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| Corona Rakshak Policy : Health Care Insurance Policy |
Corona Rakshak Policy
As corona-virus cases are increasing day by day across the country, the Corona Kavach Policy and Corona Rakshak Policy issued by IRDA will prove to be an important step towards health in this corona pandemic.
The Corona Kavach Insurance Policy Package will be released by various insurance companies from July 10, 2020 all over India.
Notification : - IRDAI/HLT/REG/CTR/164/06/2020
Corona Kavach Policy Details
This policy has been made primarily to cover the expenses incurred in hospitalization due to coronavirus disease.
Eligibility criteria
This insurance policy can be used by anyone between 18 and 65 years old,there are no any option to add family members and children.
◉ Minimum age of Entry : - 18 year
◉ Maximum age of Entry : - 65 year
Policy Type
Individual plan : - Generally, individual care plans and floater family plans are available in the all type of health care policy, but in this policy family floater plans are not available, only the individual plans are available here.
In individual insurance plans, only and only the insured holder can use the Corona Rakshak Insurance Policy if required.
Assured Amount of Policy
The amount received from the Corona Rakshak insurance policy is between 50 thousand to 2.5 lacs, which the insurance holder is given a lump sum amount during the hospitalization expenses incurred in corona disease.
This policy has a single and one time premium payment mode.
◉ Minimum sum assured: - INR 50,000
◉ Maximum sum assured: - INR 2,50,000
Waiting Period
There is a waiting period of 15 days for the holder of the corona Rakshak policy during which the insurance holder cannot be consumed with this policy if it is found to be positive to the corona virus within the first 15 days of receiving the insurance.
◉ Policy waiting period : - 15 days
Policy Period
Three types of policy periods 3 ½, 6 ½ and 9 ½ are introduced in the Corona Rakshak Policy.
◉ 3 ½ months / Three and half months. (105 days)
◉ 6 ½ months / Six and half months. (195 days)
◉ 9 ½ months / Nine and half months. (285 days)
Condition of Policy
1. In order to get the cover claim of any policy related to Corona Kavach , it is mandatory for the insurance holder to have the Corona Test Report from the Government Authorized Diagnostic Center.
2. A minimum 72-hours hospitalization for the claim is extremely necessary.
Claim Procedure
Corona Protector Policy is not a policy of reimbursement, if the condition of the policy is fulfill then approximately 100% lump sum Sum-assured cover is provided by the insurance company.
The insured shall submit all relevant documents to the company within 30 days of discharge of the hospital.
The claim will be through TPA (third-party administrator) as in a health insurance policy.
Premium of policy
Policy available with Health & General Insurance Company. The terms and policies will be the same for all companies but changes in premium can be found.
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| Corona Rakshak Policy Premium |
* Policy premiums are subject to change.
* Before taking policy, compare the premiums of different policy companies.
Conclusion
This time of coronavirus is passing very terrible, where thousands of people are getting vulnerable to coronavirus every day, in such a time it's very important to have an insurance plan where you can protect yourself and others are protected very well.
If you do not have any type of health insurance policy and mediclaim, then it would be more beneficial to take a Corona Kavach Policy and if you have a health insurance policy, then you should take a Corona Rakshak Policy rather than a Corona Kavach Policy, because in such a situation You will receive the dual claim benefit from Mediclaim and Corona Rakshak Policy.
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