Page 14 - Insurance Times April 2020

Under the policy, the policyholder is not “We are also thinking of providing, in Edelweiss group health insurance
asked about the recent travel history addition to whatever schemes we policies, it stated further.
before the purchase or during the time have, extra health insurance to health Digit Insurance introduces
of claim. The COVID-19 insurance officials who are working in labs and
cover will assure a sum insured of Rs also in the hospitals who are treating policy to cover against
21,000 and Rs 42,000 is promised for COVID-19 cases,” he said. COVID-19
a premium of Rs 459 and Rs 918 re-
spectively. Claims can be applied after Digit Insurance has also introduced an
a mere 16-day waiting period, with the Edelweiss General insurance product to provide coverage
incubation period for the novel Insurance to provide against the Coronavirus Disease
coronavirus standing between two and coverage to quarantined (COVID-19). The insurer has built the
14 days. insurance product under the Digit
Health Care Plus and filed under IRDAI’s
All existing Star Health policyholders patients under Covid-19 Sandbox Regulations.
are already covered for expenses in- policy
curred for treatment and hospitaliza- The policy covers ongoing treatment,
where if the test for COVID-19 is found
tion of Coronavirus under present Edelweiss General Insurance said that positive from any of the authorised
the company’s COVID-19 policy will be
health covers. providing coverage to the quarantined centres of ICMR-National Institute of
Jagannathan said, “The very objective patients in specified government Virology, Pune, the company gives
of this policy is to cater to an audience facilities. 100% of the claim amount. According
that is not insured yet and of lower “We have decided to cover to the insurer, there will be no
income. Many still do not know the hospitalization for not only those who requirement for the completion of
importance of having a health insur- have a confirmed diagnosis but also treatment.
ance cover. those who have been quarantined in In case of quarantine is advised in a
Customers can buy this policy from our specific facilities identified by the government, army or military hospital,
online platform and agents. Soon, if government. Digit will give 50% lump sum of the claim
our bancassurance partners are inter- The coverage amount is up to the sum amount for a consecutive period of 14
ested we may sell these to their cus- insured under the policy. For the days (incubation period for COVID-19).
tomers as well.” quarantined patients, the health policy The policy will also give coverage to the
ensures coverage for the entire period costs for screening and treatment.
of quarantine with up to 100 per cent Vivek Chaturvedi, head, Marketing,
Karnataka govt mulls ad- of the claim amount being paid against Digit Insurance, said, “We are offering

ditional health cover for quarantine and detection charges,” this as a flat benefit cushion cover, for
both positive and quarantined cases.
Edelweiss General Insurance said.
doctors treating Covid-19 Edelweiss health Insurance will help the While for positive cases we pay 100 per
patients quarantined patients with domiciliary cent, 50 per cent of sum insured is paid
for quarantined cases so that even in
hospitalization support in case the
The Karnataka government is planning patients are unable to reach the the smallest way possible, it
to provide additional health insurance hospital during the quarantine period. compensates for the loss of income
coverage to doctors and paramedics It further stated that the patients can during this period. The insurance money
treating the COVID-19 cases and work- visit any nearby hospital for immediate is paid upfront in case of our product.”
ing in the laboratories besides existing treatment and expenses will be “For claims, the insured needs to submit
schemes, according to Karnataka reimbursed. a certificate from a government
Medical Education Minister Dr K medical officer to start the treatment
Sudhakar. In order to avail the cashless benefits, for Coronavirus Disease (COVID-19) or
patients are requested to visit EGI’s a positive virology report.
Emphasizing on the fact that their network hospital with their TPA card for
safety was 'paramount', he also asked any medical assistance. One can choose from multiple sum
them to follow the guidelines laid down insured options starting from Rs 25,000,
by the Health department while treat- This approval will be applicable, both which a choice of coverage up to Rs 2
for Edelweiss health insurance and
ing COVID-19 cases. lakh,” he added.

14 The Insurance Times, April 2020