Corona Rakshak Policy

Corona Rakshak Policy is a standard benefit based single-premium health insurance plan. You will get 100% sum insured in lump-sum if you are tested COVID-19 and require hospitalization of 72 hours or more. You can buy the policy online for a sum insured of up to Rs 2.5 lakh, and avail the best possible COVID-19 treatment.

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      Corona Rakshak Policy at a Glance:

      Features Specifications
      Coverage Rs 50,000- Rs 2.5 lakh
      Sum Insured 100% Lumpsum payment
      Consumable Items PPE Kits, masks, gloves, etc. covered
      Tenure 3.5, 6.5, & 9.5 months
      Premium Rs 700 onwards
      Waiting Period 15 days
      Age Criteria 18-65 years

      The policy was launched by the Insurance Regulatory and Development Authority of India (IRDAI) to ensure that you and your loved ones have COVID insurance cover and can seek treatment without worrying about the expenses. While Corona Kavach Policy also provides a sum insured up to Rs 5 lakh and covers the cost of consumable items like PPE kits, masks, gloves, etc.

      Corona Rakshak Policy Premium Chart

      The premium for Corona Rakshak policy may vary from one insure to another, however the features of the policy are standard across the industry. Check out the policy premium chart table as given below:

      Estimated Corona Rakshak Policy Premium
      Policy Term- 3.5 months Policy Term- 6.5 months Policy Term- 9.5 months
      Sum Insured ( Rs) Estimated Premium ( Rs) Sum Insured ( Rs) Estimated Premium ( Rs) Sum Insured ( Rs) Estimated Premium ( Rs)
      50,000 700 onwards 50,000 900 onwards 50,000 1,000 onwards
      1 Lakh 1500 onwards 1 Lakh 1800 onwards 1 Lakh 2,000 onwards
      1.5 Lakh 2300 onwards 1.5 Lakh 2700 onwards 1.5 Lakh 3,100 onwards
      2 Lakh 3000 onwards 2 Lakh 3600 onwards 2 Lakh 4,100 onwards
      2.5 Lakh 3800 Onwards 2.5 Lakh 4600 onwards 2.5 Lakh 5,100 onwards

      (The above table is for reference purpose only, please check policy wordings for premium before making the purchase)

      Features of Corona Rakshak Policy

      Corona Rakshak health insurance is designed with a specific set of features to ensure that everyone can buy this policy in a hassle-free manner. The features and coverage benefits under Corona Rakshak policy shall remain the same across all the insurers. Some of the unique features of this policy are given below:

      • The coverage amount ranges from Rs. 50,000 to Rs 2.5 Lakh ( in the multiples of Rs 50,000)
      • 100% sum insured is paid in Lump-sum on a positive diagnosis of COVID by a Government-authorized Centre
      • Pre-medical screening is not mandatory before purchasing this policy
      • There is a short waiting period of 15 days only
      • The coverage is provided on an individual basis
      • Premium paid is eligible for tax exemption under Section 80D
      • Corona Rakshak health plan does not have any deductibles

      Corona Rakshak Policy Premium Comparison Chart

      Corona Rakshak is being offered by all General & Standalone health insurance companies in India. Below is the mentioned Corona Rakshak Premium Chart:

      Corona Rakshak Health Insurers Coverage Type Product Type Payment Sum Insured (in Rs) Age Criteria ( in year) Premium (Rs)
      Aditya Birla Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years N/A
      Bajaj Allianz Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years Rs 157-Rs 4273
      Bharti AXA Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years N/A
      Chola MS Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years N/A
      Digit Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years Rs 700- Rs 1500
      Edelweiss Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years Rs 102- Rs 1338
      Future Generali Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years Rs 244-Rs 2189
      IFFCO Tokio Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years Rs 157 -Rs 4273
      Liberty Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years N/A
      Manipal Cigna Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years Rs 412- Rs 6529
      New India Assurance Corona Rakshak Policy N/A N/A N/A N/A N/A N/A
      Niva Bupa (Formerly known as Max Bupa) Corona Rakshak Policy N/A N/A N/A N/A N/A N/A
      Oriental Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years N/A
      Raheja QBE Corona Rakshak Policy N/A N/A N/A N/A N/A N/A
      Reliance Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years N/A
      Star Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years Rs 769- Rs  5192
      SBI Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years Rs 445- Rs 7102
      Tata AIG Corona Rakshak Policy N/A N/A N/A N/A N/A N/A
      United India Corona Rakshak Policy N/A N/A N/A N/A N/A N/A
      Universal Sompo Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years N/A
      Zurich Kotak (formerly known as Kotak Mahindra) Corona Rakshak Policy Individual Benefit Based Lumpsum Rs 50,000- Rs 2.5 lakh 18-65 years N/A
      View More Plans

      *Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in.

