Best health insurance plans for coronavirus coverage in India: Corona Kavach COVID-19 insurance cover

You should consider getting a dedicated coronavirus health plan because it offers greater coverage than a standard health insurance policy.

Best health insurance plans for coronavirus coverage in India

A dedicated coronavirus health plan protects you and your loved ones against the medical expenses arsing due to an infection. The IRDAI has specified guidelines for COVID-19 covers that remain uniform across all general and health insurance providers in India. 

Termed as ‘Corona Kavach’, the cover for COVID-19 takes care of all pre- and post-hospitalisation expenses incurred on the treatment of the disease, which may not be covered under a standard health insurance plan.

About 30 different insurance providers offer this cover at varying premium costs. Let us look at 5 popular insurance providers and their service bouquet.

1. Bharati AXA General Insurance (Incurred Claim Ratio: 89%)

  • Network hospitals: 4300+
  • Sum insured: Rs 50,000 to Rs 5 lakh (in multiples of Rs 50,000)
  • Hospitalisation: starting from a minimum period of 24 hours
  • Pre/post-hospitalisation expenses: Pre-hospitalisation expenses covered for a maximum of 15 days and post-hospitalisation expenses for a maximum of 30 days
  • Domiciliary treatment: Up to a maximum of 14 days
  • Consumables: Comprehensive list of inclusions and exclusions available here
  • Applicability: Individual or family floater option
  • Ayush treatment: Available for hospitalisation over 24 hours
  • Pre-policy health check-up: Not required
  • Validity: 105 days, 195 days, or 285 days
  • Hospital cash benefit: 0.5% of total sum insured per day for every 24 hours of hospitalisation (for a maximum of 15 days)
  • Additional benefit: Ambulance cover up to Rs 2000; 5% discount for all healthcare workers

2. Max Bupa Health Insurance (Incurred Claim Ratio: 54%)

  • Network hospitals: 4100+
  • Sum insured: Rs 50,000 to Rs 5 lakh
  • Hospitalisation: starting from a minimum period of 24 hours
  • Pre/post-hospitalisation expenses: Pre-hospitalisation expenses covered for a maximum of 15 days and post-hospitalisation expenses for a maximum of 30 days
  • Domiciliary treatment: Up to a maximum of 14 days
  • Consumables: Comprehensive list of inclusions and exclusions available in Annexure A here
  • Applicability: Individual or family floater option
  • Ayush treatment: Available for hospitalisation over 24 hours
  • Pre-policy health check-up: Not required
  • Validity: 105 days, 195 days, or 285 days
  • Hospital cash benefit: 0.5% of total sum insured per day for every 24 hours of hospitalisation (for a maximum of 15 days)
  • Additional benefit: Coverage for pre-existing diseases along with COVID-19 up to sum insured; 30 minutes for cashless claim processing

Related: COVID-19 and mental health: Is it covered under health insurance?

3. Aditya Birla Health Insurance (Incurred Claim Ratio: 59%)

  • Network hospitals: 6000+
  • Sum insured: Rs 50,000 to Rs 5 lakh
  • Hospitalisation: Starting from a minimum period of 24 hours
  • Domiciliary treatment: Up to a maximum of 14 days
  • Consumables: PPE kits, gloves, and masks for in-patient treatment
  • Applicability: Individual or family floater option
  • Ayush treatment: Available for hospitalisation over 24 hours
  • Pre-policy health check-up: Not required
  • Validity: 105 days, 195 days, or 285 days
  • Hospital cash benefit: 0.5% of total sum insured per day for every 24 hours of hospitalisation (for a maximum of 15 days)

Related: Does your life insurance policy cover death due to COVID-19?

4. Kotak Mahindra General Insurance (Incurred Claim Ratio: 47%)

  • Network hospitals: 4800+
  • Sum insured: Rs 50,000 to Rs 5 lakh (in multiples of Rs 50,000)
  • Hospitalisation: Starting from a minimum period of 24 hours
  • Pre/post-hospitalisation expenses: Pre-hospitalisation expenses covered for a maximum of 15 days and post-hospitalisation expenses for a maximum of 30 days
  • Domiciliary treatment: Up to a maximum of 14 days
  • Consumables: PPE kits, gloves, and masks for in-patient treatment
  • Applicability: Individual or family floater option
  • Ayush treatment: Available for hospitalisation over 24 hours
  • Pre-policy health check-up: Not required
  • Validity: 105 days, 195 days, or 285 days
  • Hospital cash benefit: 0.5% of total sum insured per day for every 24 hours of hospitalisation (for a maximum of 15 days)
  • Additional benefit: Ambulance cover; 5% discount for Kotak Group employees and all healthcare workers

Related: Things to note when purchasing health insurance during COVID-19 pandemic

5. Future Generali India Insurance (Incurred Claim Ratio: 73%)

  • Network hospitals: 5000+
  • Sum insured: Rs 50,000 to Rs 5 lakh (in multiples of Rs 50,000)
  • Hospitalisation: Starting from a minimum period of 24 hours
  • Pre/post-hospitalisation expenses: Pre-hospitalisation expenses covered for a maximum of 15 days and post-hospitalisation expenses for a maximum of 30 days
  • Domiciliary treatment: Up to a maximum of 14 days
  • Consumables: Comprehensive list of inclusions and exclusions available in Annexure A here
  • Applicability: Individual or family floater option
  • Ayush treatment: Available for hospitalisation over 24 hours
  • Pre-policy health check-up: Not required
  • Validity: 105 days, 195 days, or 285 days
  • Hospital cash benefit: 0.5% of total sum insured per day for every 24 hours of hospitalisation (for a maximum of 15 days)
  • Additional benefit: 5% family discount if two or more family members are covered; 5% discount for all healthcare workers

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