COVID-19: Does your health insurance cover it? Experts answer

“All illnesses are covered; unless it is pre-existing and it is under a wait period, all illnesses are covered. If it is beyond the 30-day initial waiting period as per our policy, all illnesses are covered,” she added.

Ghosh also said that they have sought permission from IRDAI to entertain COVID-19 related claims even within the 30-day waiting period.

Reiterating Ghosh, Mayank Bathwal, CEO of Aditya Birla Health Insurance said, “COVID-19 is covered in all the indemnity policies and customers need not worry. In fact, we, and all other insurers are making sure that if any claim comes, they are ready to deal with these issues fully.”

Speaking about whether mediclaim would cover testing and quarantine if the tests are found to be negative, Sarbvir Singh, CEO of policybazaar.com said, “If the test leads to hospitalisation, then it is covered by all insurance policies. However, if it does not lead to hospitalisation, then it is unlikely to be covered. The government has fixed the test at Rs 4,500 and that is something that individual consumers will have to bear. However, it probably is a price worth bearing in the current environment.”