Choose a high-value health insurance policy for wide coverage amid Covid-19

Buy one at the earliest as underwriting norms tend to be strict in them

As per IRDAI, Corona Kavach will cover the cost of treatment of any co-morbid conditions, including pre-existing conditions

Those who already have a personal cover need not go for a high-value cover

Bindisha Sarang
Owing to the pandemic, there is a newfound urgency among buyers to purchase adequate health insurance. Not only are financial advisors recommending higher covers, buyers themselves are prepared to go beyond the Rs 5 lakh cover that was the norm earlier.
High sum insured plans range from Rs 25 lakh and Rs 1 crore. Over the past two months, web aggregator Policybazaar saw 35 per cent of first-time buyers go for high sum insured policies, compared to less than 2 per cent a year earlier.
The pandemic has clearly led to a drastic change in attitudes. Amjad Khan, director and business head of employee benefits practice at Anand Rathi Insurance Broking, says: “Those in the age group of 35-45, who

First Published: Dec 16 2020 | 06:07 AM IST

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