|Sl.No||Particulars||Details of the Plan|
|1.||Plan Variants||COVID 19 Standard Benefit based health policy, Corona Rakshak will have No plan variants.|
|2.||Individual Basis||Corona Rakshak shall be offered on Individual basis only.|
|3.||Category of Cover||The cover shall be made available on Benefit basis with Coverage to be equal to Lump sum benefit of 100% of the Sum Insured shall be payable on positive diagnosis of COVID, requiring hospitalization for a minimum continuous period of 72 hours.|
|4.||Minimum and Maximum Sum Insured||Minimum Sum Insured : ₹50,000/- (Fifty Thousand only)
Maximum Sum Insured : ₹2,50,000(Two lacs and Fifty Thousand only)
(in the multiples of fifty thousand)
|5.||Policy Period||Corona Rakshak policy shall be offered with a policy term of
|6.||Modes of premium payment||Single premium payment mode shall only be allowed.|
|7.||Entry age||Minimum entry age shall be 18 years and maximum age at entry shall not be less than 65 years|
|8.||Benefit Structure / Termination||On payment of 100% of sum insured the policy shall be terminated.|
|9.||Waiting Period||15 days|
|10.||Renewal, migration and portability||Lifelong renewability, migration and portability stipulated under Regulation 13 and 17 of IRDAI (Health Insurance) Regulations, 2016 respectively are not applicable to this product.|
|11.||Pricing||The premium under this product shall be pan India basis and no geographic location / zone based pricing is allowed.|
|12.||Tax Benefits||As per Section 80D, Income Tax Act 1961|
|Benefit Claims Process|
|Step 1||In case of hospitalization notify the insurer of your admission in network or non network hospital. After getting admitted and at the time of discharge, settle bills directly to the hospital.|
|Step 2||On discharge, please ensure to collect all relevant documents, invoices, medical reports and discharge certificate from the Hospital in originals.|
|Step 3||Send these documents and the completely filled and signed claim form to the insurer along with your valid ID proof and age proof. The claim form is available on the company website and in your policy document kit as well.|
|Step 4||Post approval the reimbursement will be made subject to admissibility|
Lump sum benefit equal to 100% of the Sum Insured shall be payable on positive diagnosis of COVID, requiring hospitalization for a minimum continuous period of 72 hours. The positive diagnosis of COVID shall be from a government authorized diagnostic centre.
Three and half months (3 ½ months), six and half months (6 ½ months) and nine and half months (9 ½ months) i.e, 105 days, 195 days and 285 days respectively
The Company shall not be liable for any claim arising for COVID within 15 days from the first policy commencement date.
Policy can be availed by persons between the age of 18 years up to 65 years.
This plan will cover the medical expenses incurred for hospitalisation of the insured person during the Policy period for the treatment of Covid-19 on positive diagnosis of the condition in a government authorized diagnostic centre including the expenses incurred on treatment of any co-morbidity along with the treatment for Covid-19 up to the Sum Insured specified in the policy schedule, for
The Company may cancel the Policy at any time on grounds of mis-represenation, nondisclosure of material facts, fraud by the Insured Person, by giving 7 days’ written notice. There would be no refund of premium on cancellation on grounds of mis-represenation, non-disclosure of material facts or fraud.