4 BIG reasons why health insurance is a must during the COVID19 pandemic

From washing our hands, to sanitizing our homes and maintaining social distance while we are outdoors, there’s a lot we can do to keep COVID-19 at bay. However, the truth is that the coronavirus is an invisible enemy and no matter what we do, there is still a small chance of becoming infected with the virus.

Well, this is where health insurance can help! A good plan will help out in a number of ways and ensure you overcome trying times with ease. Not convinced? No problem! This article will give you 3 BIG reasons having health insurance during the COVID-19 pandemic is an absolute must!

1. Covers your medical bills.

While most COVID-19 cases are mild and can be taken care of at home, some patients might require hospitalisation, especially those above 60 years of age. Now, hospitalization of any sort can burn a whole in your pocket. Fortunately, with a health insurance policy by your side, you do not have to worry about hospital bills – your plan will cover the costs for you and ensure you can get to your best health without denting your finances.

2.      2. Keeps your finances intact.

Without a medical insurance plan, you might be forced to tap into your savings to cover hospital bills and other healthcare expenses. This can in turn disrupt your financial goals and force you to cancel out some of your future plans. However, a health insurance plan will protect your savings against the financial impact medical expenses. It will cover the costs for you and ensure that medical conditions such as COVID-19 do not derail your future plans.

 3.  Peace of mind.

The less you worry, the easier it is to fight the battle against COVID-19. And with health insurance, you are freed from one huge burden – paying the hospital bill. You can get admitted at one of your plan’s network hospitals and get treated without you or your family members having to cover the bill. And when your mind is at ease, your body can overcome the virus with ease.

4. Covers loss of income.

Testing positive for COVID-19 could see you out of action for up to 14 days. This could be longer if you have a severe case of the illness. During this time out, you might lose a significant amount of income in leaves. If you are self-employed, you could lose your source of income. However, you can opt for a fixed-benefit plan like the Corona Rakshak health insurance policy – it will provide payouts up to Rs. 2.5 lakhs in case you are hospitalized for more than 72 hours due to the coronavirus. You can use this amount to cover your loss of income and pay bills, EMIs, and even your medical expenses.

So there you have it, 4 BIG reasons why you absolutely must have health insurance during the COVID-19 pandemic. Just remember to compare plans thoroughly before choosing a plan, good luck and all the best!