Corona Kavach Policy

As we can see that the COVID-19 cases are increasing day by day. So, IRDAI has come with certain norms that the insurance companies must indemnify for the risks related to COVID 19 disease. The name of the policy must be Corona Kavach Policy in which the insurance companies will cover all the risks that arise due to the Coronavirus disease. This plan will be available for a maximum policy term of 9 months and 15 days waiting period will be given separately. On the other hand, you will get a cashless facility across the hospitals where you are getting the treatment for the COVID 19 disease. Let’s explore the key features and other details of COVID 19 policy.

Key Features of Corona Kavach Plan

1. This insurance plan will be available on Family Floater and Individual Basis.
2. Hospitalization done for the treatment of COVID-19 will be covered in this plan.
3. The amount of the Sum Assured will start from Rs.50000 to Rs.5 Lacs.
4. There will be a waiting period for 15 days in this policy.
5. You will have to pay a Single Premium for this insurance plan.
6. There are 30 insurance companies that are going to offer the Corona Kavach Policy.

Benefits of Corona Kavach Plan

There are some exclusive benefits of this plan and it will help you if you are unfortunately diagnosed with COVID-19 disease. This disease is contagious and you never know when it can occur. So, it is better to be prepared to face the consequences.

Hospitalization Expenses Cover

If you are diagnosed with COVID-19 disease then the insurance company will cover all the expenses done during hospitalization. All the settlement will be cashless so that you can do other needy things with the patient instead of visiting the insurance company.

Pre and Post Hospitalization Cover

The insurance companies will also cover expenses done 15 days before hospitalization and 30 days after the insured is discharged from the hospital. It simply means that this plan will cover your pre-hospitalization and post-hospitalization expenses for 15 days and 30 days respectively.

Ambulance Expenses Cover

You will also receive a sum of Rs.2000 as the reimbursement of the ambulance charges per hospitalization. This indemnification will help you to meet out the ambulance expenses if the patient is serious due to the Coronavirus disease.

Home Treatment Cover

In the Corona Kavach Plan, the company will cover all the expenses incurred if you are taking the treatment of the COVID-19 disease at home. Usually, the course for the COVID-19 disease is for 14 days so the company will cover all the home treatment expenses for 14 days on the positive diagnosis of the Coronavirus disease.

Optional Cover for Hospital Daily Cash

You can also add an optional cover to this plan in which you will get 0.5% of the Sum Assured as the hospital’s daily cash for 15 days if you are hospitalized due to the Corona disease.

Single-Premium Payment

In this insurance plan, you will not have to pay the amount of premium again and again on a monthly basis because it has a Single Premium Payment Criteria. You will just have to pay the amount of premium only once at the time of inception of the policy.

Multiple Hospitals

It is not mandatory to take the treatment at the network hospitals of the insurance company. The expenses done at the hospitals designated by the government will also be covered in this health insurance plan.

Cashless Reimbursement

The company will indemnify for the loss on a cashless basis and you don’t have to visit the company’s office for the settlement. The payment will be done directly to the hospital so that you can get the best treatment for the corona disease.

Corona Kavach Group Policy

You can also take this plan for people in a group and cover all of them. People who are helping to fight for the COVID-19 disease will get a rebate of 5% like Doctors, Nurses, and Health Care Workers. On the other hand, you can cover a large number of people engaged in manufacturing, SMEs, Services, MSMEs, migrant workers, the logistic sector, and many others.

Co-Morbidities Cover

If in case you are triggered with any co-morbid condition due to the COVID-19 then it will be also covered while you are hospitalized.

Corona Kavach Plan Eligibility Criteria

Insurance Companies That Provides Corona Kavach Policy

1. National Insurance Corona Kavach Policy
2. Star Health Corona Kavach Policy
3. United India Corona Kavach Policy
4. New India Corona Kavach Policy
5. Niva Bupa Corona Kavach Policy