Even though the lockdown is coming to an end, and everyone is slowly getting back to what life used to be before the pandemic, the threat of COVID-19 is still at large. Even when taking all the precautionary measures possible, we are still not completely immune to the virus and the number of cases are increasing by the day. This is why we believe that it is of the utmost importance that you and your family are safe and protected.
What are the symptoms of coronavirus?
The common symptoms of coronavirus include sore throat, fever, tiredness, dry cough, cold, headache, loss of smell, and loss of taste. If you or a family member have any of these symptoms, it is best to quarantine yourself and get tested. The more serious symptoms are shortness of breath, chest pain, and loss of speech or movement, upon which you will require hospitalisation.
While the symptoms might be mild for some, it can prove serious and life-threatening to others, which is why we would suggest taking a family health insurance plan that offers coverage for COVID-19 treatment to protect you and your family financially in the event of a positive diagnosis. Chola MS offers you a family health insurance plan with a COVID-19 cover to ensure that your family is protected at all times.
What are the benefits of purchasing this policy along with your family health insurance?
As many things are still unknown about how the virus spreads, it is best to take a COVID-19 cover along with your family health insurance as a precautionary measure. With the Chola MS policy, you will receive a lump sum insured upon diagnosis, and each individual family member will have an independent sum insured limit under this policy. Some of the other benefits of the policy include:
- No health checkup is required to buy this policy
- The waiting period before making a claim can be made is only 16 days
- This plan is available for those between 3 months and 65 years.
- You can get a tax exemption with this policy, under Section 80D of the Income Tax Act.
- The policy lasts up to 1 year.
- Only a single premium payment before the commencement of the policy.
What is covered?
This policy offers you a lump sum of compensation upon diagnosis, and this lump sum insured can start from Rs 10,000 and go up to Rs. 50,000. In addition to the base cover, Chola MS also offers you additional covers, such as the Daily Cash Benefit, and the Loss of Job cover.
Under the Daily Cash Benefit, you will receive a daily sum based on the sum insured for every completed 24 hours of quarantine or hospitalisation upon a positive or suspected diagnosis of COVID-19. This daily sum will be paid for a maximum of 15 days and is in addition to the sum insured in the base cover.
Under the Loss of Job cover, you will receive 50% of the sum insured, additional to the sum insured as part of the base coverage amount, in the event of job loss due to quarantine or diagnosis of COVID-19. This financial coverage extends for up to 3 months.
Especially in these uncertain times, it is best to take all the precautionary measures possible. That is why we at Chola MS offer you a family health insurance policy along with COVID-19 coverage to ensure that you and your family stay safe and protected at all times. For more information on our COVID-19 policy, click here.