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COVID-19 insurance PlanFinancially Protect Yourself and Your Family Against COVID-19

Everything you need to know about Covid 19 Insurance

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illnesses.

The best way to prevent and slow down transmission is to be well informed about the COVID-19 virus, the disease it causes, and how it spreads. Protect yourself and others from infection by washing your hands or using an alcohol-based rub frequently and not touching your face.

The COVID-19 virus spreads primarily through droplets of saliva or discharge from the nose when an infected person coughs or sneezes, so it’s important that you also practice respiratory etiquette (for example, by coughing into a flexed elbow).[3]

Suggested Read: All About Post-COVID Care

What is COVID-19 insurance?

Pandemic declared coronavirus (COVID-19) has impacted the lives of many across the world. In India, the entire number of individuals suffering from the disease stands more than 22.6 Million[1].

Considering the number of rising cases, Indian insurance regulatory body IRDAI (Insurance Regulatory and Development Authority) had issued a circular asking insurance providers to come up with insurance plans which can provide adequate financial support against the disease.

Let us learn more about coronavirus and COVID-19 insurance to analyze its need within the current times.

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What is COVID-19 disease?

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

The best way to prevent and slow down transmission is to be well informed about the COVID-19 virus, the disease it causes and how it spreads. Protect yourself and others from infection by washing your hands or using an alcohol based rub frequently and not touching your face.


The COVID-19 virus spreads primarily through droplets of saliva or discharge from the nose when an infected person coughs or sneezes, so it’s important that you also practice respiratory etiquette (for example, by coughing into a flexed elbow).[3]

Benefits of Covid 19 insurance plan

Benefits of COVID-19 insurance plan

COVID-19 insurance policies are health insurance policies designed to cover hospitalization and post-hospitalization expenses, as well as other medical expenses incurred due to the treatment of COVID-19. The insurance cover is available from day 1 after the insured is tested positive for COVID-19.

In addition, COVID-19 does not qualify as a pre-existing disease since it is a new disease. For this reason, if you do not want to spend all your savings on paying for hospital bills, you must buy adequate health insurance for yourself and your family at the earliest.

How COVID-19 insurance will benefit in case of demise?

If the deceased was covered by a life insurance plan of any kind, you can file a claim by submitting certain documents.

The following documents are required to make a COVID-19 related life insurance claim[2]:

  • Duly filled Claim Form or a letter from the Claimant
  • Certified copy of the Death Certificate or Proof of death establishing the identity of the life assured in the form of a list issued by State Government or newspaper cutting stating the death details.
  • Letter issued by local authorities confirming death due to by COVID-19 or any other valid proof which can be accepted by us.
  • Original Policy Document or Indemnity for loss of policy bond
  • KYC documents of the life assured
  • KYC of the nominee (Aadhaar and PAN card of the nominee)
  • Original Cancelled cheque or coloured scan copy of passbook of the nominee

Additional documents may be requested on case to case basis,

What makes insurance so important during the COVID-19 pandemic?

Coronavirus is wreaking havoc in the entire world which has already killed a lot of people. In challenging times like these when the deadly virus has spread across the globe, the importance of Insurance increases manifolds. If you have a COVID-specific insurance policy, it will shield you from the unexpected hospital and medical bills in case you get ill. Many times when the infection gets out of control, it mostly results in a fatality. A COVID-19 insurance policy will not give death benefits.

It becomes very important that each one of us has some kind of policy which covers our lives too. A life insurance policy is the best option here. It comes in various types like term plan, ULIP, money back plan, endowment plan, etc. A life insurance plan won’t give you benefit in case you are hospitalized but it will act as a boon for the family in case of the insured person’s sudden demise. Hence every individual having financial dependency should cover his risk by buying a Life Insurance policy.

FAQs Related to Post-COVID-19 Recovery

How long do antibodies last in people who have recovered from COVID?

According to Dr. Honey Savla, antibodies last for a period of 3 to 6 months, and later the antibody response vain off. However, the Memory T-cells in the body remain for a long time after the infection. So, if you have variants of the virus in your body, these memory t-cells provide a rapid response to fight out the past infection for a longer duration.

How to manage problems related to attention, memory, and clear thinking? How long will it last?

