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Benefits of Buying COVID-19 Health Insurance as Your 2021 New Year Resolution

Team AckoJul 22, 2021

The recent COVID-19 pandemic added to people's stress levels. Many lost their loved ones to the deadly virus and the disease still has its lingering effects on our lives. But this cannot go on for a long time. It's time for New Year and new resolutions that people often intend to keep. One such resolution can be opting for COVID-19 health insurance. Let's take a look at some reasons why buying COVID-19 health insurance should be your primary objective in 2021.

Benefits of Buying COVID-19 Health Insurance as Your New Year Resolution

New Year’s Resolution for Covid-19 Health Insurance:

COVID-19 is a deadly viral infection that took a lot of lives since it broke out in China in December 2019. The number of cases grew rapidly and soon COVID-19 was declared a pandemic by the World Health Organization (WHO). One can take physical precautions by maintaining hygiene and by practicing social distancing, but for the financial aspect it is a great idea to buy consolidated, regulator-approved COVID-19 health insurance plans like Corona Kavach and Corona Rakshak. These plan offer the following coverage:

  1. Hospitalization

  2. Diagnostic tests

  3. ICU/ICCU charges

  4. Medicines 

  5. Cost of oxygen cylinder, nebulizer, pulse oximeter

  6. PPE kits, gloves, masks, etc.

  7. Ambulance charges

Reasons for Buying Covid-19 Health Insurance for 2021:

Here is the list of reasons and benefits of buying a COVID-19 for the coming year:

  • Coverage for hospitalization

    The COVID-19 treatment is quite costly and may burn a hole in your pocket. Especially, the hospitalization charges can cost a fortune and may eat up a significant portion of your savings. However, with a COVID-19 Health insurance policy, your insurance provider will take care of the hospitalization expenses.

  • Insurance for diagnostic expenses

    One may not be suffering from the COVID-19 disease but to get the initial diagnosis done might seem like a costly affair to many people. Getting COVID-19 insurance will cover the diagnostic expenses as well so that you can be at peace and stop worrying about high medical expenses.

  • Financial security for an unplanned expense

    Diseases are unplanned, and so are the expenses associated with them. A deadly disease like COVID-19 may need a costly treatment which may not be easy for many people. If you invest in COVID-19 health insurance, you can stay ahead of unplanned expenses.

  • Peace of mind

    Let's face the fact! Do you not get petrified when you read about the recent COVID-19 cases? You may always think that your loved one may be next. Though you take all necessary precautions as advised by the medical practitioners, still, the thought of being infected by the deadly virus is bad, especially the thoughts of huge medical expenses can give you sleepless nights. COVID-19 insurance will provide coverage against the deadly virus. 

When you have the COVID-19 insurance, you have some peace of mind since the COVID-19 insurance will get you covered so that your finances are not jeopardized. 

Importance of COVID-19 Health Insurance This New Year:

The year 2020 has been a disaster for most of us due to the pandemic. When we are close to embracing 2021, we must make sure that we have the right health insurance policy to get us financially covered against the deadly virus. Ensure to check the plans, and the terms and conditions carefully of the insurance policy. It would be a good idea to do a comparative analysis of different policies before you finalize one for yourself.

Does My Standard Health Cover COVID-19?

Standard health insurance may not cover COVID-19 under the policies. You need to check the details from your insurance provider before you finalize the purchase. Hence, ensure to do thorough research before you finalize your insurance plan. After all, being prudent always helps to seal the deal. 

Ideas to Make and Keep a New Year’s Resolution:

Making a new year’s resolution is easy; however, to keep a new year’s resolution may be as tricky as to be nailing jelly to a tree. Let's take a sneak-peek into some of the tips which will help you to make and keep a new year’s resolution:

  • Create bite-sized goals: Think of your resolution as your goal, and once your goal is set, you can work for the plan of action. It is imperative to make both long and short term goals as your New Year resolution. The highest priorities should be dealt with first, and you must make them your topmost resolution for the New Year 2021.

