I am 39 years old and have a family floater health insurance policy that covers me and my wife. Given the recent covid-19 crisis, I am thinking of buying a health insurance plan specific for this disease.
I want to know what coverage should I expect and the terms and conditions associated with the coverage.—Name withheld on requestThere are two kinds of plans that are currently being offered by insurance companies for covid-19.
These can be classified into indemnity and fixed-benefit plans. Indemnity plans reimburse expenses incurred within the policy limits.
Fixed-benefit plans pay a specified amount on meeting the agreed trigger. The standard health insurance plan is an indemnity plan.