Problems related to attention, memory, or in other words brain fogging, usually, last for a maximum of 2 to 3 weeks. However, consuming a good diet, good fluid intake, good food intake, and multivitamins can help. Moreover, a supportive family helping stimulate memory using photos, videos, etc., can help recover faster. The most important thing of all is to not get frustrated or disappointed in the process, rather accept it, because that helps for a faster recovery.

How do sugar levels increase post COVID recovery? How does it affect the individual? What are remedies for the same?

COVID affects our pancreas because of which there is deregulation in insulin production. If this insulin remains for a longer time in the body, it causes a rise in sugar levels. Secondly, after recovering if, the infected individual gains a lot of weight, then obesity will also play a major role in high sugar levels.

So, make sure once the individual is fit, s/he follows low sugar and low carbs diet and consumes a high fiber diet. At the same time, resume your exercises for at least 35 minutes a day for a minimum of five days a week, it is commendable if you do it all seven days a week. After doing all this, if the sugar level does not drop, it is recommended to consult a doctor and take the necessary treatment with continuous monitoring.

What exercise must and must not be done post COVID?

One cannot immediately start cycling from day one. Because the system is not the same for the initial few days post-recovery. Hence, the first one has to increase the lung's capacity by not challenging the recovery and going slow and smooth with oneself.

In the first stage, it is recommended to start breathing exercises along with breathing positions using a spirometer. After 7 days (when the oxygen level is above 90%) and you feel fit and comfortable, you can start walking for 10 mins in your house, post walking it is important to check the oxygen level. If the oxygen level is above 92 then you can start walking in your home for 5 mins starting from day one and gradually increase 5 mins till you reach the target of 35 mins.

Once this is done, start climbing steps. Follow the same rule, once you achieve your target, you can start light jogging. Again, follow the same rule. Once you have achieved your target and you do not feel breathless and are comfortable, only then it is recommended to start cardio and gym exercise. Also, it is important to regularly follow up with the doctor post-COVID recovery. Because the doctor is aware of your case history and will recommend when and which type of exercises must and must not be done.

What if someone gets a fever post-recovery/hospitalization?

If someone gets a fever above 99.5-degree Celius post-recovery/hospitalization it is suggested to immediately consult the treating doctor because there are high chances of catching infections like a bacterial infection, urine infection, fungal infection, or lung infection post-COVID. The doctor may suggest the required treatment based on your case history or ask to get certain tests done. Note that one of the symptoms of black fungus infection is continuous fever so it is best to stay alert and consult the doctor regularly.

Are there any tests suggested to COVID-19 patients' post-recovery?

Post recovering from COVID, usually, doctors suggested their patients repeat tests to check their CRP levels, CBC levels, etc. However, it is important to regularly consult your doctor for the same and daily track your oxygen level.

If a person gets infected by COVID, how long should s/he wait to take the vaccination?

Ideally, the timeline is of one month to three months. However, according to the Indian government one cannot take the COVID-19 vaccine for the next 90 days post the first positive report. So, you will not be able to register on the app until you complete 90 days. However, doctors recommend a minimum of 30 days post your first positive report.

For how long a COVID patient should stay indoors? What protocols should they follow while going out?

If you are infected by COVID-19 and admitted to the hospital, then post-discharge a minimum of 7-day quarantine must be practiced. If you are quarantined at home then you must be in quarantine from the 1st day of symptom till the 14th day. Post 14 days, the individual is not infected and will not be able to spread the infection, so they can step out of the house.

I got infected by COVID after taking the first jab. How long do I need to wait for the second shot?

If you have already taken the first shot of vaccination, you can take the second dose of vaccination after 1 to three months. However, you will not be able to register on the app until you complete 90 days. In case the individual needs to travel abroad, then the government allows such individuals to take the vaccine post 30 days if they show their tickets, but a gap of 1 month should be kept from the completion of 14 days of quarantine, before taking the second dose.

FAQs

Do my current term insurance policies cover COVID-19 death?

Yes. As per the policy terms and conditions, all existing term insurance policies offered by FGILI shall cover COVID-19 death considering the said policy was inforce at the time of loss.

ARN:ADVT/Comp/2021-22/May/114

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