Corona Kavach Policy

Corona Kavach Policy offers financial protection to the insured in case he/she is diagnosed COVID-19 positive. It comes with a short waiting period, and offers coverage for in-patient hospitalisation expenses, pre-hospitalisation and post-hospitalisation expenses, ambulance expenses, etc.

5 Lac coverage starting from only ₹257/Month*
  • Tax Benefit
    Up to 75000**
  • Claim Support
    Everyday 10AM-7PM
  • 14 Lac+
    Happy Customers

*Standard Terms and Conditions Apply.

**Tax benefits are subject to changes in Income Tax Act.

What is a Corona Kavach Policy?

Corona Kavach Policy is an affordable standard health insurance policy designed to offer protection against medical expenses arising due to pandemic declared coronavirus (COVID-19). Launched by the Insurance Regulatory and Development Authority of India (IRDAI) on July 12th, 2020, the policy is offered by both general and health insurers.

It is an indemnity-based short-term policy that offers protection to both individuals and families. Apart from hospitalization expenses, the policy aims to cover the insured for homecare treatment, AYUSH treatment, pre-hospitalization and post-hospitalization expenses, etc. The policy promises wide coverage and prompt and quality medical treatment to the insured.

Why Do You Need a Corona Kavach Health Insurance Policy ?

COVID-19 disease has affected our lives drastically within a year and pushed our limits in the worst ways possible be it physically, mentally or financially. However, it has made one thing certain that one cannot ignore their health at any point in life. Purchasing a health insurance plan is one way by which we can protect our loved ones financially in time of need. Some of the reasons why buying a Corona Kavach Health Insurance Policy is a good idea are explained as follows:

  • Minimum Waiting Period: One of the main advantages of buying a Corona Kavach policy is that it is available with a minimum waiting period of 15 days.
  • Secures Individuals Without Medicare: For the individuals who currently do not have a health insurance plan, buying a COVID-19 specific health plan is an excellent idea, after considering the benefits offered under it at an affordable premium and with a shorter waiting period.
  • Single Payment: You are not required to deal with hassles of annual, quarterly or monthly payments at the time of purchasing a COVID-19 health insurance plan. This one-time purchase allows you to get your medical coverage and protect yourself during times of emergency.

Corona Kavach Health Insurance Policy At A Glance

With the help of the below-mentioned table let us understand the COVID-19 coverage provided under Corona Kavach Policy for the family according to the IRDA guidelines:

Type of Policy

Family Floater

Tenure of the Policy 3.5 months, 6.5 months and 9.5 months
Sum Insured Rs. 50,000 – Rs. 5,00,000
Eligibility for the Plan Minimum: 18 years; Maximum: 65 years
Premium Mode Single
Plan Benefits Based upon hospitalisation
Waiting Period 15 days from initiation date of the plan

Key Features of Corona Kavach Policy

The key features of Corona Kavach Policy are as follows:

  • The Corona Kavach Plan offers coverage against hospitalisation expenses including room rent, ICU and nursing expenses, comorbidities, consultation fee of the doctor, etc.
  • Pre hospitalisation and post hospitalisation costs are covered up to a specific time period.
  • The policyholder is required to pay the amount of premium in a single time at the time of purchasing the Corona Kavach Plan.
  • The insurance plan comes with no capping on the room rent.
  • Coverage offered for AYUSH treatment including Ayurveda, Unani, Sidha, etc
  • This plan would meet the expenses related to standard health cases of Coronavirus.

Corona Kavach Policy Benefits

Corona Kavach Policy comes with certain benefits which are mentioned below:

  • Short Waiting Period: Corona Kavach Policy comes with a waiting period of only 15 days, which means that the insured can start availing of the policy benefits sooner.
  • Affordable Premium: As the Insurance Regulatory and Development Authority of India (IRDAI) has launched Corona Kavach Policy to ease the financial pressure during the coronavirus outbreak, therefore it is priced at an affordable health insurance premium.
  • One-Time Payment: To be covered under Corona Kavach Policy, the policyholder has to pay the health insurance premium only once, unlike regular health insurance plans. This keeps him/her at ease.
  • Optional Cover for Hospital Daily Cash: the policy comes with an optional cover of Hospital Daily Cash that can be purchased by paying an extra premium as per the requirement. With this cover, the policyholder can avail cash benefit of 0.5% of the sum insured for every completed day of continuous hospitalisation for up to 15 days.
  • Tax Benefits: The policyholder can avail tax benefits in the premium paid for this policy under Section 80D of the Income Tax Act, 1961. Note that the benefit can be availed if the premium is paid in any mode other than cash.

Top 10 Corona Kavach Policies Based on Claim Settlement Ratio

Corona Kavach Policy is indemnity-based health insurance that takes care of your and your loved ones during hospitalization due to Covid-19. All health insurance companies provide coverage for coronavirus treatment-related expenses through Covid Kavach Policy. If you want to make a quick choice, refer to the list of Top 10 Corona Kavach Policies mentioned below.

Before choosing your Corona Kavach Policy, please note that the ranking of the health insurance companies has been done on the basis of claim settlement ratio as CSR is one of the prime factors to consider while making a policy purchase.

The CSR for the year ended March 31, 2019, has been taken into consideration for ranking purposes.

