Kotak General Corona Rakshak health insurance

Kotak General Corona Kavach health insurance review

• Eligibility for Kotak General Corona Rakshak health insurance

  • Individuals between the age group of 18 years and 65 years can buy this policy.

• Benefits for Kotak General Corona Rakshak health insurance

  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 Three and half months (3 ½ months) – 105 days Six and half months (6 ½ months) - 195 days Nine and half months (9 ½ months) - 285 days
  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

• Claims Procedure for Kotak General Corona Rakshak health insurance

  Benefit Claims Process
  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.
  On discharge, please ensure to collect all relevant documents, invoices, medical reports and discharge certificate from the Hospital in originals.
  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.
  Post approval the reimbursement will be made subject to admissibility

• Documents to be submitted for claim

  The claim is to be supported with the following documents and submitted within the prescribed time limit.

  Covid Hospitalisation Cover
  
  • Duly filled and signed Claim Form
  • Copy of photo Identity proof
  • Medical practitioner's prescription advising admission
  • Original bills with itemized break-up
  • Payment receipts
  • Discharge summary including complete medical history of the patient along with other details
  • Investigation reports including your test reports from Authorized diagnostic centre for COVID
  • OT notes or Surgeon's certificate giving details of the operation performed, wherever applicable
  • Sticker/Invoice of the Implants, wherever applicable
  • NEFT Details (to enable direct credit of claim amount into bank account) and cancelled cheque.

• Exclusions under the Kotak General Corona Rakshak health insurance

  There are certain exclusions that apply to claims filed under Corona Rakshak Policy. The insurer is not liable to pay under the following circumstances:
  • If there are any diagnostic expenses made which are not related to COVID, then those expenses will not be covered in this policy.
  • If a person is tested COVID +ve before the start of the policy, then this person cannot file a claim to the company.
  • If a person is getting testing done related to COVID in diagnostic centers that are not authorized by the government then the expenses incurred will not be covered under this policy.
  • If the insured person travels to any country placed under travel restriction by the government of India the insured person will not get the benefit under this policy if the insured person tests +ve for COVID-19.
  • Treatment or Diagnostic Tests received overseas related to Covid 19.

• Corona Rakshak Policy Cancellation

  The insurer may cancel Corona Rakshak policy in case of any misrepresentation, fraudulent act by the insured person, non-disclosure of information, by giving a 7days notice. And if there is any misrepresentation of the information then the premium is not refunded by the health insurance provider.