Waiting Period
Similar to most of the medical insurance plans, the coronavirus insurance plans propose a waiting period of 15 days. However, some insurance providers choose a variable, and they offer 14-16 days waiting period for coronavirus health insurance, for example, Star Health Insurance. We advise you to check the plans carefully for the waiting period clause before you buy your health insurance for coronavirus.
Sum Insured
You always have an option to go for a higher sum insured by paying a little higher premium. With the current scenario, when COVID 19 is claiming many lives, it is always advisable to opt for maximum coverage to stay financially secure. When the insured is hospitalized for twenty-four hours, he/she is eligible to claim 100% of the sum. Moreover, while under the quarantine, the insured can claim up to 100% of the assured sum but have to pay the loading charges.
Coverage
All coronavirus insurance plans cover the expenses of hospitalization, ICU room rents, OPD charges, and ambulance charges along with post-hospitalization care expenses.