I'm pleasantly surprised to find that the Corona Kavach health insurance product is an effective one and something which is the need of the hour. A quick breakdown of the key features below
Who will find this useful?
If you have a corporate or personal insurance plan with a high coverage amount
(roughly Rs 8.00 lakhs) then you don't need this product.
Who will be covered under this policy?
New born babies to parents (and in-laws)
The main applicant – proposer has to be aged between 18 - 65 years
It can be taken as an individual policy or a family floater (covering the whole family)
How much coverage (sum insured)?
Rs 50,000/- to Rs 5.00 Lakh
How long is the coverage for (policy tenor)?
3 ½ months, 6 ½ months, 9 ½ months including waiting period of 15 days
How much will it cost?
Typical family where the ages of Husband – 40 years, Wife 35 years, Children 10 and 5 years
Availing highest coverage - Rs 5.00 lakhs and highest tenure 9 ½ months
Premium is Rs 6,787
What are the benefits?
Hospitalisation expenses (person to be admitted for a minimum period of 24 consecutive hours)
Pre-hospitalisation expenses for 15 days prior
Post-hospitalisation expenses for 30 days after
Will home care treatment expenses be covered?
Yes, if there is positive diagnosis of COVID in a government authorized diagnostic center, maximum up to 14 days per incident
Will alternate treatment like Ayurveda be covered?
Yes, medical expenses incurred for inpatient care treatment for COVID under Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy systems of medicines
Is there a medical check-up?
No medical tests are required for this policy (irrespective of sum insured / age)
Ensure all health related questions are answered truthfully to avoid claim rejection
To summarise, this is a useful product for someone who doesn't have health insurance or wants to boost their existing health insurance. The age limit of 65 years and that the applicants should not have any pre-existing diseases limits the reach of the product. The positives are it is easy on the pocket, available for short tenures and no requirement for medical check-up which limits your contact with others.
If you have any queries, please reach out to me at mathewpravin@yahoo.com or +91 9900335853.
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