Coronavirus Term Insurance

COVID-19 or Coronavirus is an infectious disease caused by a newly discovered virus called severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2).

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. However, older people and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

COVID 19 Insurance

COVID 19 insurance refers to an insurance policy or a rider that provides financial assistance for the healthcare expenses incurred by the policyholder for the treatment of COVID 19 disease. COVID-19 insurance benefits have been designed to help people get good quality treatment and care to fight against the novel Coronavirus.

A COVID-19 or Coronavirus insurance policy is a policy that provides an individual and his/her family financial protection in the case of COVID-19. Such plans can cover the medical expenses incurred during the treatment of COVID-19 or cover death caused due to COVID-19. There are also a few exclusive plans that cover both medical expenses as well as death claims for COVID-19.