Corona Rakshak Covid Insurance, Buy Universal Sompo Corona Raksha Policy Online

Universal Sompo Corona Rakshak health insurance review

Eligibility
Benefits
Claims
Exclusions

Eligibility of Universal Sompo Corona Rakshak Health Insurance

Minimum entry age shall be 18 years and maximum age at entry shall not be less than 65 years

Benefits of Universal Sompo Corona Rakshak Insurance

Particulars	Details of the Plan
Plan Variants	COVID 19 Standard Benefit based health policy, Corona Rakshak will have No plan variants.
Individual Basis	Corona Rakshak shall be offered on Individual basis only.
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.
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)
Policy Period	Corona Rakshak policy shall be offered with a policy term of Three and half months (3 ½ months) Six and half months (6 ½ months) Nine and half months (9 ½ months)
Modes of premium payment	Single premium payment mode shall only be allowed.
Entry age	Minimum entry age shall be 18 years and maximum age at entry shall not be less than 65 years
Benefit Structure / Termination	On payment of 100% of sum insured the policy shall be terminated.
Waiting Period	15 days
Tax Benefits	As per Section 80D, Income Tax Act 1961

Claims Procedure for Universal Sompo Corona Rakshak Insurance

Any notice, direction or instruction given under this Policy shall be in writing and delivered by hand, post, or facsimile to:

Address: Universal Sompo General Insurance Co. Ltd.
Express IT Park, Plot No. EL-94, T.T.C. Industrial Area, M.I.D.C., Mahape,
Navi Mumbai-400710
Toll Free Numbers: 1800 267 4030
Landline Numbers: (022)- 39635200
E-mail Address: contactus@universalsompo.com

Exclusions under the Universal Sompo Corona Rakshak Insurance

Following is a partial list of the policy exclusions. Please refer to the policy

Admission primarily for investigation & evaluation
Any diagnosis which is not related and not incidental to COVID is not covered in this Policy
Testing done at a Diagnostic center which is not authorized by the Government shall not be recognized under this Policy

FAQs for Universal Sompo Corona Rakshak medical insurance for Covid19

What is the sum insured available for Universal Sompo Corona Rakshak health insurance for Covid19?

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.

What is the need for a separate Covid health insurance policy ?

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.

What all will be included in the hospitalisation cover for Corona Rakshak medical insurance for Coronavirus?

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

Room Rent, Boarding, Nursing Expenses as provided by the Hospital/ Nursing Home.
Intensive Care Unit (ICU) / Intensive Cardiac Care Unit (ICCU) expenses.
Surgeon, Anaesthetist , Medical Practitioner , Consultants, Specialist Fees whether paid directly to the treating doctor / surgeon or to the hospital.
Anaesthesia, 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.

Who is eligible to buy Universal Sompo Corona Rakshak plan?

This policy can be availed by persons between the age of 18 Years and 65 Years, as Proposer.

What is the policy period for Universal Sompo Corona Rakshak?

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.

How to file a claim with Corona Rakshak policy if I am detected with Coronavirus?

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.

Can I buy Corona Rakshak Covid19 health insurance policy online?

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.

Is there any waiting period applicable to Universal Sompo Corona Rakshak Policy?

Yes, this policy comes with a waiting period of 15 days and you can only file a claim after completion of 15 days.

Are comorbid diseases covered by Corona Rakshak health insurance policy?

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.

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.