Health Insurance With Coronavirus Vaccination Cover
- Author :
- TATA AIG Team
- Published on :
While we were living peacefully in our mundanity, COVID -19 struck our lives like lightning. This virus's unexpected arrival caused havoc in our lives last year and is continuing to do so currently. Considering the risks COVID-19 brought with itself, you need to opt for COVID insurance policies.
Click here to buy Health Insurance With Coronavirus Vaccination Cover
Does Corona Vaccination Get Covered Under Health Insurance and How?
Having a COVID insurance plan will protect you and your family from any unexpected health emergencies. You should make sure to think ahead and choose the right policy. The medical inflation in our country has been growing at the double the rate of general inflation. Also, with the use of hand sanitizers, face masks and social distancing, reviewing health insurance plans has perhaps never been more critical.
Up until the last year, there was no word on when will the vaccine be available in India. However, with the Corona vaccination being rolled out in full swing, there is a chance of fighting the virus.
However, it is vital that you have a health insurance policy that offers a vaccination cover. Especially, if you plan to opt for Mediclaim for corona vaccine. The Insurance Regulatory and Development Authority of India (IRDAI) is contemplating over, including the cost of COVID-19 vaccination in the COVID insurance policies. They are seeking the views of the insurer's and working on a plan to accommodate the cost of vaccination and how corona vaccination is given to everyone.
You should note that the inclusion of this coverage would not be far from different from the current cover of vaccination in health insurance plans. Our country is one of the nations in the world that is ahead in vaccine production and export. And if the Corona vaccination is included in the Coronavirus insurance policies, it will be easy for everyone to avail of it.
Apart from that, we at Tata AIG believe that the following reasons make it extremely crucial to opt for health insurance covered with vaccine:
Safeguards Your Family
A vaccination cover is a safety net for your loved ones. It helps in preventing potentially infectious diseases that can spread through direct contact with an infected person. And since we all know how rapidly Coronavirus spreads, it will be wise not to take any chances and be prepared. Health insurance covered with a vaccine for Corona will aim to prevent the disease before it causes any damage.
Considered as a basic step of healthy living, a vaccination cover should be a part of your health insurance policy.
Coverage for the Sum Insured
As a responsible and reliable insurer, we ensure that the vaccine cover does not cut into your base sum insured in our plans. It has a separate limit. And to add to this perk, it does not affect your cumulative bonus. Once the guidelines regarding the addition of the cost of COVID vaccination to the COVID insurance policies are released, we will follow a course of action accordingly.
In-Built, Not a Rider
If you want the vaccine covered under your health policy, you will not want to pay extra for the coverage. You will find that many insurance companies may require you to purchase a vaccination cover as an add-on. However, at Tata AIG, we understand the importance of immunization and offer vaccination cover as a feature rather than an add on. Similarly, once the cost of Corona Vaccination is included as a cover in COVID insurance policies, we might follow the same route.
Keeps You Financially Secure
Any vaccination cover, along with other benefits, will help you bear the burden of medical expenses. As the healthcare costs are mounting, it is necessary that you have health insurance covered with vaccine. Otherwise, all your savings may drain out, and all your dreams and future may have to be put on hold. So, it will be wise to opt for plans that cover vaccination expenses.
Plus, since the vaccination for this disease is new and there are trials taking place, nothing is certain. There can be plausible adverse reactions to Corona vaccination that may require hospitalization. It is possible that in the event of an adverse reaction, you will have to be in the hospital for at least 24 hours to avail of the claim. This is as per the condition followed by most insurance providers currently.
With a wide network of affiliated hospitals all across the country, a cashless hospitalization facility and a competitive claim settlement ratio, your health is in good hands with Tata AIG. You can go through our COVID insurance policies to understand the plan in detail and know the benefits.
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.