Corona Rakshak Coverage – Receives a commission if you catch Covid-19


Well being Insurance coverage firms have just lately launched another corona particular medical health insurance coverage referred to as as Corona Rakshak Coverage” as per the IRDAI pointers.

This can be a profit primarily based medical health insurance plan which pays you a lump sum quantity when you find yourself identified of covid-19 and are hospitalized for steady 72 hrs.

Options of Corona Rakshak Coverage

  1. This coverage could be bought solely on a person foundation.
  2. Sum Insured choices on this coverage vary between Rs 50,000 to Rs 2,50,000.
  3. There isn’t any pre-medical screening vital for this coverage.
  4. This coverage has a ready interval of 15 days.
  5. Adults aged between 18 yrs. to 65 yrs. can take this coverage.
  6. Tax profit on premium paid u/s 80D of Earnings Tax Act,1960.
  7. The coverage can’t be renewed nor it has a free look interval.
  8. Its a single premium coverage and the tenure have three choices of three.5 months (105 days), 6.5 months ( 195 days), and 9.5 months (285 days).

Advantages beneath this Coverage

If the insured individual is identified with COVID +ve and is hospitalized of minimal 72 hours then the corona rakshak coverage pays the total 100% sum assured to the policyholder. Word that it’s not going to settle your payments, however make a single cost it doesn’t matter what are your bills.

To get the declare, it’s a must to give the prognosis report of Covid-19 from a licensed govt heart and the proof of hospitalization for not less than 72 hrs.

The place can I buy this Coverage from?

Whereas IRDAI has directed all firms to launch this plan, in actuality its fairly difficult to search out out the place to purchase this plan. It was reported on social media from many traders that they don’t seem to be in a position to get the web hyperlinks to purchase. However few additionally shared that they had been in a position to purchase it from the offline brokers.

So proper now it’s a bit difficult to purchase this plan.

Ideally following insurance coverage firms ought to give you their on-line hyperlinks for this coverage, as quickly as potential.

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

Premium For Corona Rakshak Coverage

Right here is the indicative premium chart we managed to search out on-line.. however observe that these are nonetheless point out premiums and you’ll get the true numbers whilst you buy the coverage.

a) IFFCO TOKIO Normal Insurance coverage Co. Ltd –

Corona Rakshak Policy premium detaiIs of IFFCO TOKIO General Insurance

b) Star Well being & Allied Insurance coverage Co.Ltd. –

The beneath picture reveals the premium particulars of the “Corona Rakshak Coverage” with all three tenures of the coverage.

Star Health & Allied Insurance Co.Ltd., premium details of corona rakshak policy

Exclusion beneath this coverage

  • If there are any diagnostic bills made which aren’t associated to COVID, then these bills is not going to be coated 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.
  • If an individual is getting testing carried out associated to COVID in diagnostic facilities that aren’t licensed by the federal government then the bills incurred is not going to be coated beneath this coverage.
  • If the insured individual travels to any nation positioned beneath journey restriction by the federal government of India the insured individual is not going to get the profit beneath this coverage if the insured individual checks +ve for COVID-19.

Do you have to take up this coverage?

In case you are too scared in regards to the bills which could happen when you get covid+, then you may certainly go forward and take up this coverage because the premiums should not very massive quantity and anybody can handle it.

Nevertheless do observe that this coverage will solely pay if the hospitalization is there for 72+ hrs. that most people who’re getting corona don’t require hospitalization, which signifies that the possibilities you getting corona together with hospitalization is kind of low.

Additionally that is going to solely provide you with Rs 2.5 lacs, nonetheless the bills could be fairly excessive when you get hospitalized for a 15-20 days in a great hospital. So deal with this coverage as only a small help system and never the substitute of the medical health insurance coverage in itself.


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