Future Generali Corona Kavach Policy

Future Generali India Insurance Company provides Corona Kavach Policy, which is an indemnity based affordable medical insurance policy. The policy safeguards the insured person and the entire family against COVID-19 hospitalization expenses. The coverage under Future Generali Corona Kavach policy is provided on both individual and family floater basis. The cost of consumable items required for Coronavirus treatment is included in this health insurance policy. The policy coverage benefits and features are mentioned in detail below:

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Future Generali Corona Kavach Policy

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    Key Features and Benefits of Future Generali Corona Kavach Policy

    Corona Kavach Policy is an indemnity based health insurance product with benefit based add-on cover. The features and benefits of buying this policy are elucidated below:

    • Family Discount- Future Generali Corona Kavach policy provide a 5% discount to families on premium in case more than two family members are insured under the same policy on Individual Sum Insured basis
    • Loading: Loading is not applicable in adverse claim scenarios
    • Tax benefit: Corona Kavach policy premium is eligible for tax deduction under Section 80-D of the Income Tax Act
    • Family Floater Cover- This coronavirus health insurance policy offers coverage to you and your dependents under the same plan
    • Discount to Healthcare Workers- under this policy healthcare workers like doctors, nurses, and medical practitioners are eligible for a 5% discount on the policy premium

    Eligibility Criteria to buy Future Generali Corona Kavach Policy

    Checkout the eligibility criteria to buy Future Generali Corona Kavach Policy:

    Policy Features Eligibility Criteria
    Members Spouse, parents, parents-in-law, children
    Sum Insured Rs 50,000- Rs 5 Lakh
    Minimum and Maximum Entry Age of the Proposer

    Min- 18 years

    Max- 65 years

    Minimum and Maximum Entry Age of a Child

    Min- 1 Day

    Max- 25 years

    Policy Term Three and Half Months (3 ½ months), Six and Half Months (6 ½ months), and Nine and Half Months (9 ½ months),

    Inclusions of Future Generali Corona Kavach Policy

    Future Generali Corona Kavach Policy offers the following coverage benefits to the insured person:

    Hospitalization Cover

    • Nursing, Boarding, Room rent Expenses as provided by the Nursing Home/ Hospital
    • Intensive Cardiac Care Unit (ICCU) and Intensive Care Unit (ICU) expenses
    • Medical Practitioner, Surgeon, Consultants, Anesthetist, and Specialist Fees is paid
    • The treatment cost including oxygen, blood, anaesthesia, surgical appliances, operation theatre charges, medicines, ventilator charges and drugs, are covered
    • It also covers the costs incurred towards diagnostic imaging modalities, diagnostics, masks, PPE Kit, gloves, and similar expenses
    • Road Ambulance charges for COVID hospitalization are also covered up to a limit of Rs 2000 per hospitalization for an admissible claim. The cost of transportation from one Hospital to another is also covered

    Pre and Post hospitalization Cover

    Treatment expenses that were incurred 15 days before hospital admission and 30 days after discharge are also covered under this coronavirus health insurance policy.

    Ayush Treatment Cover

    Ayush treatment expenses for COVID positive patient care treatment are covered in any Govt. registered AYUSH Hospital. It includes Naturopathy, Ayurveda, Yoga, Siddha, Homeopathy and Unani systems of medicines.

    Home Treatment Expense Cover

    Corona Kavach policy also includes the cost of medical expenses incurred during the home treatment if prescribed by the treating doctor and is related to Coronavirus treatment:

    • Cost of medicines as per the prescription
    • Doctor’s consultation charges
    • Diagnostic tests undergone at a diagnostics or home Centre
    • Nursing charges
    • Cost of a Pulse meter, Oxygen cylinder, Oximeter, and Nebulizer
    • Medical procedures limited to parenteral administration of medicines

    Future Generali Corona Kavach Policy Optional Cover

    Future Generali Corona Kavach Policy offers Hospital Cash Benefit Optional Cover to the insured person. The insurer pays 0.5% of the sum insured amount on daily basis for 24 hours of admissible COVID hospitalization as per the policy. The company will pay for every insured person for a maximum of 15 days during a policy term.

    Exclusions of Future Generali Corona Kavach Policy

    The limitations under Future Generali Corona Kavach Policy are given below:

    • Corona Kavach COVID-19 health insurance policy does not cover coronavirus related expenses that were incurred before policy commencement
    • It will also not cover OPD consultation and Day Care procedures that do not require 24-hours of hospitalization
    • Expenses related to Coronavirus treatment that were incurred within 15 days of the policy purchase date
    • Vaccination and Inoculation expenses are also note covered
    • Unproven medical treatment expenses, services, and supplies in connection with any other treatment
    • Any treatment or medical diagnosis outside India
    • Testing done at non-Government authorized Centre
    • Any hospitalization expense related to medical investigation and evaluation

    Future Generali Corona Kavach Policy Premium

    The premium for Future Generali Corona Kavach Policy will vary based on the coverage amount and the policy tenure as give in the tables below:

    Future Generali Corona Kavach Policy Premium Table for 3. 5 months Policy Tenure (Exclusive of GST)

