Insurance payout covid

6 comments

1. Generally speaking, it is a part of additional insurance which is often purchased along with life insurance. The specific part which pays out is the hospitalisation cover. This is not something that the national health insurance has anything to do with.

   Some types pay out at a daily rate (ex: ¥10,000 per day you spend in hospital).

   Some pay out a lump sum on the first day of hospitalisation. These days, ¥150,000 is a pretty common amount to be insured for in this case.

   Even if you recuperated at home, as long as you had the medicinal certificate from the city (that is, you got officially tested), the insurance companies have been paying out.

   However, from October, most (if not all) of the insurance companies are going to stop paying out for covid. So, be careful if you are looking to purchase insurance.

2. How long were you sick and out of work?

   If longer than 3 days you can get an insurance payment for “disability” same as any serious illness. It’ll be about 2/3 of your regular salary starting at day 4 (so if you were out 4 work days you’ll qualify for 1 day). You’d need to talk to either HR or the city depending on whether you were on company insurance or private.

3. I don’t know about you, but I’m pretty sure my insurance wouldn’t pay out if I caught covid.

4. My regular life/sickness insurance that I had through work paid out at the daily rate for hospitalization. 10k a day times 17 days I think it was? I wasn’t actually hospitalized (low risk & during one of the peaks), but they considered it the same as being hospitalized and paid out.

   There also was insurance that you could get specifically for covid from Paypay and others. At first it was a decent deal, but as the number of infections grew they obviously couldn’t make the numbers meet, and now I think it’s only like 5x your monthly payment back if you get covid, so not really worth it I wouldn’t think

5. Well in my case i didnt go to work for 10 days and was paid full that month. Other expenses were minimal, like Y5000 for tests and doctors appointment.

6. Generally, if your private life/health insurance (not the national health insurance) covers hospitalizations, they will view the quarantine/recovery period at home from covid as if you were hospitalized, and pay out for the days you were in. Of course this varies depending on your insurance provider but that’s the gist of it.