Coronavirus pandemic has affected the lives of millions across the globe. The
number of patients suffering from the virus isincreasing day by day. As of now, there are no specific vaccines or
treatments available for the disease. Besides, the cost of treatment for an
infected person in the hospital is very high. Since anyone can contract the
Coronavirus disease, it is advisable to take Corona Kavach health insurance
policy for COVID-19 to avoid the excess financial
burden and to take care of hospitalization expenses.
What is Corona Kavach Health
The Insurance Regulatory and
Development Authority of India (IRDAI) has
allowed health and general insurance companies to offer an insurance product
called Corona Kavach. By taking the Corona Kavach health insurance policy you
can protect yourself and your family members from the treatment cost
of Coronavirus. The coverage of the
policy shall start from the day you get diagnosed with the Coronavirus
Features of Corona Kavach
This policy can be taken on an
individual or floater basis.
The sum assured varies
depending on the amount of policy taken by you. However, the minimum sum assured must be Rs. 50,000 and maximum is Rs. 5 lakh.
Corona Kavach offers three
policy tenures - 105, 195 and 285 days or 3.5,
6.5 and 9.5 months, respectively.
The sum assured or base
coverage applies when there is hospitalization for a minimum of 24 hours. The claim of the sum assured
shall be paid by the insurer irrespective of the period of stay at the
The policy can be availed by
persons between the age of 18-65 years
and children between 1-25 years.
Comparison of Corona Kavach
above statistics reflect that taking Corona Kavach health policy is the need of
the hour to protect yourself from the unexpected expenses due to Coronavirus.
If you are interested in knowing more about the Corona Kavach health policy,
you may get in touch with Indira Securities. We would be glad to assist you
explain its benefits in detail.