What Is Corona Kawach Insurance?
One of the most important benefits of the Corona Kavach health plan is that it will pay for the cost of personal protective equipment (PPEs) and other hygiene-related consumables such as gloves and masks, which form a major chunk of hospital bills. Additionally, there won’t be any sub-limits on room rent. Capping of room rent usually results in increased out-of-pocket expenditure.
Since the policy is for the short term and is limited to a single ailment, the pricing is much lower than a regular health cover. The Corona Kavach is available for as low as Rs 208, for a policy tenure of 3.5 months with Rs 50,000 sum insured. For instance, in the case of Bajaj Allianz, the lowest premium is Rs 447 for a Rs 50,000 sum insured in the case of a customer aged up to 35, for 3.5 months.
The premium rises with age and period. The same customer will have to pay Rs 745 for a 9.5-month policy which is the maximum period. For the maximum sum insured of Rs 5 lakh, the individual will have to pay Rs 1,320, with the premium rising to Rs 5,630 for those over 60. On the other hand, for an individual aged 36-40, for a sum insured of Rs 5 lakh and tenure of 9.5 months, Oriental Insurance has priced the base product at Rs 1,286 plus taxes. Customers may experience a huge variation in rates among different insurers, as there is inadequate data available on claims and the infection.
The Corona Rakshak works as a fixed benefit plan and pays the policyholder the entire sum insured upon hospitalisation due to COVID-19 infection for a minimum of 72 hours.
All benefit-based policies pay out the entire sum insured to the policyholders if they are diagnosed with the ailments covered under the policies. The minimum sum insured shall be Rs 50,000 and the maximum limit is Rs 2.5 Lakh. For a 40-year-old individual buying a Rs 2.5 lakh cover, the premium for Star Health and Allied Insurance will be Rs 3,846 for a tenure of 3.5 months, while the premium for 9.5 months will be Rs 5,192. For the same plan, Future Generali Insurance will charge Rs 510 for 3.5 months, while the price for 9.5 months will be Rs 1,079. The prices for Universal Sompo General Insurance company are Rs 577 for 3.5 months and Rs 1,635 for 9.5 months.
Buy Online Corona Kawach Plan
Do have question, How to buy online corona kawach insurance plan? Let’s see, From clothes to shoes to household items we buy online. We like this type of shopping because we have to make so many decisions. Why should not it also apply online for term insurance? We like to explore all possible options.Policy planner offers a variety of online term insurance plans under one roof with benefits such as impartial advice and after-sales service!
HOW CAN I BUY CORONA KAVACH HEALTH INSURANCE PLAN TO COVER MY FAMILY AGAINST COVID-19?
There are various ways in which you can purchase this policy:
Online: On purchase of this plan online your policy could be generated almost right away along side your coverage kit and card. This is applicable for cases which do not require further underwriting or scientific checkup.
Telephone: If you wish to understand greater approximately Health Insurance Plans, please speak to our particularly skilled sales crew or your local guide. Call us on Phone 1860 500 one thousand among 9 am and 6 pm IST (Monday to Saturday) or click on ‘Click to set up a call’ to buy the policy over the telephone or to fix up an appointment.
WHAT IS THE SUM INSURED AVAILABLE FOR CORONA KAVACH POLICY?
You can avail coverage from Rs. 50,000/- (Fifty Thousand) to Rs 5,00,000 (Five Lacs) under Max Bupa’s Corona Kavach plan, a specific health insurance policy for coronavirus treatment.
The policy can be bought on Individual basis where the sum insured shall apply to each individual family member. In family floater plan, sum insured shall apply to the entire family.
WHAT IS A DIGITAL FIRST POLICY?
You will receive a digital only copy for this product. You will not get a physical copy of the policy issued. The digital copy will have all the policy details.
IS THERE ANY TAX BENEFIT THAT ONE CAN AVAIL WHILE PURCHASING HEALTH INSURANCE?
Yes. You can avail a tax benefit available under Section 80D of the Income Tax Act 1961 by buying a health insurance policy. Every taxpayer can avail an annual deduction of Rs. 15,000 from his/her taxable income for premium for self, spouse and dependent children. For senior citizens, this amount is Rs. 20,000. Please note that you will have to show the proof of payment of premium. (Section 80D benefit is in addition to the exemption of Rs 1,50,000 under Section 80 C). Tax benefits are subject to changes in the tax laws, please consult your tax advisor for more details.
IS A MEDICAL CHECKUP NECESSARY BEFORE BUYING A POLICY?
A medical checkup may be necessary when you sign up for a new health insurance policy. However, medical checkups are not usually needed for renewal of policies. It is in your best interests to undergo a medical check-up at the time of enrollment so that when you need us, we‘re there to provide speedy and efficient support and faster settlement of claims.