  • Prioritize goals starting from the most important one: Determine your priorities before you make your resolution. You need to grab a pen and paper before you commence this process. Quickly create a note of the things that are most important to you. 

  • Be realistic about goal setting: Don't stress yourself out with impossible targets and unachievable deadlines. You must work slowly and steadily towards the goal. For instance, if your new year’s resolution is to buy the best COVID-19 insurance in 2021, you cannot expect the right insurance provider to knock at your door on a sunny morning and hand you all the insurance papers. You need to make an effort and look for the best plan.

  • Be accountable for the results: You need you to make yourself accountable and avoid procrastinating things. You can make a verbal or a written promise to yourself that you will stick to the plans formulated and will go to any length to execute them. 

  • Find the right motivation and reward yourself: The right motivation will always help you complete a task in time. It won't feel like you are slogging your way through tough spots. Once you complete the task, you can give yourself a small reward for achieving success.

  • Avoid repeating past mistakes: Try to understand what went wrong with last year's resolutions and what stopped you from fulfilling them. Maybe a goal was not achieved because you had set unrealistic expectations. If that is the case, scale back to a less ambitious challenge or consider breaking your big goal into tinier steps.

Tips for a Healthy Lifestyle and Strong Immunity:

Building a strong immunity is crucial for fighting against the deadly COVID-19. Here is a list of things that will help you to stay healthy and to build a stronger immunity:

  • Staying hydrated will boost your immune system so that you can fight against the deadly viruses.

  • Ensure to get a fair amount of sleep during the day. While sleeping, your body will release proteins like cytokines that will help you to protect against deadly viruses and infections.

  • You need to avoid smoking and drinking if you want to build stronger immunity. Smoking weakens your lungs so that deadly viruses can affect you easily.

  • Maintain a healthy weight as being overweight, and excess fat storage in your body can turn your body's defense system against you. Similarly, being underweight can cause your body to be malnourished so that bacteria and viruses can attack you quickly.

  • Consider engaging in any form of exercise at least a few times in a week. This will help with blood circulation and keep your energy levels high.

Remember:

You can follow the tips from the above article to build a robust new year resolution for 2021, and you can have a COVID-19-free year by maintaining a healthy lifestyle. Get yourself covered with COVID-19 insurance and prepare against the deadly virus.

Conclusion:

COVID-19 pandemic has affected the lives of millions of people around the world. But certain precautions can go a long way and help you fight the illness. Being financially healthy is of equal importance compared to being physically strong. Thus, consider buying a good COVID-19 health insurance plan and safeguard your finances to prepare against the Coronavirus infection.

Frequently Asked Questions:

1) What can I claim under COVID-19 insurance plan?

You can make a claim for hospitalization expenses, day-care i.e. small medical procedures, ambulance charges, etc. under your COVID-19 health insurance plan.

2) Are the expenses related to self-isolation covered under COVID-19 health insurance?

No, self-isolation or self-quarantine expenses are usually not covered under COVID-19 health insurance. You can get in touch with your insurance company for more details about the coverage of the policy.

3) What is the waiting period and is it applicable to COVID-19 insurance plan?

The waiting period is the time during which you cannot make a claim against your health insurance policy. Usually, a waiting period of 30 days is applicable on a COVID-19 insurance policy.

4) I just came back from a foreign country and had to get hospitalized due to a Coronavirus infection. Am I eligible to make a claim?

Yes, as far as you are hospitalized in India, you will be eligible to make a claim against your COVID-19 health insurance policy.

5) My new year resolution is to create a health insurance portfolio. Which types of policies should I include?

A strong health insurance portfolio has an Individual Health Insurance Policy, Family-Floater Plan, health insurance for senior citizens (if applicable), a critical illness cover, and a COVID-19 health insurance policy.

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