October 11, 2020 | Investopaper
The cases of corona infection are rising rapidly in Nepal. With the rise in infection, the corona insurance policy gained popularity in Nepal. Due to sharp increase in infected cases and claims, Beema Samiti modified the requirements for the insurance claim in Bhadra 28, 2077.
Corona virus insurance policy started from 7th Baishakh 2077. There is a provision to get a lump sum insurance claim of Rs. 50,000 or Rs. 1 lakh in case of corona virus infection. Under the corona virus insurance policy issued after Bhadra 28, the insurance company will pay a lump sum of Rs. 25,000 in case of corona virus infection and Rs.75,000 for treatment expense in case of hospitalization. But for the corona insurance policy issued before Bhadra 28, 2077, the company will make claim payment in lump sum as per the amount insured.
Insurance companies have remained ineffective in timely payment of claims. Generally, they are required to settle the claims within 7 days after the submission of documents. The companies state that the claim settlement is delayed mainly due to the insufficient documents provided.
Here are the 7 documents you need to submit in order to receive the claim payment from the insurance companies in case of corona infection.
Documents Required To Claim Payment Against Corona Insurance Policy
1. Copy of Corona Insurance Policy
2. Completely filled claim form
3. Original copy of PCR test confirming corona virus infection
4. Certificate of stay in Home Isolation from the local body while in Home Isolation
5. Discharge sheet in case of admission in hospital or isolation center
6. Official letter revealing the identity of the infected insured (Citizenship P.P., Birth Registration P.P. in case of minor)
7. Bills of treatment in case of hospitalization (only in case of insurance policy issued after 28 Bhadra 2077)
When applying for corona virus insurance claims, it is important to be aware that only genuinely infected people can obtain insurance claims, taking into account the potential for ethical risks.