Written By: Simran saxena

Simran saxena

Health and Term Insurance

Simran has over 4 years of experience in content marketing, insurance, and healthcare sectors. Her motto is to make health and term insurance simple for our readers has proven to make insurance lingos simple and easy to understand by our readers.

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Reviewed By: Naval Goel

Naval Goel

Insurance & Business

Naval Goel, the founder of PolicyX is a well-recognised name in the Indian insurance and finance industry. His global overview has revolutionised the way insurance is perceived and bought by commoners in India.

Updated on Jul 29, 2025 4 min read

Corona Rakshak Policy

Since last year, Coronavirus has become our constant unwanted companion. This highly contagious and lethal virus took an enormous toll on people's mental and physical health.

In addition to this, the world has witnessed soaring death rates, wreaking havoc, and an increase in medical treatment expenses. Everyone is getting shivers from the enormous financial drain and uncertain life following COVID-19.

Though the situation has come under control, the danger of Covid-3rd wave is still hovering on our heads. Have you given a thought about how you would manage everything if god forbid you get infected with this virus?

Looking at the rising cases of Coronavirus patients in the country in 2020, the Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory for the Health Insurers to offer COVID General and Health Policy, named ‘Corona Rakshak', for individuals. The policy was launched on 10th July 2020 and was made compulsory to be provided by each Insurer.

Corona Rakshak is a single premium policy that will pay 100% of the sum insured as a lump sum if the policyholder is hospitalized for at least for 3 days after testing positive. In this policy, the Insurance sum could range between 50,000 to 2.5 Lakhs.

Let's explore more about the policy:

Eligibility Criteria

Key Features of Corona Rakshak Policy

Corona Rakshak Health Insurance Plan is created with characteristics that offer financial protection to you and your family against the hospitalisation expenses incurred due to Coronavirus.

Following are some of the policy's unique features:

What's Covered under Corona Rakshak?

Inclusions of Corona Rakshak are specific to the procedures required during coronavirus treatment. The policyholder gets a lump sum payout from their Health Insurance provider if he/ she is diagnosed as COVID-19 positive by a government-approved diagnostic centre within the policy period. Check out the following benefits provided by the Corona Rakshak policy:

Is Corona Rakshak available as a Family Floater Plan?

Corona Rakshak cannot be availed on a Family Floater Plan basis. You can buy individual health plans for your family members to ensure financial protection against Covid-19 related expenses.

But is this coverage enough?

The answer is No.

There could be two major reasons:

• The cost of consumables are not covered in the standard Health Insurance Policy
• The treatment cost is very high and usually exceeds the Health Insurance Cover.

Read along to find out the differences between Corona Rakshak and a Standard Health Insurance Plan.

How Can I File Claims under Coron Rakshak Policy?

The COVID-19 claim process is somewhat similar to Health Insurance.

The first step to file any claim is to inform the respective Insurance Company about the diagnosis/hospitalisation.

Under the cashless facility, the policyholder first needs to check the Network Hospitals associated with his/her Insurer to get the treatment done. There is no need to worry about the expenses, as they are borne by the Insurer.

In the case of Reimbursement, the policyholder can get the treatment done in any hospital and primarily pay the bills on his/ her own. After discharge and sharing proper documents, (s)he can file a claim.

Conclusion

In such a scenario, where everyone is scared from the third wave of Corona, you cannot ensure that you will be able to avoid becoming a victim of Covid. In such situations, it is better to enrol in a health plan that not only helps you to pay medical bills but will also compensate for any loss of income caused by your illness. Thus, buying a Corona Rakshak policy is one of the best ways to safeguard your financial future.