At a time when Covid-19 cases were rising in India, the Insurance Regulatory and Development Authority of India (IRDAI) mandated insurers to provide a standard health insurance product called Corona Kavach policy. This is in an indemnity policy covering various types of medical expenses arising out of a Covid-19 affliction — still relevant as the country is yet to recover completely from the crisis, especially considering the new variants gaining ground globally.
The Covid Kavach policy covers hospitalisation expenses, home care treatment, comorbid conditions and AYUSH treatment for any Covid positive patient. The policy provides wide coverage at an affordable premium, useful for anyone without a complete health plan.
Take a look at the features, benefits and coverage of this coronavirus insurance policy.
This includes coverage of the following expenses:
The insurer will pay 0.5% of the insured sum as daily hospital cash for every 24-hours of hospitalisation for a tenure of 15 days.
The insurer will pay hospital-related expenses following a positive diagnosis of Covid-19 at a Government-approved testing centre. Corona Kavach covers fees of surgeons, anaesthetics, consultants, specialists, room rent, nursing expenses, ICU (Intensive Care Unit) expenses, etc.
This policy is available in three different tenures:
The insured sum starts at Rs. 50,000 and continues in multiples of Rs. 50,000 up to Rs. 5 lakh.
Covid Kavach is available on an individual and family floater basis. One can add his/her spouse, parents, dependent children and in-law parents as family members. It also covers any comorbid condition triggered by Covid-19.
The following are some of the most useful benefits of getting the Corona Kavach policy:
If you are looking for affordable rates for the Corona Kavach policy, you can take a look at the following rates provided by Navi General Insurance Limited. Download the Navi App and opt for this policy instantly.
|Sum insured||Rs. 50,000||Rs. 1,00,000||Rs. 2,00,000||Rs. 3,00,000||Rs. 4,00,000||Rs. 5,00,000|
|Tenure- 3.5 Months||Rs. 1,618 – Rs. 1,914||Rs. 2,272 – Rs. 3,743||Rs. 2,302 – Rs. 6,997||Rs. 2,365 – Rs. 8,068||Rs. 2,589 – Rs. 9,347||Rs. 2,764 – Rs. 10,342|
|Tenure- 6.5 Months||Rs. 2,427 – Rs. 2,871||Rs. 3,407- Rs. 5,613||Rs. 3,454 – Rs. 10,494||Rs. 3,547 – Rs. 12,100||Rs. 3,883 – Rs. 14,018||Rs. 4,145 – Rs. 15,511|
|Tenure- 9.5 Months||Rs. 2,912 – Rs. 3,446||Rs. 4,088 – Rs. 6,737||Rs. 4,144 – Rs. 12,594||Rs. 4,256 – Rs. 14,521||Rs. 4,660 – Rs. 16,823||Rs. 4,974 – Rs. 18,615|
Anyone insured with the Corona Kavach can cancel it within 15 days of buying the policy. So, if you do not meet the specific requirements of the insurance plan or find it unsatisfactory, you can always discontinue your plan.
As per IRDAI norms, the insurer will adjust the paid premium amount. This is meant to provide more flexibility to insured people.
The insurer, too, has the right to terminate a policy on the grounds of misleading or non-disclosure of certain facts. This includes information related to medical history, false documents or any fraudulent act. In such cases, the insurer provides a seven-day termination notice and may not refund any money.
With life slowly returning to normal, people will want to safeguard themselves from Covid-19 as much as possible.
Individuals can protect themselves from the virus with Covid-19 vaccines and cover themselves financially by purchasing a coronavirus insurance policy. The Corona Kavach policy provides the most extensive coverage, making it ideal for those who are vulnerable to risks, like healthcare workers and the elderly.
If you wish to buy any health insurance plans, then visit the Navi App today and choose a plan which suits best for you.
Ans: Insured persons can file for cashless claims by sending a request form to the appropriate TPA (Third Party Administrator). They can also pay for their own treatment and file for reimbursement with the TPA.
Ans: The minimum age limit for this policy is 18 years, and the maximum age limit for entry is 65 years. Dependent children under Corona Kavach can be up to 25 years of age.
Ans: Yes. Insurers can let you renew your Corona Kavach policy for a further period of 3.5 months, 6.5 months, and 9.5 months.
Before you go…
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