jayantharde.com

Growing monetary concerns among people in India, during the time when the country's economy is on the edge of recession, are not groundless, as many employers have imposed cuts in salaries and benefits. With the number of coronavirus cases increasing exponentially in India, frightening narratives of lack of bed availability, exorbitant charges levied by private hospitals to treat COVID-19 patients have emerged. The need for a health insurance policy to cover medical expenses is of primary importance during this time. According to the Asia Insurance Review, less than 4 per cent of COVID-19 patients in India have health insurance coverage, which is not surprising considering that total insurance coverage in India is very small. In April 2020, the Insurance Regulatory Authority of India (IRDAI) announced that all health insurance policies that cover the cost of hospitalization care provided by both general and health insurance firms should also cover the cost of hospitalization fo...

Most of us worry of the possible aspects of the coronavirus pandemic. It is only normal for people to wonder that their loved ones will be financially covered in the event of their absence. You already have thought about it yourself, if you’re reading this. Here’s the good news: You will earn a death payout if you had an active life insurance policy and died from a pandemic disease, such as COVID-19, even though you were traveling to an area with a confirmed coronavirus outbreak. You may be only unable to do so if you were approved recently and have not been able to divulge certain information concerning your application regarding your travel plans and/or coronavirus exposure. Furthermore, by paying the premiums on time, you can’t increase the premiums if you get sick at COVID-19 if you keep the active life insurance policy intact. And here’s some more good news: You can still apply if you don’t know have life insurance cover. Depending on where you live and what the ...