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COVID -19 Treatment Cost in India

Jul 22, 2020 | 2 weeks ago | Read Time: 3 minutes | By iKnowledge Team

The COVID-19 pandemic that first began in China has now engulfed the entire world. In India alone, the cases have crossed the one million mark. The gravity of the situation is only intensifying. Moreover, the cost of treatment has been steeply rising, creating more pressure on people.

In such critical times, when safety becomes the prime motive, it is always beneficial to reserve a reliable asset to cope with the situation. An insurance policy that covers the COVID hospitalization expense cost will provide the much-needed support to the insured and the family, in case of an unfortunate event. It will also ensure that there is minimal financial burden in this distressing period.

Coronavirus Treatment Costs in India

The outbreak of the pandemic has put into the focus shortage of healthcare facilities in India. This shortage, coupled with the rising number of cases, has led to sky-high COVID-19 treatment costs.

Even before the spread of the novel coronavirus, the country was facing an economic slowdown, which has been further aggravated by the prolonged lockdown. All these factors have created a huge financial burden on families, leaving them to cope with uncertainty and a constrained monetary situation. Consequently, high COVID-19 treatment costs have made the situation even worse.

COVID-19 Hospitalization Expense in India

Even though the Ministry of Home Affairs capped the COVID hospitalization expense in India for private hospitals, the prices are still too high to bear for an average Indian.

The cost of bed/room rent for COVID treatment in private hospitals are:

  • An isolation bed is ₹8,000 – ₹10, 000 per day
  • ICU with a ventilator is ₹15,000 -₹18,000 per day
  • ICU without a ventilator is ₹13,000 – ₹15,000 per day

The total COVID-19 treatment cost in private hospitals sums up to:

  • ₹24,000 – ₹25,000 for isolation
  • ₹34,000 – ₹43,000 for ICU without a ventilator
  • ₹44,000 – ₹54,000 for ICU with a ventilator.

These COVID treatment costs exclude PPE charges, which further increase the medical bill by a large margin. Such immensely burdening costs made COVID-19 scare even worse.

The government hospitals provide primary care of COVID-19 patients at economical costs. But given the rising number of cases, limited healthcare facilities and shortage of specialized staff, these hospitals are already working beyond their capacity.

In these daunting times, when income is limited, but the COVID treatment cost is high and equally critical for survival, a person can rely on a COVID-19 insurance cover to lend the most supportive hand.

Aegon Life provides First Life + COVID-19 Insurance

Aegon Life understands the criticality of the situation and aims to provide a cover that does not pinch the pocket of the policyholder and also provides adequate coverage. Aegon’s COVID-19 plan has been created to safeguard the life of the insured and the loved ones.

In India, Aegon’s COVID-19 insurance plan was the first life insurance policy to cover COVID hospitalization expenses. The company has introduced coronavirus insurance, along with a term life plan to offer security amidst such unprecedented times.

  1. The COVID-19 insurance by Aegon Life offers a base life insurance policy that also covers expenses up to ₹5 lakhs on a minimum of 24-hours of continuous hospitalization on the first diagnosis of the virus. This helps to ease the financial burden.
  2. Additionally, the plan secures the family by providing a death benefit in case of the demise of the insured.
  3. The policy is very economical with premiums beginning as low as Rs. 12/day.
  4. It has different life cover options (up to ₹50 lakh), along with COVID-19 lumpsum hospitalization expenses (up to ₹5 lakh).
  5. Moreover, leveraging Aegon’s strong digital presence, the company has made the policy available on Flipkart. This has provided people with the flexibility to purchase directly at economical costs from the comfort and safety of their homes.
  6. Also, there is no obligation for a medical test of the insured. A person only needs to select a plan, fill in the details, verify the mobile number, and make payment. Post this, the cover begins immediately.  

Key features of Aegon Life’s COVID-19 insurance

  1. Lumpsum payout up to ₹5 lakhs on hospitalization because of coronavirus.
  2. Four different and flexible plans based on the coverage amount selected.
  3. No requirement for a medical test in such insecure times.
  4. Instant and hassle-free availability of the cover on the Flipkart app.
  5. Tax benefits on premiums paid and death benefit received, as per the Income Tax Act, 1961


Even while everyone is wishing and praying for the COVID-19 crisis to pass, the hard truth is it might last longer than expected. Hence, to assure safety and obtain adequate financial support in such a situation, a person can rely on COVID-19 insurance. The economical and exhaustive plan from Aegon Life can be the most trusted partner in this period.


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COVID -19 Treatment Cost in India
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