To Get Life Insurance, COVID Survivors Need To Be Fit After Three Months Waiting Period

Many corona survivors are expected to deal with ailments related to like heart, kidneys, and lungs, especially those who are admitted in the hospital for more than four weeks after contracting the virus.

India   |   12 Jan 2021 11:09 AM GMT / Updated : 2021-01-13T11:34:39+05:30
Writer : Deep Prakash | Editor : Shubhendu Deshmukh | Creatives : Abhishek M
To Get Life Insurance, COVID Survivors Need To Be Fit After Three Months Waiting Period

Image Credits: Abhishek M

Life insurance may reject corona survivors proposal if they are found unfit after the three-month waiting period imposed by an insurance company. This new rule is even more strict for people above 60 years of age.

Many corona survivors are expected to deal with ailments related to like heart, kidneys, and lungs, especially those who are admitted in the hospital for more than four weeks after contracting the virus.

Chief actuarial officer of Aditya Birla Sun Life Insurance, Anil Kumar Singh said, "Cost of life insurance cover will be decided after the three-month waiting period and depends on the effect the virus has had on the individual's health. Additional premium charges are decided based on how many organs are impacted."

However, Singh clarified that if the COVID survivor does not show any complications or long-term effect, then extra charge will not be placed, reported Times of India.

Earlier, when the pandemic was at its peak, corona patients struggled to get money and their insurance company as most of the insurance company denied repaying the treatment of medical bills citing the clause that pandemic is not covered in the insurance.

Anish Kumar, a covid survivor from New Delhi, stayed nine days in a private hospital in August last year. He paid a ₹2.79 lakh to the hospital for his treatment. After filing the hospital bill to his insurance company for reimbursement, he only received ₹1.14 lakh from them. Anish wrote back to the insurance company for the payment of rest amount, instead of money he got a reply that PPE kits, pharmacy and doctor's visit are not included in reimbursement.

Many cases like Kumar's came in the public view last year after which IRDAI (Insurance Regulatory and Development Authority of India) issued guidelines for covid claims.

IRDAI instructed health insurance companies to resolve covid claims on priority and told that the insurer should cover the expenses during the treatment and the quarantine period. The companies are also told to come with new insurance plans that cover treatment, medicines and diagnosis costs of coronavirus infection only.

Suggest a correction

    Help Us Correct

    To err is human, to help correct is humane
    Identified a factual or typographical error in this story? Kindly use this form to alert our editors
  • *
  • *
  • *
  • Form Submitted Successfully
    Error in submitting form. Try again later

Contributors

Deep Prakash

Deep Prakash

Trainee Digital Journalist

A film and theatre enthusiast. Love to read history and political books. Acting and cinematography is what he loves. Love to report on current trending issues and political happenings.

Shubhendu Deshmukh

Shubhendu Deshmukh

Digital Editor

Shubhendu, the quint essential news junky, the man who loves science and politics in equal measure and offers the complete contrast to it by being a fan of urdu poetry as well.

Abhishek M

Abhishek M

Creative Supervisor

" An engineer by profession, Abhishek is the creative producer of the team, graphic designing is his passion and travelling his get away. In more ways than one, he makes the content visually appealing."

Next Story