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Covid-19 vaccine: Your existing health policy is unlikely to cover costs, adverse reactions

Currently, all Covid-related hospitalisation is covered by traditional health insurance policies. Additionally, there are special health insurance covers only for Covid. But contrary to popular perception, existing health insurance policies are unlikely to cover the cost of vaccination and adverse reactions, if any. Only policies designed purely for the Covid-19 vaccination process — there is none at the moment — will cover the costs

December 02, 2020 / 01:13 PM IST
Source: Reuters

Source: Reuters

Bidisha Ray, 35, from Kolkata, gave birth to a child in October and is hoping to get the Covid-19 vaccine in the first tranche when it is launched. Ray wants her nursing baby to be safe from the virus but is also worried about any adverse reaction that she and her infant may suffer.

At the other end of the country, in Mumbai, Pradeep Sharma, 46, who tested positive for Covid, is also planning to take the vaccine. Sharma got his Rs 2.8 lakh medical claim reimbursed by his private insurer but is worried about how to pay for any adverse reactions to the vaccine as also the cost of vaccination.

The coronavirus vaccines being developed by various companies are in phase three trials. But amidst this there are fears over who will bear the cost of vaccinating the general public and possible adverse reactions to the vaccines.

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