Covid group insurance refers to a policy that provides coverage to your employees against coronavirus. The treatment for coronavirus, its variants, and any medical illness due to the same is covered. Medical expenses like hospitalization charges, tests and miscellaneous bills, are included in Covid Insurance.
Generally, hospitalization due to covid-19 is covered if you have an existing group health insurance. However, only hospitalization is covered and not expenses incurred during home quarantine or tests. So you can buy covid insurance as an add-on to your current group health insurance or as a separate policy.
With employees made to return to office, covid insurance helps with stress on getting exposed to the virus.
The cost of consumable expenses like gloves and masks is included in the covid insurance policy
The premium paid towards covid insurance are liable to be exempted from tax.
Coronavirus insurance policy covers hospitalization of employees due to covid-19.
In-patient hospital charges should be covered.
Provide 1% and 2% or 2% and 4% room and ICU rent respectively in covid insurance.
Doctor consultations of covid patients should be covered in the covid insurance policy.
Group covid insurance should start from Day 1