      Benefits of Corona Rakshak Policy

      Corona Rakshak health insurance plan comes loaded with COVID-19 specific coverage benefits. Below are some of the unique benefits that the insured can avail with this policy:

      • COVID Coverage- One of the major benefits is that is it saves your from exorbitant hospitalization bills that are a matter of concern for many COVID-19 affected patients
      • 100% Payout- The policyholder receives a 100% lump-sum payout upon a positive diagnosis of Coronavirus
      • Eligibility Criteria- Individuals between the age group of 18 years and 65 years can buy this policy
      • Lump sum Payment- One of the major benefits is that the insurer pays a lump-sum amount irrespective of the actual hospitalization expenses incurred on the COVID-19 treatment
      • Standard Coverage Benefits- The policy benefits are standard throughout all the insurers
      • Waiting Period- Only 15 days
      • Policy Tenure- Flexible policy term of 3.5 months, 6.5 months and 9.5 months

      Inclusions of Corona Rakshak Policy

      Inclusions of Corona Rakshak Policy are specific to Coronavirus treatment. Once the policyholder is diagnosed as COVID-19 positive from a government registered diagnostic Centre, he/she will get a lump sum payment during the policy term from the health insurance company. Check-out below the inclusions offered under the Corona Rakshak policy:

      • Sum Insured : Rs 50,000, Rs.1 Lakh, Rs 1.5 Lakh, Rs 2 Lakh and Rs 2.5 Lakh
      • Hospitalization Expenses : The policy covers nursing charges, boarding charges, room rent, cost of masks, PPE kit, oxygen, gloves, ventilator charges, and diagnostic tests are covered this indemnity based plan
      • ICU Cover : The policy coverage amount also includes the cost of ICU/ICCU
      • Ambulance Cover : Road ambulance charges are also compensated up to a limit of Rs 2,000
      • Home Treatment Cover : If the patient required home care treatment of up to 14 days then the insurer will pay for same.
      • AYUSH Cover : The plan also covers AYUSH treatment prescribed for COVID-19
      • Pre and Post Hospitalization Cover : The policy also covers medical expenses incurred before 15 days of hospitalization and post 30 days of getting discharged, including diagnostic charges. Corona Rakshak policy also includes an optional cover benefit, under which the insured person can get 0.5% of the sum insured on a daily basis for a maximum of 15 days of hospitalization.

      Exclusions of Corona Rakshak Policy

      There are certain exclusions that apply to claims filed under Corona Rakshak Policy. The insurer is not liable to pay under the following circumstances:

      • Claims filed based on diagnostic reports from unauthorized testing Centres
      • Diagnostic tests or treatment taken overseas
      • Renewals and migration is not possible in this policy
      • Travel history traced to any of the restricted countries
      • Any diagnosis that is not related to COVID-19

      Why Should You Buy Corona Rakshak Policy?

      It is imperative to buy Corona Rakshak Policy as there is no specific vaccine or treatment available for COVID-19 yet. Coronavirus infected patients are been treated in hospitals and the treatment expense are quite high. And if you have a comprehensive health insurance policy you can save yourself from the unforeseen financial burden.

      If you do not have health insurance cover you can buy a Corona Rakshak Policy that will cover the treatment costs for this deadly virus. The insurance benefits start soon after the diagnosis once a waiting period of 15 days is completed. And if you get hospitalized for a minimum 72 hours or more the insurance will pay you in a lump sum and you can use that money to meet the hospitalization cost.

      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.

      FAQs

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      Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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      *We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30- minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881.

      *Product information is authentic and solely based on the information received from the Insurer. Policybazaar is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer. Policybazaar does not provide any medical or surgical advice or diagnosis and is not responsible for your interactions / treatment by a medical practitioner/hospital. Please consult a registered medical practitioner for any medical or surgical advice. The Information that you obtain or receive from Policybazaar, and its employees, or otherwise on the Website is for informational purposes only. As per the Insurance guidelines, you are allowed to cancel the policy with-in 30 days from the date of Issuance of policy.This option is available incase of policies with a term of one year or more.

      *All the health insurance plans cover hospitalization expenses including COVID-19 treatment cover up to the specified limits. You can also buy specific COVID-19 health insurance policies such as Corona Kavach Policy and Corona Rakshak policy.

      **All savings and online discounts are provided by insurers as per IRDAI approved insurance plans. #Tax Benefits are subject to changes in tax laws. GST Exemptions depend on fulfilment of qualification criteria and submission of relevant documents.

      *₹1748/month is the starting price for a 1 crore health insurance for an 18-year-old male, with no pre-existing diseases. Discount on renewal premium is subject to the number of wellness points earned in the health insurance policy. For more details about the plans, please read the sale brochure carefully to get upto 100% discount on renewal premium.

      *₹400/month is the starting price for ₹ 5 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹541/month is the starting price for ₹ 10 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹762/month is the starting price for ₹ 1 Crore Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹243/month(₹ 8/day) is the starting price for a 5 lakh health insurance for a 20-year-old male, non-smoker, living in Bengaluru with no pre-existing diseases

      *₹2020/month is the starting price for ₹ 1 Cr Health insurance for a 50 year old male & 50 years old female, living in Bangalore with no pre-existing diseases rounded off to nearest 10.

      *₹390/month (₹13 per day) is starting price for 1 cr. Health insurance for 25 years old male, with pre-existing diseases, residing from tier 1 city rounded off to the nearest 10.

      *No medical tests are required unless requested by the insurer’s underwriter. In-case of pre-existing diseases relevant medical proof would be required as per the terms and condition of the policy opted.

      *The values taken for effective cost calculation are indicative values and may change as per the selected plan.

      *Coverage upto double the amount of Sum Insured is available on certain covers for a minimum plan of Rs. 5 Lakh on the first claim only to an individual of upto 45 years of age with no pre-existing diseases. The benefit is available with or without extra cost depending on the plan chosen.

      *Coverage of pre-existing diseases is provided by insurer as per their underwriting policy.

      *The scope of coverage may vary from plan to plan.

      ~Source: Google Review Rating available on:- http://bit.ly/3J20bXZ

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      Tax Benefits are subject to changes in tax laws. GST Exemption depends on fulfilment of qualification criteria and submission of relevant documents as required by the insurers. For more details on risk factors, terms and conditions, please read the sales brochure and applicable rules and regulation carefully before concluding a sale.

      STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

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