Learn about some of the changes in health insurance in the Corona epidemic.
New delhi date. Monday, July 20, 2020
In the midst of the Corona crisis, it is becoming increasingly difficult to get proper treatment in a hospital and claim settlement by insurance companies if someone falls ill. How many such reports are coming in this time of crisis, in which hospitals are refusing cashless claims. Due to this kind of news, IRDAI has issued some guidelines regarding health insurance during the Corona period, which need to be understood.
Corona shields launched by all companies
At the behest of IRDAI, all insurance companies have recently launched Corona Shield Special Policy to cover Corona treatment. This covers the entire hospitalization process related to Corona. That is why the sum insured is from Rs 50,000 to Rs 5 lakh.
Corona shield policy is for the short term
Corona shield policy can be for three and a half months, six and a half months and nine and a half months for short term as per IRDAI guidelines. The sum insured ranges from Rs 50,000 to Rs 5 lakh. Corona's cover policy applies to 30 general and health insurance companies.
There is no denying for a cashless facility
A public IRDAI circular from July 14 has made it clear that no hospital can deny cashless facility in case of treatment of corona. It has also directed the insurance companies to come up with a re-dressing mechanism in which the cases of Corona victims are specially heard.
Discounts to Corona Warriors
IRDAI has asked insurance companies to offer discounts on Corona Warriors. Doctors, nurses and others in healthcare will get a special discount of 5 per cent on taking Coro's cover policy.
Premium Payment Installment Facility
The liquidity problem has been exacerbated by the lockdown. Relieving the policyholder, IRDAI had on April 20 directed all general and health insurance companies to facilitate the installation of health insurance premiums. IRDAI gave the policyholder some extra time for health insurance renewal in March and April.
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