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Safety net: Covid-19 cases up, check if policy covers at-home care

Sum insured must be adequate, include consumables like PPE kits

Covid insurance
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Sarbajeet K Sen

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The resurgence of Covid-19 has reignited fears of infection and the financial burden of medical treatment. The importance of assessing one’s health insurance coverage and financial preparedness can’t be overstated.

Inadequate coverage

The previous waves offer a few lessons. “Medical costs tend to shoot up in a crisis. During Covid, hospitalisation was two-three times more expensive than normal. The frequency of hospitalisation also rose,” says Kapil Mehta, co-founder, SecureNow. Many either did not have health insurance or had policies with insufficient sum insured, which was inadequate to meet the expenses of multiple hospitalisations.

Many also had disease-specific plans. “It is

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First Published: Apr 27 2023 | 8:08 PM IST

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