of the COVID 19 insurance plan can vary from insurer to insurer and depend on the terms of the policy.
With a COVID 19 insurance plan by your side, you can more easily control the financial burden that can result from reporting a positive coronavirus. COVID-19 insurance plan or riders. This is a great way to ensure that loved ones after you experience financial stability.
Choosing a COVID 19 insurance plan should also be based on your individual needs and affordability. It is recommended that you research the benefits of various COVID 19 insurance plans before purchasing.
Short Policy Term:
Most COVID 19 insurance plans or riders are available for a limited time. Depending on the plan you choose, you can choose from the available tenure options.
One-Time Premium Payment:
Most COVID 19 insurance plans or riders are available online with a one-time premium payment for the entire insurance period and do not have an option to extend.
Short Waiting Period:
Unlike other life insurances, the waiting time for COVID 19 insurance plans or riders is 15 days in most cases. See the policy document for more information.
Low Entry Age:
People over the age of 18 can purchase most COVID 19 rider or insurance plans to maintain their benefits and stay protected.
High Maturity Age:
Many COVID 19 insurance plans or Riders have a high age of maturity. You can get COVID 19 insurance cover and benefits up to the age of 66.