Corona Kavach Coverage – Get insured and save excessive medical payments

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The continued COVID-19 pandemic has brought about a whole lot of worry and nervousness in our lives as a result of there are not any vaccines or any treatment out there for this sickness. If anybody will get COVID +ve there are probabilities that there could also be enormous medical payments working into lakhs of Rupees.

In case you don’t have huge medical health insurance, you may go for a particular coverage known as “Corona Kavach Coverage” which received launched just lately out there.

IRDAI has come up with an ordinary COVID targeted fundamental medical health insurance coverage referred to as “Corona Kavach Coverage”, which I will probably be reviewing on this article.

Options of Corona Kavach Coverage

  • This coverage is accessible on a person in addition to a household floater foundation.
  • The minimal and most sum assured provided by the coverage are Rs. 50,000 to Rs. 5,00,000.
  • An individual aged between 18 yr to 65 yrs should purchase this coverage.
  • This coverage will be bought for self, partner, dad and mom, parents-in-law, and dependent youngsters as much as 25 yrs of age.
  • 2 sorts of cowl -Base Cowl on Indemnity Foundation which covers COVID Hospitalization cowl and Non-obligatory Cowl on Profit Foundation which covers Hospital Each day Money.
  • This coverage has a ready interval of 15 days from the acquisition of the coverage.
  • The tenure of the coverage is three ½ months, 6 ½ months, 9 ½ months together with ready interval.
  • Premium Cost Mode is Single.
  • Tax Exemption on the premium paid u/s 80D.

What all is roofed beneath this coverage?

a) Hospitalization Cowl –

If an individual has examined COVID +ve in a authorities approved diagnostic middle then the medical bills and bills incurred on therapy of any comorbidity together with the therapy for COVID as much as the Sum Insured will probably be lined beneath this coverage offered the insured is hospitalized for greater than 24 hrs within the hospital.

Allow us to see what all comes beneath hospitalization cowl –

  1. Room Lease, Nursing Bills, ICU, and ICCU prices will probably be lined.
  2. Surgeon, Anesthetist, Medical Practitioner, Consultants, Specialist Charges whether or not paid on to the treating physician/surgeon or to the hospital will probably be lined beneath the coverage
  3. Bills on anesthesia, blood, oxygen, operation theatre prices, surgical home equipment, ventilator prices, medicines and medicines, prices in direction of diagnostics, diagnostic imaging modalities, PPE Equipment, gloves, masks, and so on.. will probably be lined beneath this coverage.
  4. Ambulance prices as much as Rs 2000 will probably be lined beneath this coverage per insurer provided that the ambulance has been availed in relation to COVID Hospitalization. This additionally contains the price of the transportation of the Insured Individual from one hospital to a different hospital as prescribed by a medical practitioner.

b) Dwelling Care Remedy Bills –

If an individual is examined COVID +ve in a authorities approved diagnostic middle and is getting therapy at house which regular course would require care and therapy at a hospital however is definitely taken at house most as much as 14 days per incident, then house care therapy bills will probably be lined offered beneath the next circumstances –

  • If the medical practitioner has suggested the insured individual to bear therapy at house with a steady lively line of therapy with is being monitored by a medical practitioner for every day by way of the period of the house care therapy.
  • The insured or the member of the family ought to keep a each day monitoring chart which incorporates information of therapy administered and duly signed by the treating physician.
  • Cashless or reimbursement facility shall be provided beneath homecare bills topic to say settlement coverage disclosed.

The bills made associated to the therapy of COVID will probably be lined beneath this coverage. They’re as follows –

  1. Diagnostic exams underwent at house or on the diagnostics facilities.
  2. Medicines prescribed in writing
  3. Session prices of medical practitioners
  4. Nursing prices associated to medical employees
  5. Medical procedures restricted to parenteral administration of medicines
  6. Value of a Pulse oximeter, Oxygen cylinder, and Nebulizer

c) Pre and Submit Hospitalization Medical Bills –

Pre-Hospitalization medical bills of 15 days previous to admission into the hospital and Submit-Hospitalization bills of 30 days after getting discharged from the hospital will probably be lined beneath this coverage.

d) Hospital Each day Money –

Hospital Each day Money profit comes beneath a further cowl if the insured has opted for Non-obligatory Cowl on Profit Foundation. Below this profit, the insured will get 0.5% of the sum insured per day as much as a most of 15 days.

From the place can I buy this coverage?

This medical health insurance coverage will be bought from 30 Common and Well being Insurance coverage Corporations. The listing of those corporations is as follows –

  • Acko Common Insurance coverage Ltd.
  • Aditya Birla Well being Insurance coverage Co. Ltd.
  • Bajaj Allianz Common Insurance coverage Co Ltd
  • Bharti AXA Common Insurance coverage Co. Ltd.
  • Cholamandalam MS Common Insurance coverage Co. Ltd.
  • Edelweiss Common Insurance coverage Co. Ltd.
  • Future Generali India Insurance coverage Co. Ltd.
  • Go Digit Common Insurance coverage Ltd
  • HDFC ERGO Common Insurance coverage Co.Ltd.
  • HDFC ERGO Well being Insurance coverage Restricted
  • ICICI Lombard Common Insurance coverage Firm Ltd
  • IFFCO TOKIO Common Insurance coverage Co. Ltd.
  • Kotak Mahindra Common Insurance coverage Co. Ltd.
  • Liberty Common Insurance coverage Ltd.
  • Magma HDI Common Insurance coverage Co. Ltd.
  • ManipalCigna Well being Insurance coverage Firm Restricted
  • Max Bupa Well being Insurance coverage Co. Ltd
  • Navi Common Insurance coverage Ltd.
  • Nationwide Insurance coverage Co. Ltd.
  • Raheja QBE Common Insurance coverage Co. Ltd.
  • Common Sompo Common Insurance coverage Co. Ltd.
  • Reliance Common Insurance coverage Co.Ltd
  • Religare Well being Insurance coverage Co. Ltd
  • Royal Sundaram Common Insurance coverage Co. Ltd.
  • SBI Common Insurance coverage Co. Ltd.
  • Star Well being & Allied Insurance coverage Co.Ltd.
  • Tata AIG Common Insurance coverage Co. Ltd.
  • The New India Assurance Co. Ltd
  • Oriental Insurance coverage Co. Ltd.
  • United India Insurance coverage Co. Ltd.

Premium for Corona Kavach Coverage

Livemint Analysis has completed an in depth research of Premium for varied corporations. Take a look at the premium desk beneath.

premium details of corona kavach policy

Exclusion beneath this coverage –

  • If there are any diagnostic bills made which aren’t associated to COVID, then that bills is not going to be lined on this coverage.
  • If an individual is examined COVID +ve earlier than the beginning of the coverage, then this individual can not file a declare to the corporate.
  • Bills incurred in daycare therapy and OPD therapy will probably be excluded from this coverage.
  • If a COVID +ve individual is getting therapy exterior India, then the bills incurred within the therapy is not going to be lined beneath this coverage.
  • If any bills incurred on un-proven therapy, procedures, or provides associated to COVID which lacks medical documentation to help its effectiveness is not going to be lined on this coverage.
  • If an individual is getting testing completed associated to COVID in diagnostic facilities that aren’t approved by the federal government then the bills incurred is not going to be lined beneath this coverage.
  • Bills made on dietary dietary supplements and substances that are bought with out prescription is not going to be lined beneath this coverage.

A brief video evaluate of Corona Kavach Coverage –



All options talked about on this coverage are referred from IRDAI notification.

Conclusion –

So this was all that I wished to share on this article in case you have any queries you may put it within the feedback part.

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