|Sl.No||Particulars||Details of the Plan|
|1.||Plan Variants||COVID 19 Standard Benefit based health policy, Corona Rakshak will have No plan variants.|
|2.||Individual Basis||Corona Rakshak shall be offered on Individual basis only.|
|3.||Category of Cover||The cover shall be made available on Benefit basis with Coverage to be equal to Lump sum benefit of 100% of the Sum Insured shall be payable on positive diagnosis of COVID, requiring hospitalization for a minimum continuous period of 72 hours.|
|4.||Minimum and Maximum Sum Insured||Minimum Sum Insured : ₹50,000/- (Fifty Thousand only)
Maximum Sum Insured : ₹2,50,000(Two lacs and Fifty Thousand only)
(in the multiples of fifty thousand)
|5.||Policy Period||Corona Rakshak policy shall be offered with a policy term of
|6.||Modes of premium payment||Single premium payment mode shall only be allowed.|
|7.||Entry age||Minimum entry age shall be 18 years and maximum age at entry shall not be less than 65 years|
|8.||Benefit Structure / Termination||On payment of 100% of sum insured the policy shall be terminated.|
|9.||Waiting Period||15 days|
|10.||Renewal, migration and portability||Lifelong renewability, migration and portability stipulated under Regulation 13 and 17 of IRDAI (Health Insurance) Regulations, 2016 respectively are not applicable to this product.|
|11.||Pricing||The premium under this product shall be pan India basis and no geographic location / zone based pricing is allowed.|
|12.||Tax Benefits||As per Section 80D, Income Tax Act 1961|
|Corona Kavach||Corona Rakshak|
|Companies selling these plans||General (Non-life) and Standalone Health Insurance companies||Life, General (Non-life) and Standalone Health Insurance companies|
|Product Type||Available on Individual and Family Floater Basis||Available only on Individual Basis|
|Coverage Basis||1. Base Cover on Indemnity Basis- Covid 19 Hospitalization cover
2. Optional Cover on Benefit Basis- Hospital Daily Cash
|Coverage only on Benefit Basis|
|Sum Insured||₹50,000/- (Fifty Thousand) to ₹5,00,000/- (Five Lacs) (in the multiples of fifty thousand)||₹50,000/- (Fifty Thousand) to ₹2,50,000/- (Two Lacs Fifty Thousand) (in the multiples of fifty thousand)|
|Benefit Payable||Actual incurred hospitalization expenses upto sum insured
(eg. If SI is ₹5lacs and actual medical expenses incurred is ₹3 lacs, claim payable is ₹3 lacs)
|100% of sum insured benefit payable on Covid 19 diagnosis irrespective of expenses incurred.
(eg. If SI is ₹2lacs and actual medical expenses incurred is ₹1.5 lacs, claim payable is ₹2 lacs)
|Eligibility of Insured||Adults : Persons between the age of 18 to 65 years can be the insured member under the policy.
Children : Children upto the age of 25 years
Self, spouse, Parents, Parents-in-law and Dependent Children are the family members that can be covered
|Adults : Persons between the age of 18 to 65 years can be the insured member under the policy.|
|Waiting Period||15 days||15 days|
|Policy Period Options||
|Premium payment||Single Premium||Single Premium|
|Benefit Payable||Medical Expenses of Hospitalization related to Covid 19 (upto to the Sum Insured chosen) on diagnosis shall be payable under this plan||Lump sum benefit equal to 100% of the Sum Insured shall be payable on positive diagnosis of COVID-19, requiring hospitalization* for a minimum continuous period of 72 hours.|
|Pre Hospitalization Expenses||15 days|
|Post Hospitalization Expenses||30 days|
|Renewability||Lifetime Renewal||Lifetime Renewal till claim is paid. Once claim is paid, policy terminates|
|Home Care Treatment Expenses||Cost of treatment incurred by the Insured person on availing treatment at home for Covid on positive diagnosis 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.|
|Hospital||For the purpose of this policy any set-up designated by the government as hospital for the treatment of Covid shall also be also considered as hospital.||For the purpose of this policy any set-up designated by the government as hospital for the treatment of Covid shall also be also considered as hospital.|
|Premium||Standardised across India for all geographies||Standardised across India for all geographies.|
|Plans (6.5 months – 195 days)
Premiums in ₹ INR (without GST)
|Corona Kavach||Corona Rakshak|
|Sum Insured / Age of Customer||40 years||65 years||40 years||65 years|
|₹ 50,000||410 - 420||655 – 796||359 - 923||638 – 923|
|₹ 2,50,000||1130 - 1333||1356 – 2679||1795 – 4615||3188 - 4615|
|₹ 5,00,000||1690 – 2,317||2027 - 5193|
|Existing Coverage||Plan Recommended|
|Have an existing Health Insurance Indemnity Plan. All current health plans cover expenses relating to Corona||Corona Rakshak|
|No current Health Insurance coverage at all||Corona Kavach|
|Benefit Claims Process|
|Step 1||In case of hospitalization notify the insurer of your admission in network or non network hospital. After getting admitted and at the time of discharge, settle bills directly to the hospital.|
|Step 2||On discharge, please ensure to collect all relevant documents, invoices, medical reports and discharge certificate from the Hospital in originals.|
|Step 3||Send these documents and the completely filled and signed claim form to the insurer along with your valid ID proof and age proof. The claim form is available on the company website and in your policy document kit as well.|
|Step 4||Post approval the reimbursement will be made subject to admissibility|
You can avail coverage from ₹50,000/- (Fifty Thousand) to ₹2,50,000 (Two Lacs Fifty Thousand) under Rakshak plan, a specific health insurance policy for coronavirus treatment. The policy can be bought on Individual basis only.
An Individual can avail this policy to take care of their treatment expenses arising out of Covid-19 and avoids out of pocket expenses. In the case of existing health insurance policyholders, holding an additional Covid-specific policy would make the coverage more comprehensive. Unlike a basic health insurance policy, a Covid specific policy covers medical treatment incurred during home quarantine and at Covid care centres, even if it does not ultimately lead to hospitalisation. Additionally, the policy covers expenses towards PPE's, masks, gloves, oximeters, oxygen cylinders, nebulisers, AYUSH treatment etc.
This plan will cover the 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
This policy can be availed by persons between the age of 18 Years and 65 Years, as Proposer.
Three and half months (3½ months), Six and half months (6½ months), Nine and half months (9½ months) including waiting periods are the tenure options.
You can proceed with the claim if you test positive with COVID-19 at any of the government authorized diagnostic Centre. Once you receive the report you can inform the insurer and can proceed with the claim.
Yes, you can buy Corona Rakshak health insurance policy online from eindiainsurance .You can select the policy from any of the insurance providers as per your preference, make the payment and receive the policy over e-mail.
Yes, this policy comes with a waiting period of 15 days and you can only file a claim after completion of 15 days.
Yes, Corona Rakshak health insurance policy covers comorbidities and pre-existing comorbidities. This is however subjective to each insurance company, so check the policy wordings before making a decision.
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.