Page 44 - The Insurance Times July 2020

The costs over cities & hospitals Pan India, would be as follows –
Type of City Metros State Capitals Rest of country

% of cost 1 0.8 0.65 0.9 0.75
Type of Hospital A B C A B C A B C
NABH Accredited Hospitals Isolation Beds
(including entry level) including supportive 10000 8000 6500 9000 7200 5850 7500 6000 4875
care & oxygen
ICU without need for
ventilator care 15000 12000 9750 13500 10800 8775 11250 9000 7313
ICU with ventilator
care (invasive/ 18000 14400 11700 16200 12960 10530 13500 10800 8775
noninvasive)
Non-NABH Accredited Isolation Beds
Hospitals including supportive 8000 6400 5200 7200 5760 4680 6000 4800 3900
care & oxygen
ICU without need for
ventilator care 13000 10400 8450 11700 9360 7605 9750 7800 6338
ICU with ventilator
care (invasive/ 15000 12000 9750 13500 10800 8775 11250 9000 7313
noninvasive)

** Metropolitan Cities include – The above stated Schedule is solely intended to facilitate
€ Delhi & NCR expeditious claim settlement of the policyholders and does
not in any manner, whatsoever, interferes with the line of
€ Mumbai Metropolitan Region
treatment to be prescribed by the treating Doctor/Medi-
€ Kolkata Metropolitan Region
cal Practitioner or the schedule of charges specified by any
€ Chennai Metropolitan Region statutory and /or regulatory authority. The ultimate judg-
ment regarding the treatment must be made by the physi-
Disclaimer: cian and the patient in light of all the underlying circum-
“The rates provided in the Schedule of Charges for Covid-19 stances and ensuing medical condition of the patient. The
Treatment costs in Hospitals (Schedule) are reference rates information contained in the Schedule is provided for above
for management of COVID 19 insurance claims. The Sched- stated purposes only and shall not be construed as medical
ule has been derived on the basis of experience and shall be advice or any subject matter. General Insurance Council
reviewed by General Insurance Council every month. assumes no responsibility with respect to the same.“ T

Insurers to continue No Claim Bonus

HDFC Ergo and ICICI Lombard, is offering to continue to offer the no claim bonus (NCB) even if any Covid-related claim
has been made by a policyholder.
Cumulative bonus, or NCB, in a health policy is a reward given to policyholders for staying healthy and not making any
claimon his/her policy in a year. The reward is in the form of an increase in the sum insured without any jump in the
premium amount.

Normally, if a policyholder renews a health policy without a break and has made no claim during the year, then the
next year, the insurer increases the sum insured (SI) by a certain percentage up to a maximum limit. For instance, you
can have a policy for Rs. 10 lakh with an NCB of 10 per cent every year. If no claims are made for three years, then
your SI will be Rs. 13 lakh (Rs. 3 lakh as the NCB).

44 The Insurance Times, July 2020