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Have You Considered Taking Corona Kavach Policy July 27 2020Health Insurance

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The 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 Insurance?

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 infection.

Features of Corona Kavach Health Insurance

·         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 hospital.

·         The policy can be availed by persons between the age of 18-65 years and children between 1-25 years.

Comparison of Corona Kavach Insurance Premium

·         Bajaj Allianz

Source: TimesNow News

 

·         Star Health

Source: TimesNow News

 

·         Oriental Insurance

Source: TimesNow News

 

·         National Insurance

Source: TimesNow News

The 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. 

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