    Sum Insured/ Age Criteria  Rs 50,000 Rs 1 L

    Rs 1.5 L

    Rs 2 L

    Rs 2.5 L

    Rs 3 L

    Rs 3.5 L

    Rs 4 L Rs 4.5 L

    Rs 5 L
    0-39 years 225 263 289 316 410 436 468 491 521 552
    40-59 years 283 395 504 591 753 839 941 1019 1117 1216
    60-65 years 414 673 931 1166 1470 1678 1923 2109 2346 2584

    (Source: Future Generali Insurance Company Limited)

    Future Generali Corona Kavach Policy Premium Table for 6.5 months Policy Tenure (Exclusive of GST)

    Sum Insured/ Age Criteria  Rs 50,000 Rs 1 L

    Rs 1.5 L

    Rs 2 L

    Rs 2.5 L

    Rs 3 L

    Rs 3.5 L

    Rs 4 L Rs 4.5 L

    Rs 5 L
    0-39 years 284 331 364 398 517 550 589 619 657 695
    40-59 years 357 498 636 745 949 1,058 1,187 1,284 1,409 1,533
    60-65 years 522 848 1,173 1,469 1,853 2,115 2,424 2,658 2,957 3,257

    (Source: Future Generali Insurance Company Limited)

    Future Generali Corona Kavach Policy Premium Table for 9.5 months Policy Tenure (Exclusive of GST)

    Sum Insured/ Age Criteria  Rs 50,000 Rs 1 L

    Rs 1.5 L

    Rs 2 L

    Rs 2.5 L

    Rs 3 L

    Rs 3.5 L

    Rs 4 L Rs 4.5 L

    Rs 5 L
    0-39 years 342 400 440 480 624 664 711 747 793 839
    40-59 years 431 601 767 899 1,145 1,277 1,432 1,549 1,700 1,850
    60-65 years 630 1,023 1,416 1,773 2,236 2,552 2,925 3,207 3,568 3,930

    (Source: Future Generali Insurance Company Limited)

    Premium for Add-on Hospital Cash Cover

    The premium for Hospital cash would be calculated on the percentage of indemnity premium for all the policy tenures where:

    Ager Factor Hospi-cash premium
    0-39 years 3% of 0-39 indemnity premium
    40-59 years 5% of 40-59 indemnity premium
    60-65 5% of 40-59 indemnity premium

    Premium Discount on a Family Floater Corona Kavach Policy

    Checkout the family floater discount percentage in Corona Kavach Policy as per below table:

    Age Criteria Rs 50,000 Rs 1 L Rs 1.5 L

    Rs 2 L

    Rs 2.5 L

    Rs 3 L

    Rs 3.5 L

    Rs 4 L Rs 4.5 L

    Rs 5 L
    1+1 7% 7% 7% 7% 7% 7% 6% 6% 6% 6%
    1+2 8% 7% 7% 7% 7% 7% 7% 7% 7% 7%
    1+3 9% 8% 7% 7% 7% 7% 7% 7% 7% 7%
    1+4 10% 9% 8% 7% 7% 7% 7% 7% 7% 7%
    1+5 11% 10% 9% 8% 7% 7% 7% 7% 7% 7%
    1+6 12% 11% 10% 9% 8% 7% 7% 7% 7% 7%
    1+7 13% 12% 11% 10% 9% 8% 8% 8% 8% 8%
    1+8 14% 13% 12% 11% 10% 9% 9% 9% 9% 9%
    1+9 15% 14% 13% 12% 11% 10% 10% 10% 10% 10%

    The formula to calculate premium= (Premium for 1 Member + Premium for 2nd Member + ……. + Premium for Member x) * (1 – Floater discount% applicable)

    Future Generali Corona Kavach Policy Claim Procedure

    You can choose to file either a cashless claim or a reimbursement claim for this Corona Kavach health insurance plan. The claim process is described below-

    Future Generali Corona Kavach Policy Reimbursement Claim

    • You are required to pay for the hospitalization expenses
    • However, you are required to fill and submit the claim reimbursement form within a month of the discharge
    • Moreover, you need to provide all the other medical documents and bills as well
    • The approval and rejection will be based on the policy wordings

    Future Generali Corona Kavach Cashless Health Claim

    • In this process of claim settlement, you need to take the treatment at any of the network hospital
    • At the hospital desk, you need to show your Future Generali health card
    • A properly filled pre-authorization request form is sent by the hospital to you.
    • Once the hospital receives the approval form from Future Generali, the benefit of cashless treatment will be provided to you.
    • The hospital bills will be directly settled by the insurer
    • In case of rejection of a cashless claim, you can continue with the medical treatment but the medical expenses will be paid by you.
    • However, after the discharge, you can file for reimbursement.

    Documents Required for Claim

    The indicative list of documents required is mentioned below:

    • Claimant needs to submit properly filled and signed Future Generali Corona Kavach Claim Form
    • You also need to submit Medical Certificate Form signed, stamped and filled by the treating doctor.
    • Investigation reports
    • Doctor's consultation reports
    • Original hospitalization bills and receipts in original
    • Cash Memos with proper prescription.
    • Original Discharge Card from the hospital

    Future Generali Corona Kavach Policy FAQs

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