Covid-19 vaccine: is it covered in your health insurance policy?

Posted on: May 18, 2021 | | Written by:

Covid-19 vaccine: is it covered in your health insurance policy?

Published on May 18, 2021. EST READ TIME: 3 minutes

There is currently only one buzzword in the country, and that is 'vaccine'. While the medical infrastructure is becoming overwhelmed due to the rising number of Covid-19 cases amid the second wave, getting vaccinated appears to be one of the best solutions to keep the deadly ailment at bay. People wanted to know if their existing health insurance plans would cover the corona treatment or not. Most insurance providers have designed customized plans to deal with any Covid-related complications. The latest concern people is whether or not the insurance policy will cover the cost of vaccination or not.

Does health insurance cover Covid-19 Vaccination?

With the surge in coronavirus cases in the country, the Insurance Regulatory and Development Authority of India (IRDAI) mandated that all general and health insurance companies include corona virus coverage in their existing health indemnity plans. It will cover pre and post-hospitalization expenses also as applicable ,

If you don’t have a health insurance policy, you can purchase one With the roll-out of Covid-19 vaccines, the big question is whether health insurance will cover the vaccine cost. Vaccines not covered in standard plans because they are preventive in nature. If your policy has an OPD cover: If your health plan has OPD coverage the vaccination cost will be covered if specified in the policy .

With the goal of vaccinating everyone, the IRDAI is in discussion with insurance companies to develop a plan to include vaccination costs in the Covid-19 insurance policies.

HDFC ERGO and Covid-19 Vaccine

In a bid to promote the vaccination drive in the country, our specific health insurance policies cover the vaccination costs. We cover vaccine cost up to INR 500 for every insured senior citizen above 60 years of age for a specified period

Conclusion

With millions of people infected by coronavirus, vaccines are a promising way to prevent further transmission, in addition to Covid-appropriate behaviour. Covid-related hospitalisation expenses are covered by standard health indemnity insurance policies, but what about vaccine cost? Check with your insurance provider as some insurers have included vaccination, but only under certain conditions.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

HDFC ERGO General Insurance Company Limited. Registered & Corporate Office: 1st Floor, HDFC House, 165-166 Backbay Reclamation, H. T. Parekh Marg, Churchgate, Mumbai – 400 020. Trade Logo displayed above belongs to HDFC LTD and ERGO International AG and used by HDFC ERGO General Insurance Company Limited under license. For more details on the risk factors, terms and conditions, please read the sales brochure/prospectus before concluding the sale. UIN: Corona Kavach Policy, HDFC ERGO - HDFHLIP21078V012021. IRDAI Reg. No.146 CIN: U66030MH2007PLC177117.

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