As Covid–19 cases continue to increase in India, it is important for you and your family to have a health insurance plan specific to Covid–19 more than ever. Keeping this urgent need in mind, the IRDAI has mandated insurers to launch Corona Kavach policy to cover the cost of Covid–19 related treatment. If you are looking for a health insurance policy to protect you and your family against hospitalisation expenses due to COVID–19, Corona Kavach is an ideal policy. Over here we discuss some important facts about Corona Kavach policy –
Things to Know about Corona Kavach
What is Carona Kavach policy and what does the policy cover?
As there is little known about COVID–19 treatment, in some cases it may require intense medical attention while in some cases home quarantine is enough. In cases where high–end treatment and hospitalisation is needed, medical expenses can go through the roof. Our Corona Kavach policy protects you and your family against the financial costs related to COVID–19 treatment. It covers hospitalisation expenses, including room rent, doctor fees, nursing expenses, operation theatre and ICU charges along with the medicines consumed during the hospital stay. Road ambulance costs are also covered.
Who can be insured under this policy?
While gathering facts about Corona Kavach you should be aware of the eligibility criteria under this policy. Anyone who is between the age of 18 years to 65 can be insured under the Corona Kavach policy. Under this policy, you can get your spouse, parents and parents–in–law, dependent children (up to 25 years) added.
Is there any waiting period?
One of the most significant things to know about Corona Kavach is its waiting period. Like all health insurance plans, this policy too, comes with a waiting period. However, unlike most general health insurance plans which come with waiting periods lasting from three to six months, this plan comes with a relatively shorter waiting period of only 15 days.
Does it cover medical expenses during quarantine?
Patients with mild symptoms are advised to stay at home and quarantine themselves to restrict the spread of the infection. Home care expenses related to COVID–19 are covered under the Corona Kavach policy. Yet another fact about Corona Kavach is that In-patient expenses related to COVID–19 treatment taken under AYUSH systems of medicines are also covered in the policy.
What are the riders available?
If you opt for hospital daily cash, you will be given a certain amount per day for every day of hospitalisation. The amount shall be payable for a maximum period of up to 15 days. It is up to the policyholder’s discretion as to how to spend the daily cash. A critical thing to know about Corona Kavach Policy is that the daily allowance can be used for both, medical and non–medical expenses.
Disclaimer: The above information is indicative in nature. For more details on the risk factor, terms and conditions, please refer to the Sales Brochure and Policy Wordings carefully before concluding a sale.