The IRDA Covid-19 Policy Is Very Profitable In 2021

The IRDA of the Government of India has arranged two insurance policies for the treatment of Covid-19. One is the Corona Kavach and the other is the Corona Rakshak Policy. Covid-19 has reached the stage of Pandemic.

 That is why the tendency to insure oneself to protect oneself from it or require medical treatment has increased. But the common people are confused about which policy to buy for Covid-19. That's why in today's post I will discuss IRDA's Corona Kavach and Corona Rakshak Health Policy to clear up your confusion.

Health Insurance Requirements for Corona:

Before learning about the need for coroner's health insurance, you need to know why you should take out this health insurance. You already know that if a person is infected with corona, he has to stay in quarantine. His RTPCR tests, medicines, Covid kits, nursing home costs, ambulances, ventilators, oxygen, etc. cost a huge amount. And not everyone can afford to spend such a big budget all of a sudden. That is why such health insurance is very useful.

Now let's come to the two policies of Corona Kavach and Corona Rakshak.

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Corona Kavach:

Corona Kavach is a health insurance policy. If this policy is done, you will get indemnity expenses due to Corona. Indemnity means compensation. You will get back the amount of money you have spent as compensation. Whether it is one lakh or two lakh.

Conditions for receiving Corona Kavach:

You must be hospitalized for at least one day to receive compensation for Corona Kavach. Otherwise, you will not get the cost if you claim.

Fifteen days from the day you were admitted to the hospital, you will receive the costs you have already incurred related to Corona. In other words, the benefit of this policy will be available fifteen days before admission to the hospital.

In addition, if you return home only one day after admission, you will get the cost of Covid treatment for fifteen days before admission. In addition, after returning from the hospital, you will be able to claim the cost of Covid for the next thirty days.

If you need to pay for other treatments because of the comorbidity, you will get the full cost if you have Corona Kavach health insurance. There needs to be an idea about co-morbidity here. Covid is a completely new type of viral disease. Research on this is constantly going on. Experiments have shown that for those who are already suffering from diseases like blood sugar, high blood pressure, etc. if they suffer from Covid, their treatment costs increase a lot.

Co-morbidity:

If you are a patient of any disease like high blood pressure, diabetes, cancer, asthma, chronic lung disease, COPD, etc., Covid-19 will make your diseases worse. In this case, you need to treat with Covid as well as ancillary diseases. In that case, you will get your expenses from Corona Kavach Health Insurance Policy.

Insurance Amount:

You can ensure a minimum of Rs 50,000 and its simple multiplier up to a maximum of Rs 5 lakh through Corona Kavach policy. In other words, you have to make a Corona Kavach policy of at least 50 thousand rupees. And you will get medical treatment up to a maximum of Rs 5 lakh from this policy.

And you can do this policy for a period of 3.5, 6.5, and 9.5 months. That means there is a waiting period of fifteen days for each term. This means that you will get these benefits only if you have started the policy fifteen days before the day your Covid was detected.

Suppose you bought a Corona Kavach policy for Covid-19 last week. In other words, after the introduction of your policy, the age of the policy today is seven days. And you were admitted on the eighth day with a fever. And after testing your Covid report came positive. In this case, you will not get a single penny for the treatment of Covid. This is because your policy is not 15 days old.

Age limit:

Any Indian between the ages of 18 and 65 can avail of the benefits of the Corona Kavach Policy. The age range for children is 1 to 20 years.

Cost:

The premium of the Corona Kavach policy will be completed within 500 to 1000 rupees. It will depend on the policy rules of different companies.

Corona Rakshak:

Another policy of IRDA is Corona Rakshak Policy. This policy is also quite effective. Here too you will get this benefit if you are between the ages of 18 to 65. In the case of children, this age limit is 1 to 20 years. However, in the case of this policy, you have to be hospitalized for at least three days. And you will get compensation up to a maximum of two and a half lakh rupees through this policy.

In the case of Corona Rakshak policy also you have to adhere to the waiting period of fifteen days. If you have reached the age of fifteen days of your policy, you will get compensation up to a maximum of Rs 2.5 lac.

If you have general insurance and you can still buy Corona Rakshak or Corona Kavach policy. There is no problem.

Questions and Answers:

What is the age of IRDA's Corona Cavach and Corona Rakshak Policy for Covid-19?

For short-term standard health policy Covid-19, you can buy between the ages of 18 to 65 years.

What is the premium of Corona Kavach policy for a person with diabetes?

No co-morbidity patient is mentioned separately in the IRDA guidelines for any additional premium for diabetes, asthma, lung, and even cancer patients. You will get the benefit of co-morbidity within the same premium in the case of Corona Kavach or Corona Rakshak policy.

Conclusion:

Covid-19 is now changing its form day after day. Even though the vaccine has started, many people are getting infected even after getting the vaccine. The cost of Covid's treatment is so high that it is quite difficult for ordinary people. That’s why the IRDA’s Corona Kavach and Corona Rakshak Health Policy will both play a fairly effective role.