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Health Insurance 1093 views May 27, 2021
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.
Before understanding this plan further, let’s check out the highlights of the National Insurance Corona Kavach Policy.
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!
Table of Contents
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!
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.
Under the Corona Kavach plan, Policyholders can choose from the following policy term options according to their convenience.
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.
This specialized Corona Kavach policy provides coverage against expenses incurred 15 days before hospitalization and 30 days after discharge from the hospital.
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.
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.
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.
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.
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) |
---|---|
50,000 | 40 |
1 lakh | 35 |
1.5 lakh | 30 |
2 lakh | 25 |
2.5 lakh | 25 |
3 lakh | 25 |
3.5 lakh | 25 |
4 lakh | 20 |
4.5 lakh | 20 |
5 lakh | 20 |
Let’s check the conditions related to the National Insurance Corona Kavach Policy eligibility criteria mentioned below.
Policyholders can purchase this policy from any of the following methods.