Oriental Insurance Corona Rakshak Policy

The Corona-Rakshak Policy is health insurance specialized in covering the costs arising out of the treatment of coronavirus during the COVID-19 pandemic. It provides comprehensive health insurance coverage.

The policy covers the expenses that one may incur to obtain treatment after contracting COVID-19. To reap its benefits, the insured person should get a positive diagnosis of COVID-19 in an Indian Government authorized diagnostic center and get treated at a specialized hospital that has been allotted by the Government for COVID treatment.

The Corona-Rakshak Health Insurance by Oriental Health Insurance is available for an individual only. The complete details of the insured person should be furnished.

Corona Rakshak Policy- Oriental Insurance: Key Highlights

Sum Insured	Rs 50,000 to Rs 2,50,000
Policy Tenure	3.5, 6.5 and 9.5 months
Renewability	Lifelong
Tax Benefits	Available
Deductibles	Not Applicable

Coverage Offered

The Corona Rakshak insurance policy by Oriental Insurance company covers a sum of Rs 50,000 to Rs 2,50,000 on an individual basis.

The lump sum benefit equal to 100% of the sum insured, which is payable when diagnosed positive for COVID-19 and hospitalized for a minimum continuous period of 72 hours, is covered when Corona Rakshak health insurance is purchased.

The basic coverage offered for the plan includes in-patient treatment. It refers to hospitalization where the insured person needs to stay in a government-designated hospital for COVID-19 treatment for a minimum time period of 72 hours consecutively.

The person should be diagnosed positive for COVID-19 in a government authorized diagnostic center.

Inclusions of the Plan

Apart from the above-mentioned health covers offered by the Corona Rakshak Policy-Oriental Insurance health insurance, the plan provides a one-time lump sum benefit that is applicable for the entire tenure of the policy.

It shall terminate once the payment of this benefit is complete.

The insured person needs to stay for a continuous period of 72 hours in a hospital designated for COVID-19 treatment by the Government.

Exclusions of the Plan

The company is not liable to any payments under the Corona-Rakshak Policy-Oriental Insurance in case of any expenses incurred in connection to or in respect of:

Investigation and evaluation
Any other diagnostic expenses not related to or incidental in the current diagnosis and treatment
The policy does not cover any diagnosis unrelated or not incidental to COVID-19.
In case the testing for the diagnosis of COVID-19 is not done at a hospital authorized by the Government, the policy will not be liable to cover the expenses.
If any expense is incurred before the commencement of the policy or during the waiting period, the company will not reimburse the same.
Contracting coronavirus while travelling to any country, which has been placed by the Indian Government under travel restrictions.

Features and Benefits of the Corona Rakshak Policy- Oriental Insurance

The list of the salient features and benefits of the Corona Rakshak Policy-Oriental insurance policy are given below-

There is a waiting period of 15 days from the first policy commencement date.
A 100% lump sum benefit is covered of the sum insured on testing positive for COVID-19.
A minimum of 72 hours of hospitalization in a government-designated hospital for COVID treatment is a necessity.
There are no deductibles in this policy.
A sum insured of Rs 50,000 to Rs 2.5 lakhs, in the multiples of Rs 50,000 is available only on an individual basis.
The term of the policy is three and a half months, six and a half months, and nine and a half months, including the waiting period.

Eligibility Criteria

The minimum eligibility conditions to buy this policy are:

Type	Individual policy
Minimum Entry Age	18 years
Maximum Entry Age	65 years Without any medical examination
Number of People Covered	Individual
Residential Status	Residents of India, including citizens, permanent residents, foreigners holding an employment pass, dependent pass or work permit

Cancellation of the Corona Rakshak Policy- Oriental Insurance

The company is liable to cancel the Corona Rakshak Policy-Oriental Insurance on the following grounds at any time-

Any misinterpretation
Non-disclosure of material facts
If the insured person commits fraud
A 7-days' written notice is given.
If the policy's cancellation occurs due to any of the reasons mentioned above, there will be no refund of the premium.

FAQs

Q. What are the obligations of the insured person?

Ans: Individuals, who buy Corona Rakshak Policy- Oriental Insurance, should disclose all pre-existing diseases or conditions.
Q. What is the time period to claim for this policy?

Ans: The insured person should claim for the cover within 30 days from the date of discharge from the hospital following the positive diagnosis for COVID-19.
Q. How is the payment for the policy?

Ans: The payment is made on a lump sum benefit basis by the company.
Q. Under what conditions is the policy automatically terminated?

Ans: In case the insured person dies or upon payment of an admissible claim and settlement of 100% of the sum insured is done, then the policy will be automatically terminated.
Q. Can the policy be bought online?

Ans: The option of online Corona-Rakshak Policy buying is available and a 5% saving can be availed on it.

Policybazaar exclusive benefits

30 minutes claim support*(In 120+ cities)
Relationship manager For every customer
24*7 claims assistance In 30 mins. guaranteed*
Instant policy issuance No medical tests*

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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.

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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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Oriental Insurance Corona Rakshak Policy