The deadly virus called 'COVID-19' has proved to be an eye-opener for all of us in understanding the importance of protecting our family's health. Ever since the outbreak of this virus, many people have lost their near and dear ones and (still counting). In such difficult times, the smartest way to ensure the protection of your family members is by investing in a health insurance plan that provides coverage for COVID treatment.
National Insurance Company has recently launched an insurance plan called 'Corona Kavach Policy' that provides coverage for the expenses incurred during the treatment of COVID-19 infection. The plan is specially designed to help people overcome the stress of paying heavy hospital bills that arise while getting treatment of COVID infection. The plan comes both in the form of an individual and family floater policy.
To collect more knowledge about this "Corona Kavach Policy", keep reading the section discussed below where we've mentioned complete details about the plan's features, benefits, and eligibility criteria.
The plan offers a wide range of coverage to adults between the age groups of 18 to 65 years and children between the age group of 1 day to 25 years.
The Corona Kavanch Policy is available within a variety of sum insured amounts ranging between Rs. 50,000 to Rs. 5 Lakhs.
The policy covers medical expenses incurred for the hospitalization of the insured person during the treatment of COVID infection. The expenses covered include room rent, boarding, nursing charges, ICU expenses, surgeon/doctor fees, Anesthesia, blood, oxygen, operation theatre and ventilator charges, medicines and drugs, and costs towards diagnostics.
Expenses incurred on road ambulance service availed in relation to COVID hospitalization are also covered under this plan. The maximum limit of this cover is Rs.2000/- per hospitalization.
If the insured person tests positive for COVID-19 and opts for home care and quarantine option, then this policy will take care of all the expenses related to the home care COVID treatment of the policyholder.
With this policy, medical expenses incurred due to COVID hospitalization get covered if treatment of the policyholder is done in any AYUSH Hospital (India's medical hospitals and centers including Ayurveda, Yoga, and Naturopathy, Unani, Siddha, and Homeopathy).
The plan also provides pre-hospitalization cover (up to 15 days) and post-hospitalization cover (up to 30 days) respectively for the treatment of COVID infection.
With this feature, the insured person is allowed to avail an amount of 0.5% of the sum insured per day for every 24 hours of continuous hospitalization. However, this benefit will be paid a maximum of up to 15 days during a policy period in respect to every insured person.
The policy offers a special 5% discount for Health care workers and another 10% discount on online purchase of the plan where no intermediary is involved.
The premium paid towards the Corona Kavach health insurance policy is liable to get the helpful tax benefits under section 80D of the Income Tax Act, 1961.
There is a fixed set of eligibility conditions that customers are required to fulfill in order to buy this plan. The eligibility table given below highlights those conditions of this plan. Let's check.
|Age at entry (adults)||18 years||64 years|
|Age at entry (Children)||1 day||25 years|
|Sum Insured||Rs. 50,000||Rs. 5 Lakhs|
|Policy Period||105 days, 195 days and 285 days|
|Family Members covered||Self, Spouse, Dependent children, Parents and Parents-in-law|
|Pre & post-hospitalisation||15 & 30 days|
National Insurance Company has set a list of certain exclusions for this plan under which no claim is provided to the customer. Let's have a look at these exclusions.
Expenses related to any of the following reasons are excluded from the plan's coverage limits:
To make this plan accessible for a large group of customers, the National Insurance Company adopts several ways to sell this plan. Customers can purchase Corona Kavach Policy from the following channels:
Out of all these methods, one of the safest and easiest ways to purchase this policy is to buy it from the official website of the National Insurance Company. For your convenience, we've listed down the steps of buying this policy from the online portal of the company. Let's take a look.
Visit the official website of National Insurance.
Go to 'Products->Health->Know More'.
Choose 'Corona Kavach Policy' and tap on 'View Policy Details'.
Scroll down and tap on 'Buy Policy Online'.
Enter your 'Customer Id' and Password' to check the policy premium.
Pay the premium online and the soft copy of the policy will be sent to your registered email address.
National insurance company settles claims using two easy methods:
Cashless Claim processReimbursement Claim process
In the cashless claim process, the company settles all the hospitalization expenses of the policyholder. But in the reimbursement process, the policyholder has to make payment of the hospital expenses on his own and can later reimburse those expenses from the insurance company by submitting the hospital bills and other required documents.
Given below is a detailed explanation of both these claim processes. Let's find out.
The cashless facility is only for policies that are purchased via a Third-Party Administrator (TPA).
Note Submit all the required documents to the TPA within 15 days.