Corona Rakshak Policy- Features, Premium Chart- COVID Insurance Policy

The health insurance policy (Corona Rakshak Policy) for the COVID has been launched. The policy has been launched as per the rules and regulations stated by the Insurance Regulatory and Development Authority of India (IRDAI).

Under this policy, the insured person will get 100% of the covered amount if he/she get tested positive for the COVID-19. The ambulance, hospital, medical and other expenses for the treatment is covered under this COVID Insurance Policy. You can check the Features, Premium Chart and other details of the Corona Rakshak Policy has been provided below.

Corona Rakshak Policy- Premium Chart

Policy Term- 3.5 monthsPolicy Term- 6.5 monthsPolicy Term- 9.5 months
Sum Insured (Rs)Estimated Premium (Rs)Sum Insured (Rs)Estimated Premium (Rs)Sum Insured (Rs)Estimated Premium (Rs)
50,000700 onwards50,000900 onwards50,0001,000 onwards
1 Lakh1500 onwards1 Lakh1800 onwards1 Lakh2,000 onwards
1.5 Lakh2300 onwards1.5 Lakh2700 onwards1.5 Lakh3,100 onwards
2 Lakh3000 onwards2 Lakh3600 onwards2 Lakh4,100 onwards
2.5 Lakh3800 Onwards2.5 Lakh4600 onwards2.5 Lakh5,100 onwards

Note: The premium provided under the chart is estimate rates.

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Eligibility Criteria

  • The age of the individuals must be between 18 years and 65 years.
  • Any Indian national can apply for the said policy.
  • Person applying must have the required documents.

Corona Rakshak Policy- Features

  • The policy covers the amount ranges from Rupees Fifty Thousand Rupees to Two Lakh Fifty Thousand Rupees.
  • In case policyholders found Corona positive, then, in that case, 100% sum insured is paid in Lump-sum.
  • There is no requirement for the Pre-medical screening prior to purchasing the policy.
  • The premium paid under the Corona Rakshak Policy will be tax exempt under Section 80D.
  • There is a short waiting period of fifteen days only.
  • There are no deductibles in the said plan.

LIC New Jeevan Anand Policy

Corona Rakshak Policy- Benefit
  • The policy includes all the exorbitant hospitalization bills and all the other expenses related to the treatment of the corona positive individuals.
  • 100% lump-sum pay-out will be provided to the COVID 19 positive individuals.
  • There is a short waiting period of fifteen days only.
  • Individuals can get the policy for the 3.5 months, 6.5 months, and 9.5 months.
  • The policyholder will get the lump-sum amount in spite of the actual hospitalization expenses in the treatment of COVID-19 patients.
Inclusions of Corona Rakshak Policy
  • The agreed sum assured for the policy that must be between Rupees Fifty Thousand Rupees to Two Lakh Fifty Thousand Rupees.
  • All the hospital expenses, including the Room rent, ventilator charges, gloves, mask, and all the other equipment charges, will be included under the policy.
  • ICU/ICCU charges also cover under the policy.
  • Ambulance charges up to Rupees Two thousand are also covered under this.
  • AYUSH treatment for the COVID 19.
  • The person can also claim the 15 days medical charges before hospitalization and the 30 days medical expenses after the hospitalization. It also includes diagnostic charges.

Corona Rakshak Policy- Exclusions

  • Claims filed on the basis of diagnostic information from testing Centres which are not authorized.
  • Any Diagnosis or any treatment which has been taken outside India.
  • Renewals and migration is not allowed
  • The diagnosis which is not concerned with the coronavirus disease

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