Corona Rakshak Policy is a standard benefit-based COVID health policy introduced by IRDAI and made available by SBI General Insurance Co. Ltd. The policy helps you deal with the current pandemic by covering the cost of coronavirus treatment. You get a lump sum amount equal to 100% of the Sum Insured on being diagnosed as COVID positive. The payout is done when the policyholder is hospitalized for 72 hours or more. And the COVID diagnosis should be from a government-authorized diagnostic Centre.
My name is
My number is
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
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
Here are more details about the SBI Health Insurance Corona Rakshak policy that you would want to know:
The eligibility criteria to buy the SBI Corona Rakshak policy are given below:
Criteria |
Specifications |
Minimum Coverage |
Rs. 50,000 |
Maximum Coverage |
Rs. 2,50,000 |
Minimum Entry Age |
18 years |
Maximum Entry Age |
65 years |
Hospitalization |
Min. 72 hours |
Waiting Period |
15 Days |
Mode of Premium |
Single Premium Payment |
Tax Exemption |
u/s 80D |
Premium |
Rs 445- Rs 8,381 |
Check out the key benefits of the SBI Corona Rakshak policy below:
Once the insured gets a COVID-19 positive report from a Government Authorized Centre you can file a claim for the following expenses:
The fixed benefit payout can also be used for incidental expenses.
Now coming to what’s excluded from your health insurance -
Corona Rakshak policy is to benefit you and your loved ones to avail the treatment for coronavirus in a reputed hospital within India. The sum insured can be Rs 50,000 and goes up to Rs 2.5 lakh. The best part is that this plan helps you meet the oxygen cylinder bills, ventilator charges, PPE kits, masks, gloves and, oximeters used during the COVID treatment in a hospital or at home.
The premium ranges from Rs 445 to Rs 8,381 and varies as per the tenure i.e. 3.5 months, 6.5 months, and 9.5 months and also the sum insured amount i.e. Rs 50,000 to Rs 2.5 lakh. The number of members insured on an individual basis also determines the final premium rate.
Yes, you can get your whole family insured under the SBI Corona Rakshak policy on an individual basis. It means that everyone will have a separate sum insured and separate premiums.
Yes, you can buy the SBI Corona Rakshak plan up to the age of 65 years.
The cost of oxygen cylinders is covered under the SBI Corona Rakshak policy. As the health insurance amount is paid in Lumpsum, you can use that money for any COVID-related or incidental expenses.