IRDAI Issues Guidelines for Corona Kavach Policy to Insurers: July 10, 2020

Amid the growing impact of the global pandemic COVID 19, the Indian Regulatory and Development Authority of India has issued guidelines to all the general and health insurance companies in India to provide individual COVID Standard Health Insurance Policy to people. As per the guidelines 'Corona Kavach Policy' & 'Corona Rakshak Policy' need to be issued on or before 10 July 2020. The product is designed to ensure:

Read More

Get ₹5 Lac Health Insurance starts @ ₹200/month*
Tax Benefitup to Rs.75,000
Save up to 12.5%* on 2 Year Payment Plans
7 Lakh+ Happy Customers

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Get insured from the comfort of your home No medicals required
I am a

My name is

My number is

By clicking on ‘View Plans’ you, agreed to our Privacy Policy and Terms of use
I am a

My name is

My number is

Select Age

City Living in

    Popular Cities

    Do you have an existing illness or medical history?

    This helps us find plans that cover your condition and avoid claim rejection

    Get updates on WhatsApp

    What is your existing illness?

    Select all that apply

    When did you recover from Covid-19?

    Some plans are available only after a certain time

    • A Coronavirus specific product that covers basic health insurance needs related to COVID treatment
    • A standard medical insurance product with common policy wordings across the health insurance industry
    • A policy with no deductibles


    • The base product shall be offered on Indemnity Basis and the optional cover should be on the Benefit basis
    • The Standard COVID-19 Insurance policy prices need to be determined keeping in mind the IRDAI health regulations 2016
    • The policy term under the COVID specific product shall be – 3.5 months, 6.5 months, and 9.5 months including the waiting period
    • This is a mandatory product for all the General and Health Insurers
    • 5% discount in premium to be provided to health care workers.

    Features and Benefits of Standard COVID-19 Health Insurance Plans

    Features Benefits
    Coverage Policy to offer coverage on family floater basis as well
    Category of Cover

    Base Cover: Indemnity Basis

    Optional Cover: Benefit Basis

    Policy Period 3.5 months, 6.5 months, and 9.5 months including the waiting period
    Minimum and Maximum Sum Insured

    Minimum Sum Insured: Rs 50,000

    Maximum: Rs 5 Lakh

    Modes of premium payment Single
    Entry age

    Minimum entry age: 18 years

    Maximum entry age: 65 years

    Dependent Child / children: Day 1 to 25 years

    Pricing The premium should be on PAN India basis with no zone-based or geographic location-based pricing
    Renewability Lifetime renewal

    You may like to Read: Best Health Insurance Plans in India

    Basic Coverage under COVID Standard Health Insurance Policy

    1. Hospitalization Expenses (minimum 24 hours of admission)

    The policy shall pay for the hospitalization expenses incurred by the policyholder for COVID treatment in a government authorized diagnostic centre. It includes the following medical expenses

    • Nursing expenses, hospital room rent, and boarding charges
    • Cost of blood, Anaesthesia, oxygen, surgical appliances, operation theatre, ventilator charges, drugs, medicine, diagnostic tests, PPE Kit, mask, gloves, and the likewise
    • It shall also cover the fees charged by the Doctor, Surgeon, Anesthetist, Consultants, Specialist Fees (including telemedicine consultations as per Telemedicine Practice Guideline of March 25, 2020)
    • Intensive Cardiac Care Unit (ICCU) and Intensive Care Unit (ICU) expenses
    • Road Ambulance charges up to Rs 2000 per hospitalization

    2. Home Care Treatment Expenses

    The insurance provider shall cover the cost of COVID treatment at home up to 14 days provided:

    • The insured person has been advised to take treatment at home
    • Monitoring of health is required during home treatment
    • Daily monitoring chart to be maintained and is signed by the doctor
    • Cashless and reimbursement facility as per the claim settlement policy followed by the insurer
    • Reimbursement claim requests to be approved within 2-hours by the insurer
    You may like to Read: Arogya Sanjeevani Health Insurance

    3. Pre and Post Hospitalization

    The policy shall cover pre-hospitalization expenses incurred 15days before the date of hospitalization/home treatment including the cost of diagnosis as per the admissible claim. It shall also cover 30 days of post-hospitalization expenses.

    4. Ayush Treatment

    Ayush hospitalization expenses (as per the IRDAI Health Insurance Regulations, 2016) systems of medicine for the treatment of COVID on Positive diagnosis of COVID in a government authorized diagnostic centre shall be covered up to the Sum Insured without any sub-limits.

    5. Optional Cover

    The insurer shall pay 0.5% of the sum insured amount on daily basis for hospitalization required for 24 hours for treatment of COVID up to a maximum of 15 days during the policy term.

    Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

    Health insurance articles

    Recent Articles
    Popular Articles
    Does Health Insurance Cover Brain Tumour?

    17 May 2022

    The brain is one of the most important organs in your body. It is...
    Read more
    12 Tips to Avoid Common Health Problems During Summers

    12 May 2022

    India experiences a hot and dry summer season that lasts for up to...
    Read more
    Does Medical Insurance Cover Hearing Aids?

    12 May 2022

    The number of people who require hearing aids continues to grow...
    Read more
    Are Accidental Injuries Covered by Health Insurance in India?

    12 May 2022

    Accidents are unpredictable. Getting injured in an accident not...
    Read more
    6 Most Effective Ways to Prevent Viral Fever

    12 May 2022

    A change in weather can bring respite from the scorching summer...
    Read more
    PMJAY Scheme: Ayushman Bharat Yojana Eligibility & Registration Online
    Prime Minister Shri Narendra Modi announced the launch of (PMJAY) Ayushman Bharat Yojana in his Independence...
    Read more
    Best Health Insurance Plans in India 2022
    Finding the best health insurance plan from so many different health insurance companies can get confusing for many...
    Read more
    Best Maternity Insurance Plans
    Maternity insurance offers comprehensive coverage for medical expenses incurred during pregnancy, including the cost...
    Read more
    Best Health Insurance Plans for Senior Citizens in 2022
    Considering the increase in medical inflation in India, buying adequate health insurance for your loved ones has...
    Read more
    10 Major Benefits of Ayushman Bharat Yojana
    Pradhan Mantri Jan Arogya Yojana (PM-JAY) is the second component under Ayushman Bharat Scheme. PM Narendra Modi...
    Read more
    Download the Policybazaar app
    to manage all your insurance needs.