Health Insurance 378 views May 27, 2021

National Insurance Corona Kavach Policy

National Insurance Corona Kavach Policy provides policyholders the coverage against healthcare needs during the treatment of COVID-19. It is a short-term standard individual indemnity health insurance product available on an individual or family floater basis. Policyholders can choose from multiple sum insured options according to their convenience. If you are worried about the healthcare costs incurred on the treatment of coronavirus, this plan could be suitable for you.

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Before understanding this plan further, let’s check out the highlights of the National Insurance Corona Kavach Policy.

  1. Covid Hospitalization cover (Room rent charges, PPE Kit, etc.)
  2. Flexible sum insured
  3. Pre-and Post-hospitalization expenses coverage
  4. Ambulance charges
  5. Home care treatment
  6. AYUSH treatment coverage
  7. Hospital Daily Cash benefit
  8. Comorbid conditions covered (during Covid treatment)
  9. Premium discount
  10. No pre-policy checkup
  11. First 15-day waiting period
  12. Single premium payment
  13. Tax benefits under Section 80D of the Income Tax Act, 1961

If you want to know more about these features in detail, this page could be a good read for you. Here, we will discuss the same along with its eligibility criteria. Read on to know more!

Features and Benefits of the National Insurance Corona Kavach Policy in Detail

National Insurance Corona Kavach Policy can be a financial shield during the COVID-19 treatment. We are mentioning the features and benefits of this plan in detail below. Please check!

Flexible Sum Insured Options

National Insurance Corona Kavach Policy offers multiple sum insured options from which policyholders can choose according to their affordability. These options are INR 50,000, 1 lakh, 1.5 lakh, 2 lakh, 2.5 lakh, 3 lakh, 3.5 lakh, 4 lakh, 4.5 lakh and 5 lakh.

What is the Policy Period?

Under the Corona Kavach plan, Policyholders can choose from the following policy term options according to their convenience.

  1. Three and half months (3 ½ months or 105 days)
  2. Six and half months (6 ½ months or 195 days)
  3. Nine and half months (9 ½ months or 285 days)

COVID-19 Hospitalization Cover

If a policyholder needs hospitalization for the treatment of COVID-19, the policy from National Group will provide coverage against the following expenses up to the sum insured.

  1. Expenses on Room/ ICU/ ICCU
  2. Fees of Doctor, Surgeon and Specialists
  3. Anaesthesia, blood, oxygen, operation theatre charges, surgical appliances
  4. Medicines, medicine, diagnostic cost, other related charges
  5. PPE Kit, gloves, mask costs

Pre-and Post-Hospitalization Expenses

This specialized Corona Kavach policy provides coverage against expenses incurred 15 days before hospitalization and 30 days after discharge from the hospital.

Ambulance Charges

If a policyholder needs to be transported to the nearby hospital via an ambulance, the policy will reimburse the expenses incurred on the same up to INR 2,000 per hospitalization.

Home Care Treatment

Insured persons will get coverage against treatments taken at home with this policy up to the sum insured. The coverage will be up to 14 days per incident per policy period.

Hospital Daily Cash Benefit

During hospitalization for the COVID-19 treatment, policyholders will also get hospital daily cash as 0.5% of the sum insured up to 15 days of hospitalization.

Note: During COVID-19 treatment, all comorbid conditions will be covered under the policy.

What is the Premium Amount for National Group Corona Kavach Policy?

The premium amount for the National Group Corona Kavach Policy depends on several factors such as policy period, chosen add-on, age of the policyholder and sum insured.

The minimum premium stands at INR 155 for a policy period of three and half months for individuals between 0 to 20 years with a sum insured option of INR 50,000. On choosing the add-on, the premium amount will be INR 160. The maximum premium amount stands at INR 8,900.

Discounts on Premiums

Policyholders will get a 10% premium discount on purchasing this plan online via the customer portal of National Insurance. Healthcare workers will get a 5% discount on the premium amount.

On choosing the policy on a floater basis, you will also get a family discount for each family member in addition to the eldest family member. To know more, check the below table.

Sum Insured (in INR)Discount (in percentage)
50,00040
1 lakh35
1.5 lakh30
2 lakh25
2.5 lakh25
3 lakh25
3.5 lakh25
4 lakh20
4.5 lakh20
5 lakh20

National Insurance Corona Kavach Policy Eligibility Criteria

Let’s check the conditions related to the National Insurance Corona Kavach Policy eligibility criteria mentioned below.

  1. The entry age for proposers and members ranges from 18 to 65 years.
  2. The minimum entry age for children stands at one day, while it can go up to 25 years.
  3. On a floater basis, the family will include proposer, spouse, dependent children, parents and parents-in-law.

How to Buy National Insurance Corona Kavach Policy?

Policyholders can purchase this policy from any of the following methods.

  1. Online portal
  2. Operating offices
  3. Intermediaries
  4. Self-service kiosks
  5. Remote Office on Wheels (office on a mobile van)

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