Reasons COVID-19 Insurance Plan is a Must-have

Reasons COVID-19 Insurance Plan is a Must-have

Each one of us have memories of the years gone by, memories that comprise of good ones and bad ones. Life is like a roller-coaster ride with something to learn from each passing day. Everyone would have celebrated the arrival of 2020 with great pomp and fervor but unfortunately, the year has not panned out to be good so far.

We are just in the fifth month of 2020, suddenly freedom seems like a huge perk for us. We are still free citizens of India but the Coronavirus is forcing most of us to stay indoors. India has been on a nation-wide lockdown since the 25th of March to contain the spread of COVID-19 pandemic.

The worrying part is that cases are exponentially growing with each passing day with many COVID-19 positive patients showing asymptomatic symptoms.

People who have gone out of many weeks have started mental-health issues such as panic attacks & anxiety due to the fear of catching the virus. As it is said, worry is never an answer to any problem so it is better to stop being worried and start acting on countering those fears.

Apart from taking precautionary measures to keep COVID-19 at bay, it is important to keep yourself and your loved ones secured by opting for a COVID-19 Health Insurance. Many naysayers still believe that health insurance serves no purpose and that is the primary reason they don’t opt for any type of health insurance.

The COVID-19 pandemic is a wakeup call for all these people as the pandemic has accelerated the requirement of a COVID-19 Health Insurance.

Even if you are leading a healthy life, it is better to get yourself and your family members covered under a good health insurance plan. Senior citizens and people with a weak immune system are more vulnerable to the virus and it becomes extremely important to bring them under the ambit of health insurance.

COVID-19 Health Insurance was the need of the hour as an increasing number of people are searching online for “Insurance Plans for Covid-19”, “Insurance Plans for COVID-19”, “Advantages of COVID-19 Health Insurance”, and more. Insurance regulator – IRDAI (Insurance Regulatory and Development Authority) is taking several steps to ease the financial burden many people are facing during these difficult times. 

IRDAI recently started giving more time to existing insurance policyholders for paying their premiums (Source). As the Indian economy, as well as, the world economy is tumbling due to COVID-19, such steps will ease the pressure for existing policyholders. Apart from this, it will also boost confidence in people who would be further encouraged to invest in good health insurance plans.

Here are some of the key reasons why COVID-19 Insurance plan is a must-have in today’s times:

  1. Buy for yourself, family, and parents

Most of the insurance providers offer additional Coronavirus Health Insurance on existing policies. The policy is available for people between 18 to 75 years of age. You should cover your parents and other senior dependents in your family as they fall in the high-risk category due to their growing age.

Family Floater Health Insurance Plan from Royal Sundaram General Insurance is one such policy that provides coverage for multiple generations in a single policy. It is one of the most comprehensive health insurance policies particularly suited for large families.

The plan offers rich NCB (No Claim Bonus) which helps in keeping your policy inflation proof. Another positive thing about this policy is that kids aged above 91 days can also be covered.

  1. Coverage for expenses incurred on COVID-19 test and hospitalization

Not many people are aware that a COVID-19 test in an authorized private hospital costs approximately Rs. 4,500. Since COVID-19 is a viral disease, even if one person in a family gets infected, it may spread to others in the family & vicinity. Though we always want that no one is infected with Coronavirus, some circumstances are not under our control.

Apart from the money spent on COVID-19 diagnostic tests, you may need to spend on quarantine (if tested positive) at the Government-approved hospital. This cost can go up to Rs. 10000 per person. There are consultation charges, pre-hospitalization, post-hospitalization, ambulance charges, etc. that can burn a hole in your pocket.

COVID-19 Health Insurance from a known provider like Royal Sundaram General Insurance will have all these expenses covered under the health insurance plan.

  1. Protection from COVID-19 till April 2021

It is good to admit that these are unprecedented times and we need to live along with the virus, till the time its vaccine is not available. There is a fear of re-emergence, relapse, and cases rising during the June-July timeframe (Source).

Even if there is a second wave of infections in late 2020 or early 2021, the COVID-19 health insurance cover will be useful for covering your medical expenses incurred on COVID-19 related tests and hospitalization.

Wrapping it Up

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With COVID-19, people are realizing their priorities and investing in areas where they should be doing long before. Health Insurance is one of them. Many people are under the impression that health insurance is only for those who are ill or who frequently visit doctors for checkups & treatment.

That is a completely wrong notion and the COVID-19 pandemic will only help in bringing more citizens of Indian under the ambit of health insurance.

Editorial Team
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  1. Dev Jain says:

    Great Content. Thanks for this. You are trying to do some best of peoples. I will share the contents with my friends. Once again thank you so much.

  2. Vinayak says:

    Thank you for sharing this useful information, This blog is really good and the information is also well provided. I read like this article and I gain more information.

  3. Here Grab says:

    Hey, nice content, very helpful.

  4. Ravina says:

    Awesome you have done wonderful job thank you it is valuable information

  5. Nippon says:

    Your work seems to be informative. Thanks!!

  6. Vasu says:

    Wow. That is so elegant and logical and clearly explained. Brilliantly goes through what could be a complex process and makes it obvious.

  7. Henry says:

    Thanks for sharing this wonderful article.

  8. Helpful one! Thank You so much for sharing this wonderful article.

  9. Gourav Debbarma says:

    Thanks for sharing this important article.

    In this pandemic one thing is very important to secure, and that is our Health. By opting for a COVID-19 Health Insurance we can secure ourself and our loved ones.

    Nice article and Keep on sharing.

  10. Gajendra Singh says:

    Thanks for giving this information from your blog every one now fighting with COVID-19 and doing great for family and friends. the best information from your blog.

  11. Rijhu says:


    Thanks for sharing the useful and important piece of information.

    Well almost all of us have definitely realized that what matters most for us is the health and this is what we need to secure. Covid19 health insurance is a great option to secure the health of us and our loved ones. You did an awesome job and keep blogging more useful articles.


  12. Hey thank you for sharing this blog because this pandemic really hits us hard and no one knows when they will caught by covid and hospital expenses are very high so having insurance is very necessary.

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