As the coronavirus continues to wreak havoc on the lives and livelihoods of people around the world, the emergence of the Monkeypox virus is making headlines. Monkeypox is a virus transmitted to humans from animals with symptoms very similar to those seen in the past in smallpox patients, although clinically less severe.
As of 21 May, 92 laboratory-confirmed and 28 suspected cases of monkeypox with ongoing investigations have been reported to WHO from 12 Member States that are not endemic for monkeypox virus, across three WHO regions.
So far, no cases of Monkeypox have been reported in India and the states and central government are closely monitoring the situation.
Unlike when Covid-19 left many people stranded for funds while in hospital, it is always better to be prepared in advance. Health insurance policies have a role to play in covering hospital costs arising from the treatment of any illness, infection, etc. But will the costs be covered? “Hospitalization would be covered, subject to the terms of the policy,” says Raghavendra Rao, Distribution Manager, Future Generali India Insurance
“We need to understand that all infectious diseases, including monkeypox, are covered by the basic health insurance policy. If a person is diagnosed and hospitalized in India on or after arrival, they will be covered by an individual health insurance policy and not a travel insurance policy. A travel insurance policy ceases to be valid once the trip is over,” Rakesh Jain, CEO of Reliance General Insurance Company.
If one is traveling abroad and is infected with Monkeypox, the role of a travel insurance policy becomes important. “When it comes to international travel insurance, it is important to note that some travel policies only cover accidental death and accidental hospitalization, but not medical hospitalization. If a customer opts for the Medical Expenses feature in his travel policy, only then will all of his emergency medical expenses such as hospital charges, outpatient care and cashless hospitalization be covered while traveling abroad,” adds Jain.