The Novel Coronavirus Covid-19 has played havoc worldwide, like India, causing widespread infections, deaths and financial disruptions. So far more than 1 crore folks have been diagnosed with the illness in India, resulting in the death of more than 1.5 lakh folks.
The surge in illness due to Covid-19 infection has resulted in an boost in well being insurance coverage claims and demand for well being insurance coverage cover. To meet the demand, the Insurance Regulatory and Development Authority of India (IRDAI) had asked well being insurers to launch Covid-particular policies – Corona Kavach and Corona Rakshak – with uniform attributes.
The insurance coverage regulator had also asked the insurers not to decline claims due to the pandemic status of the illness.
Apart from this, the nationwide lockdown imposed to include the spread of the very infectious illness resulted in extreme financial slowdown followed by job losses, salary cuts and economic hardship for scores of folks.
As a outcome, swift improvement and administration of vaccines to include the spread of Covid-19 became required and a quantity of vaccines had been ready in a record time by different nations.
Corona Kavach and Corona Rakshak: Q&A on Covid-particular well being insurance plans
Launched on January 16, 2021, the Covid-19 vaccine has been offered to healthcare and frontline workers in India initially. Persons more than 60 years of age had been in the second group who got the vaccine from January 1, 2021 and persons amongst 45 and 59 years with comorbid circumstances became eligible for vaccinations from March 1, 2021.
With the vaccines now accessible to create immunity against the infection, there are apprehensions that Covid-associated well being insurance coverage claims could be rejected for these who fail to take the vaccine and get infected.
When inquired about it, Dr. Bhabatosh Mishra, Director Underwriting, Products & Claims, Max Bupa, mentioned, “We advise people not to pay heed to such rumours. There has been no such plan by us or communication from IRDAI to this effect. It is important for people to get vaccinated. The vaccination drive is in full swing and our vaccines are among the best in the world. People should take vaccines to protect themselves and others too.”
So, vaccination is not required to make well being insurance coverage claims, but for your personal security.