COVID-19 Latest Update:
* Source: mohfw.gov.in
Active Cases India : 653717*
Cured / Discharged : 7137228*
Confirmed Deaths India : 119014*
Seeing the rising Coronavirus cases in the nation, quality healthcare and fast treatment has become the need of the hour. Hence, the Insurance Regulatory and Development Authority of India (IRDAI) has announced the launch of Corona Kavach Policy and made it compulsory for all General & Standalone health insurance companies in India to provide this policy to its customers.
Corona Kavach is an indemnity based health insurance plan. This health insurance plan is designed to safeguard you and your family from the heavy expenses of COVID-19. This plan is available on an individual as well as the family floater basis.
Sum Insured (SI) - on an annual basis (in Rs.)
50k to 5L (in multiple of 50k)
3.5, 6.5 and 9.5 months
Table Data updated on 26-10-2020
Corona Kavach with a sum insured Rs. 5 lakh
Premium for age 18 to 35
Premium for age 36- 45
Premium for age 46 - 50
Premium for age 51 - 55
Bajaj Allianz Health Insurance
Star Health Insurance
Coco by Navi General Insurance Company
SBI General Insurance Company
Table Data updated on 26-10-2020
Corona Kavach offers comprehensive coverage to the insured if (s)he is diagnosed with COVID-19. Let's check out the coverage in detail.
Hospitalization Cover: The plan offers hospitalization coverage for COVID-19 (up to INR 5,00,000)
Home Care Treatment Expenses: It also offers coverage for availing treatment at home for COVID-19.
Pre and Post Hospitalisation Expenses: Corona Kavach policy provides pre & post hospitalization coverage (up to the sum insured) for 15 & 30 days respectively.
AYUSH Treatments: The plan offers coverage against inpatient care treatment for COVID-19 under Ayurveda, Yoga, and Naturopathy, Unani, Siddha, and Homeopathy.
Coverage of Pre-existing Diseases: Any disease (including pre-existing conditions) will be liable to get the cover along with COVID-19.
Below is a list of exclusions under Corona Kavach Policy
Hospitalization for diagnostics and evaluation purposes is not liable to get the coverage as it is not part of the treatment.
Expenses associated with bed rest, custodial care at home, or nursing facility is not covered.
The expenses of medicine without a prescription is not liable to get the required coverage.
The plan does not offer coverage against unproven treatment, services, and supplies that lack significant medical documentation to support their effectiveness.
Medical expenses due to OPD treatments or daycare procedures will not get covered.
Any expenses incurred with respect to inoculations, vaccinations, or other preventive treatment shall not be covered.
Testing done at a diagnostic centre, which is not authorized by the Government will not be recognized by this policy.
Buying Corona Kavach Policy is very simple. Just follow the below-mentioned steps-
The claim process of Corona Kavach Policy is similar to a regular health insurance plan. The policy can be claimed for cashless or either reimbursement. The steps for filing a claim are mentioned below.
1. Is there an age limit to buy Corona Kavach Policy?
The minimum entry age is 1 day for children and 18 years for adults. The maximum entry age limit for adults is 65 years. Dependent Children will be covered up to 25 years in a floater policy
No PPMC will be required for this policy.
The Sum Insured options available under this policy include Rs. 50,000, 1 lac, 1.5 lacs, 2 lacs, 2.5 lacs, 3 lacs, 3.5 lacs, 4 lacs, 4.5 lacs, 5 lacs.
In the case of COVID-19 hospitalization, the patient can stay at the hospital until the recovery. There is no such restriction on the number of days.
One can avail tax benefit under Section 80 D of Income Tax Act, 1961. This section is subject to revision in tax laws.
No, that won't be possible.
Last updated on 26-10-2020