Health Insurance during Coronavirus pandemic, what should you keep in mind before buying?

1. Health Insurance during Coronavirus pandemic, what should you keep in mind beforebuying? The Coronavirus pandemic has caused global threat and panic among individuals as more and more people are falling victim to the infection. What started as an epidemic in China has spread worldwide and has been declared a pandemic due to its ever-increasing prevalence. A possible case of infection results in isolation and quarantine and if you are suspected of having the infection, you are transferred to a hospital for tests and quarantine. Hospitalization due to Coronavirus is increasing and amidst this pandemic, many of you are thinking of investing in a health insuranceplan. Despite the lockdown, you can buy health insurance onlineby filling up an online application form and paying the premium through any digital payment mode. However, before you buy health insurance online, there are some things which you should keep in mind. Here are the aspects of a health plan which should be considered before buying– ● Features and Advantages of theplan The most important thing to note is the coverage benefit of the policy. You should invest in a plan which offers the most comprehensive scope of coverage so that all possible medical costs are covered by the plan. Look for sum insured restoration, OPD coverage, critical illness rider, and other coverage benefits which you need. If your plan has a comprehensive scope of coverage, you would have financial security in any medicalemergency. ● Suminsured Medical costs are becoming quite expensive and to ensure that your health insurance policy covers your medical costs sufficiently, the sum insured of the policy should be adequate. So, don’t skimp on the coverage amount when you buy health insurance online. Go for a higher coverage so that you don’t incur out of pocket expenses in a medicalemergency. ● Coverage for familymembers Coronavirus can strike any member of your family and so can medical illnesses. Buying a health insurance policy which covers only you is unwise. You should ensure that all your family members are also covered under the plan. So, choose a family floater health plan for you and your family members. If you have dependent parents, cover them separately under a senior citizen policy so that they can enjoy the coverage features and advantages that they need and the premium of your family floater health plan does not increaseunnecessarily. ● Waitingperiod Health insurance plans have a waiting period for pre-existing conditions like diabetes, hypertension, heart-related ailments, etc. So, if you or your family members are suffering from any such conditions which would be covered after a pre-existing period, choose a plan which has the lowest waiting period. The waiting period ranges from 12 months to 48 months and the plan should ideally have a low waiting period so that you get covered at theearliest. ● Coverage forCoronavirus

2. The Coronavirus pandemic is an unprecedented event and so insurance companies are finding it difficult to ascertain whether to provide coverage or not. Though the IRDA has asked companies to extend coverage against Coronavirus, given the pandemic nature of the virus, the incidence of claim might be high. So, while some insurance companies are allowing coverage against Coronavirus in their health plans, some are not. So, besides checking its features and advantages, you should also find out whether the health insurance plan would extend coverage for Coronavirus or not. Since the incidence of the infection is increasing day by day, choose a plan which extends coverage for a possible case of Coronavirus to stayprotected. The effect of Coronavirus can last long as new and new cases come to light every day. So, when you buy health insurance online, you should be careful. You should consider the above-mentioned points and then buy the policy. Moreover, find out whether the policy provides coverage against Coronavirus, which is quite relevant for recent times, and then invest in it.