WHAT ALL WILL BE INCLUDED IN THE HOSPITALISATION COVER FOR CORONA KAVACH PLAN?
Medical expenses incurred for hospitalisation of the insured person during the Policy period for the treatment of Covid-19 on positive diagnosis of the condition in a government authorized diagnostic centre including the expenses incurred on treatment of any co-morbidity along with the treatment for Covid-19 up to the Sum Insured specified in the policy schedule, for
- a. Room Rent, Boarding, Nursing Expenses as provided by the Hospital/ Nursing Home.
- b. Intensive Care Unit (ICU) / Intensive Cardiac Care Unit (ICCU) expenses.
- c. Surgeon, Anesthetist , Medical Practitioner , Consultants, Specialist Fees whether paid directly to the treating doctor / surgeon or to the hospital
- d. Anesthesia, blood, oxygen, operation theatre charges, surgical appliances, ventilator charges, medicines and drugs, costs towards diagnostics, diagnostic imaging modalities, PPE Kit, gloves, mask and such similar other expenses.
- e. Road Ambulance subject to a maximum of Rs. 2000/- per hospitalisation for the Ambulance services offered by a Hospital or by an Ambulance service provider, provided that the ambulance is availed only in relation to Covid-19 hospitalisation for which Max Bupa has accepted a claim under section.
- f. This also includes the cost of the transportation of the insured person from a hospital to the another Hospital as prescribed by a Medial Practitioner
WHAT IS HOME CARE TREATMENT IN CORONA KAVACH POLICY?
Cover the cost of treatment incurred by the insured person for availing treatment at home for Covid-19 on positive diagnosis of the condition in a Government authorized diagnostic Centre for up to 14 days per incident, which in the normal course would require care and treatment at a hospital but is actually taken while confined at home subject to policy terms and conditions.
WHAT IS THE POLICY PERIOD FOR CORONA KAVACH?
Three and half months (3½ months), Six and half months (6½ months), Nine and half months (9½ months) including waiting periods after which this health insurance policy for coronavirus kicks in.
DOES CORONA KAVACH POLICY COVER PRE-EXISTING DISEASES?
Any co-morbid conditions including pre-existing co-morbid conditions will be covered along with COVID-19 up to Sum Insured under Corona Kavach plan.
WHAT WILL ENTAIL PRE-HOSPITALISATION MEDICAL EXPENSE IN CORONA KAVACH PLAN?
In this specified health insurance policy for coronavirus, pre-hospitalisation medical expenses means medical expenses incurred during the period of 15 days preceding the hospitalisation/home care treatment of the insured person, provided that:
- a. Such medical expenses are incurred for Covid-19 treatment which led to insured person’s hospitalisation/home care treatment
- b. The In-patient hospitalisation/home care treatment claim for such hospitalisation/home care treatment is admissible
WHAT WILL ENTAIL POST-HOSPITALISATION MEDICAL EXPENSE IN CORONA KAVACH PLAN?
Post-hospitalisation medical expenses means medical expenses incurred during the period of 30 days immediately after the insured person is discharged from the hospital/completion of home care treatment provided that:
- a. Such Medical Expenses are for Covid-19 which led to the insured person’s hospitalisation
- b. The inpatient hospitalisation/home care treatment claim for such hospitalisation/home care treatment is admissible
WHAT IS ALL COVERED UNDER AYUSH TREATMENTS IN THE CORONA KAVACH PLAN?
Medical Expenses incurred for inpatient care treatment for Covid-19 under Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy systems of medicines shall be covered up to sum insured during the tenure of this coronavirus health insurance policy period as specified in the policy schedule.
WHAT WILL BE CONSIDERED AN AYUSH HOSPITAL IN THE CORONA KAVACH PLAN?
An AYUSH Hospital is a healthcare facility wherein medical/ surgical/para-surgical treatment procedures and interventions are carried out by AYUSH Medical Practitioner(s) comprising of any of the following :
- a. Central or State Government AYUSH Hospital
- b. Teaching hospital attached to AYUSH College recognized by the Central Government/Central Council of Indian Medicine/Central Council for Homeopathy; or
- c. AYUSH Hospital, standalone or co-located with in-patient healthcare facility of any recognized system of medicine, registered with the local authorities, wherever applicable, and is under the supervision of a qualified registered AYUSH Medical Practitioner and must comply with all the following criterion:
- i. Having at least 5 in-patient beds;
- ii. Having qualified AYUSH Medical Practitioner in charge round the clock;
- iii. Having dedicated AYUSH therapy sections as required and/or has equipped operation theatre where surgical procedures are to be carried out;
- iv. Maintaining daily records of the patients and making them accessible to the insurance company ‘s authorized representative