Corona Kavach or Corona Rakshak policy | Corona Kavach - Corona Rakshak Policy

Corona Kavach or Corona Rakshak policy

Corona Kavach and Corona Rakshak are health insurance policies launched in India to provide coverage specifically against COVID-19-related medical expenses. These policies were introduced in response to the COVID-19 pandemic to help individuals and families manage the financial burden associated with coronavirus treatment. Both policies are short-term health insurance plans designed to cover COVID-19-related hospitalization and treatment costs.

Corona Kavach Policy:

Corona Kavach is an indemnity-based health insurance policy that covers the cost of hospitalization, treatment, and other medical expenses related to COVID-19. Here are some key features:

1. Coverage: It provides coverage for hospitalization expenses arising due to COVID-19, including room rent, ICU charges, doctor's fees, and the cost of medicines and diagnostic tests.

2. Policy Duration: The policy is available for a duration of 3.5 months (105 days), 6.5 months (195 days), and 9.5 months (285 days). Policyholders can choose the policy term as per their requirement.

3. Sum Insured: Policyholders can choose the sum insured amount, which represents the maximum coverage available under the policy.

4. Waiting Period: Corona Kavach policies have a waiting period of 15 days, meaning that policyholders cannot make claims during the initial 15 days of the policy.

Corona Rakshak Policy:

Corona Rakshak is a benefit-based health insurance policy that pays a lump sum amount on the diagnosis of COVID-19. Here are its key features:

1. Lump Sum Benefit: If the policyholder is diagnosed with COVID-19 and hospitalized for a minimum of 72 hours, the policy pays a lump sum amount equal to 100% of the sum insured.

2. Policy Duration: The policy term can be 3.5 months (105 days), 6.5 months (195 days), or 9.5 months (285 days).

3. Sum Insured: Policyholders can choose the sum insured amount at the time of purchasing the policy.

4. Waiting Period: Corona Rakshak policies generally have a waiting period of 15 days, similar to Corona Kavach.

These policies were introduced to specifically address the healthcare needs arising from the COVID-19 pandemic. However, it's important to carefully read the policy documents and understand the terms, conditions, and coverage details before purchasing any insurance policy to ensure that it meets your specific requirements.