Corona Rakshak Policy
  • Lump sum payout
  • High sum insured
  • ICU covered
Corona Rakshak Policy
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Health Insurance Plan for you.

Get upto 15% Online Discount*

Select Members You Want To Insure

Age of Eldest Member

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?

Make Health Your Top Priority Banner

Complete Health Suraksha Banner

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

Product type Individual
Waiting period 15 days
Sum insured Rs. 50 Thousand to 2.5 Lakhs
Policy tenure 3.5 months, 6.5 months & 9.5 months
Entry age 18 years to 65 years

Other Health Insurance Companies

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:

  • Lump sum Payment On a positive COVID diagnosis by a government-authorized centre, the entire sum insured is reimbursed in lump sum.
  • One Time Premium Payment Since the policy is a short- term cover, you only have to pay the premium once at the time of purchase. This makes it a hassle-free process.
  • Pre-Medical Check-Up No pre-medical examination is required in order to buy this plan.
  • Short Waiting Period The plan comes with a waiting period of only 15 days.
  • Individual Coverage The coverage is provided on an individual basis.
  • Tax Benefits Premium paid is eligible for tax exemption under Section 80D.
  • Loss of Income This is a benefit-based plan that offers a payout that can help you to compensate for a probable loss in income due to a COVID 19 diagnosis.

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:

Hospitalization Expenses

If the hospitalization is more than 72 hours, the lump sum amount is paid to the policyholder.

ICU Expenses

The policy coverage amount also includes the cost of ICU/ICCU.

Pre & Post Hospitalization Expenses

Under the Corona Rakshak policy, Pre & Post hospitalization expenses are covered up to 15-days & 30 days respectively

Road Ambulance Charges

Road Ambulance expenses are also covered up to Rs. 2000.

Exclusions

  • Any hospitalisation that lasts less than 72 hours
  • AYUSH Coverage i.e. Ayurveda, Yoga, Unani, Siddha & Homeopathy
  • Claims filed based on diagnostic reports from unauthorized testing Centres
  • Any diagnostic or therapy that isn't connected to the COVID-19
  • Renewals and portability is not possible in this policy
  • Claims submitted before the initial 15-day waiting period are not covered.

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.

Basis of Distinction Corona Rakshak Standard Health Insurance
Coverage Corona Rakshak is a specifically designed policy for coronavirus, that covers expenses specific to Coronavirus treatment. Standard Health Insurance covers coronavirus along with other illnesses and diseases.
Separate/ Same Policy You have to buy a separate policy that covers the treatment cost as well as the cost of consumables such as PPE kits, gloves, face masks, sanitisers etc You don't have to buy a separate cover or policy as it is all-inclusive in your Health Insurance.
Premium The premium paid is quite lesser than the standard Health plan The premium for standard Health Insurance is comparatively higher than the Corona Rakshak. The premium largely depends on your age, location, add-on covers opted for, plan, and sum insured chosen.
Policy Term It is a short-term policy and comes with a duration of 3.5 to 9.5 months It is a long-term policy that comes with a minimum term of 1 year.
Claims & Cancellation The policy will be cancelled once the claim is made. The policy will expire until your claims don't go above your total Sum Insured.

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.

Health Insurance Articles

Corona Rakshak Policy FAQs

1. What do you mean by lump sum benefit in a Corona Rakshak?

Lump sum means payment of the entire Sum Assured in one go.

2. Can I pay premiums in installments?

Since Corona Rakshak is a short- term cover, the option to pay premiums isn't available.

3. Can I buy Corona Rakshak online?

The answer is Yes. In fact, by buying the policy online, you will adhere to Social Distancing, which is beneficial & preferable.

4. Is Corona Rakshak available as a Family Floater Plan?

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

5. I am availing Homeopathic Treatment for Covid- 19. Will I get coverage under Corona Rakshak?

No, AYUSH Treatment expenses are not covered under Corona Rakshak policy.

Find Out What The Customers Are Saying

Customer Review Image

Durgesh Kumar

Jaipur

March 25, 2023

Best health insurance claim mere leg ka surgery hui h 22.03.2023 ko 2 hrs m claim approval aa gya tha mari policey ko 7 month hi hua h mera claima 44000 rupaye ka tha 100% company n pay kiya h ...

Customer Review Image

Ajay Kapoor

Delhi

March 24, 2023

Bad experience operate 6th jan 2023 my claim no 31418820 Ajay Kapoor mob 7838722273 till date 24 mar 2023. No reimburse ment amount 67367 not recd . always demand new query. I send you after op...

Customer Review Image

Ranjan Kumar Verma

Patna

March 5, 2023

मैने 2016 में PolicyX.Com से Health Insurance Online Purchase किया था। अभी 2021 से मैं STAR HEALTH का Policy continue किया हूँ...

Customer Review Image

Tarun

Ludhiana

February 21, 2023

I got payment with in 3 working days. I am glad how Vomitha ma am who s the executive, listen me carefully and release the payment directly to my account. Thanks Acko

Customer Review Image

sandeep singh

Chandigarh

January 12, 2023

Dnt buy any policy from Star health They are big fraud my father is admitted in hospital crucial stage they reject our claims without reason i will filled case against company in consumer court...

Customer Review Image

Poonam Sinha

Surat

December 9, 2022

Mujhe khaas kar inki service best lagi. Policyx se mai hamesha services lungi. Maininki services se khush hu

Customer Review Image

Anita srivastava

Delhi

December 9, 2022

Policyx helped me a lot in documentation process, I was skeptical at first but they made my work easy.

Customer Review Image

Nishant

Lukhnow

December 9, 2022

Omg when i was buying the policies I was o skeptical. I contacted policyx and they solved my confusions and even helped in my documentations.. They are the best .

Request A Callback