The worldwide outbreak of novel coronavirus (2019-nCOV) is on top of everyone’s mind. With passing days, the number of cases testing positive for COVID-19 is rising, which has also created panic amongst the public. According to WHO, more than 4 million cases have been confirmed globally, which is still rising. India is also following the same pattern. Considering the increasing fear among citizens and the rapid spread of COVID-19 in the country, many insurance companies have started covering treatment costs for the same.

Although, there is no vaccine available currently to contract the disease, here are some specific things you can do while maintaining social distancing:

• Stay at home.
• When coughing or sneezing, cover your nose and mouth.
• Always wear a mask when you go outside your home.
• Disinfect your home frequently.
• Dispose-off used material in closed dustbins.
• Maintain a 6ft gap while standing near someone.

Apart from these basic things, you must also follow government guidelines for the same to reduce panic. With many sudden changes happening across the world or even in your locality, worrying about your health insurance covering nCOV treatments is valid. You must note that most of the insurance companies in such times are offering coverage for this disease under health insurance, and you can buy medical insurance online from some insurers have introduced specific policies to deal with the pandemic.

According to the directions of IRDA on COVID-19, the treatment costs are now covered under health insurance. When you buy medical insurance online, you can read about its benefits and choose your desired coverage; while considering essential factors.

Some crucial facts you should know while buying medical insurance online for COVID-19 are:

1. Sum assured

Coronavirus is a deadly disease, which significantly affects the elderly, kids, and people with a weak immune system. Since getting the treatment against such a disease is high, opting for a higher sum assured will help when you buy medical insurance online.

2. Waiting Period

The initial waiting period of a policy is usually 30 days but varies from one insurance company to the other. You can get details of the waiting period from your insurance executive or through the customer support team.

3. Inclusions

Whether you buy medical insurance online or offline, the policy covers:

• Pre and post hospitalization expenses
• COVID-19 test charges
• Quarantine charges if the treatment is being taken at a registered medical facility
• Ambulance charges
• Room rent
• Cashless treatment facility

Since the inclusion determines the benefits you can get under the policy, make sure you read them all in the policy document.

Why Buying Medical Insurance Online is Essential?

Given the current spread of this pandemic, there are many reasons to buy medical insurance online that cover novel coronavirus disease.

1. High Treatment Costs

The world has seen many Severe Acute Respiratory Syndrome (SARS) diseases, but none have been like SARS-COV-2, generally known as novel coronavirus. The treatment cost for this disease is also high, which can disrupt your financial health. The tests conducted for the diagnosis of COVID-19 cost around Rs 4500 for an individual, where the related treatment cost is also high.  Buying medical insurance online is a better alternative than looking for a local agent as it helps you save money. Consider buying it as a precautionary measure against disrupting your financial health if the odds come knocking at your door.

2. Protection of Senior Members

One of the reasons for buying medical insurance online is also to offer health protection to your family members, especially your parents. Since the effect of the virus is known to be harmful to senior citizens and people with lower immunity levels, it becomes essential to cover their health under a policy which makes getting the necessary treatment easier.

Apart from these, you must avoid the common mistakes while buying health insurance policy online to get enhanced benefits.

Beat the Odds with the Right Medical Insurance

The outbreak of COVID-19 has taught us many things, one of them being the importance of having health insurance. These days, many insurance companies offer benefits to deal with COVID-19 in their health insurance plans. Reputable insurers like Tata AIG provide online medical insurance plans covering the treatment costs for novel coronavirus along with various additional benefits.

Be safe and buy medical insurance online to ensure your family members stay healthy and happy during times of crisis.