Startup Digit Insurance offers coronavirus coverage
Responding to the public’s anxiety about the surging pandemic, insurance startup Digit Insurance is now offering coverage of health for the novel coronavirus COVID-19 infections.
India currently has six patients who've tested positive for the virus, and six others quarantined on suspicion of having been infected.
The policy, which comes beneath the company’s Digit HEALTHCARE Plus plan, is a need-based insurance scheme that anyone below the age of 60 years can insure themselves and others for a sum as high as Rs 2 lakh or for as little as Rs 25,000.
Digit Insurance will pay policy holders who've tested positive for COVID-19 up to 100 per cent of the sum insured for treatment costs.
For persons who've been quarantined at a government or military hospital on suspicion of having been infected, Digit Insurance can pay 50 % of the sum insured. The insurer’s website says that is applicable whether or not the patient’s tests are later found negative, as it covers the screening and treatment costs.
There are some caveats. Only patients whose tests were conducted by authorized centres of ICMR - National Institute of Virology, Pune, will qualify for claims. Also, only those who have not travelled to China, Japan, Singapore, South Korea, Thailand, Malaysia, Hong Kong, Macau, Taiwan, Italy, Iran, Kuwait and Bahrain since December 1,2019 meet the criteria.
In addition, it stipulates that you need to not have experienced contact with any person suspected to have contracted the infection.
Treatment taken abroad can be not covered under this policy.
