Universal Sompo Corona Rakshak Policy

The Universal Sompo Corona Rakshak Policy is designed to supplement health insurance coverage specific to COVID-19 infection. It is sensible to buy Universal Sompo Corona Rakshak Policy to receive a lump sum payout on a positive diagnosis of the COVID-19 infection, needing at least seventy hours of hospitalization following medical advice. 

Universal Sompo Corona Rakshak Policy: Key Highlights



Policy Tenure

3½, 6 ½, 9 ½ (months)

Coverage Type


Sum Insured

Rs 50,000 to Rs 2,50,000

Waiting period

15 days

Eligibility Criteria

The minimum eligibility criteria to buy this policy are:

Minimum Entry Age

18 years

Maximum Entry Age

65  years

The Number of people covered:

Self only

Residential Status

Indian Citizens and Residents

Coverage Offered

The Universal Sompo Corona Rakshak Policy Health Insurance is a benefit type policy conceived to mitigate the emergent financial distress triggered by the COVID-19 crisis within the IRDAI formulated rules and regulations. The areas of coverage will be mentioned in the Policy Schedule.

The insured is entitled to receive 100% sum insured in a lump sum upon a Government-authorized testing center's positive diagnosis. The insured must compulsorily be hospitalized for a minimum of seventy hours following the medical advice of a qualified Medical Professional as per the norms prescribed by the Government of India's Ministry of Health and Family Welfare.

Inclusions of the Plan

One can buy Universal Sompo Corona Rakshak Policy Health Insurance for the other family members for the benefit only cover delivered by the policy.

A claim for the benefit has to be notified to the Corporate Office using dedicated toll-free number or at their email address. The claim documents need to be submitted to their above-stated office for processing.

Exclusions of the Plan

Since the focus is the COVID-19 crisis, buy Universal Sompo Corona Rakshak Policy Health Insurance only after evaluating if it fits the applicant's specific demands. Thus, knowing what is not covered in the policy becomes essential. The Corona Virus crisis specific policy has framed guidelines for conditions under which the claim cannot be raised to hold the insurer liable to pay. The following should be carefully considered by the insured to help raise a flawless claim.

Waiting Period

The policy's coverage commences only after the expiry of the initial 15 days from the inception date. Claim raised for a positive COVID-19 diagnosis in this period is not considered by the insurer. The liability of the insurer during the waiting period is invoked only for accidental injury.

Other Exclusions

  • The cover is restricted to only CoronaVirus infection and conditions incidental to it.
  • For a valid claim, the diagnostic report for positive Corona infection must have been obtained from a Government authorized testing center.
  • The diagnostic report obtained abroad is not recognized by the policy.
  • The claim becomes admissible only upon seventy-two hours of hospitalization for COVID-19 treatment on genuine medical advice.
  • Hospitalization only for evaluation and investigation is not covered in the policy.
  • The cover in the policy ceases if the insured travel abroad.

Benefits of the Universal Sompo Corona Rakshak Policy

The benefit only Universal Sompo Corona Rakshak Policy terminates upon the sum insured's lump sum payout fulfilling the defined conditions.

  • The customer can choose different blocks from Rs 50,000 to Rs 2.5 Lakh in multiples of Rs 50,000.
  • Policy Term: The policy is offered for short terms of three and a half months, six and a half months, and Nine and a half months.
  • The applicant can opt for Online Universal Sompo Corona Rakshak Policy at the insurer portal or the offline method using the conventional model.
  • The premium paid for the Universal Sompo Corona Rakshak Policy Health Insurance enjoys tax exemption under Section 80D of the Income Tax Act, 1961, up to specified limits.

Cancellation of Policy

The insurer has not specified any scope for cancellation of the policy. However, the policy terminates once the one-time benefit is paid.


Written By: PolicyBazaar - Updated: 15 January 2021
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Latest Health Insurance Articles

Download the Policybazaar app
to manage all your insurance needs.