Top 10 Corona Kavach Policies on the Basis of CSR for the Year 2018-2019

Health Insurance Company

Claim Settlement Ratio

IFFCO Tokio

96.57%

Magma HDI

96.41%

New India Assurance

95.92%

Oriental Insurance

94.28%

Bajaj Allianz

93.68%

Care Health Insurance

92.83%

ManipalCigna

89.50%

Future Generali

87.68%

Acko

86.98%

HDFC Ergo (formerly Apollo Munich)

84.51%

(CSR As Per IBAI’s General Insurance Claim Insights Handbook For Policyholders - 4th Edition)

Corona Kavach Health Insurance Policy Coverage

Highlighted below are key inclusions under the Corona Kavach Policy:

  • Hospitalisation Expenses: Corona Kavach Policy covers the insured for hospitalisation expenses (including the treatment of comorbid conditions) arising due to a minimum of 24 hours of hospitalisation for treatment of COVID-19. The insured can claim expenses related to the Intensive Care Unit (ICU), anaesthesia, blood, oxygen, PPE kit, room rent, nursing, boarding, fees of Consultant/Specialist, etc. from respective insurance providers.
  • Pre-Hospitalisation Expenses: The policy covers the insured for up to 15 days of pre-hospitalisation expenses if related to the treatment and care required due to a positive diagnosis of COVID-19.
  • Post-Hospitalisation Expenses: The policy covers the insured for up to 30 days of post-hospitalisation expenses if arising due to positive diagnosis of COVID-19.
  • Road Ambulance Expenses: Corona Kavach Policy covers the insured for road ambulance expenses incurred for transportation to the hospital in case of emergency related to COVID-19 for up to Rs. 2,000.
  • AYUSH Treatment Expenses: The policy covers medical expenses arising due to in-patient care and treatment required due to COVID-19 under AYUSH systems of medicines like Ayurveda, Naturopathy, Unani, Siddha, and Homeopathy. The benefits can be availed for up to sum insured limit.
  • Home Care Treatment: Depending on the severity of illness, the policy covers the insured for home care treatment expenses for up to 14 days. The insured can avail several benefits under home care treatment cover including cost of medicines prescribed in writing, consultation charges, oxygen cylinder, nursing expenses, diagnostic tests undergone at home or at diagnostic centre, cost of pulse oximeter, etc.
  • ICU Expense Cover: Generally, majority of the time, a COVID-19 patient requires to be admitted in the ICU. The expenses arising from the treatment are without a doubt on a higher end. However, no need to worry as the policy covers these expenses too.
  • No Deductible: The sum insured that can be availed ranges between Rs. 50,000 to Rs. 5,00,000. But, there are no deductibles.

What Is Not Covered Under Corona Kavach Health Insurance Policy?

Although the Corona Kavach Policy offers comprehensive coverage to the policyholder, yet there are certain things which are not possible to cover. The key exclusions under Corona Kavach policy are as follows:

  • OPD And Daycare Procedures: Corona Kavach Policy does not cover any expenses incurred due to OPD and daycare procedures.
  • Investigation And Evaluation: The policy does not cover the insured for any treatment that is undergone primarily for the purpose of diagnostics and evaluation. Also, it does not cover any diagnostic expenses that are not related or incidental to the current diagnosis and treatment.
  • Rest Cure, Rehabilitation, And Respite Care: The policy does not cover expenses related to admission primarily for a rest cure, rehabilitation, and respite care. This also includes expenses related to custodial care and services to address the physical, social, emotional, and spiritual needs of the patient.
  • Testing at Unauthorized Hospital: Claim for Coronavirus prior to policy initiation is not covered or needing hospitalisation for less than 24 hours is also excluded. Moreover, in case the testing is done at any unauthorized hospital or health centre, then the claim arising from it will also not be entertained. Also claims arising because of any unproven healthcare treatment, lacking any adequate medical documents to support the claim is excluded from policy benefits.
  • Outside India: Availing treatment for COVID-19 out of India is also not covered under the Corona Kavach Policy.

Comparison Chart for Corona Kavach Plan Premium

Corona Kavach Plan is offered to the policy buyers by all the General and standard health insurers. Mentioned below is the Corona Kavach Premium Chart:

Insurance Company offering Corona Kavach Plan Total Members Covered Sum Insured Age
Aditya Birla Health Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Bajaj Allianz General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Bharti AXA General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Care Health Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Cholamandalam MS General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Go Digit General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Edelweiss General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Future Generali General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
IFFCO Tokio General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Kotak Mahindra General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Liberty General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Max Bupa Health Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Manipal Cigna Health Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
National Insurance Company Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
New India General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
The Oriental Insurance Company Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Raheja QBE Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Royal Sundaram General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Reliance General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Star Health Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
SBI General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Tata AIG General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
United India Insurance Company Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years
Universal Sompo General Insurance Individual/Family Floater Rs. 50,000- 5 Lakh 18-65 years

Corona Kavach Plan for the Entire Family

With the Corona Kavach Policy for families, an individual can get their whole family covered under a single sum insured of Rs. 5 Lakh. This simply means that the policyholder is required to pay a premium just once for the whole family to get covered under a single plan. Any individual who is aged between 18 years to 65 years can purchase a Corona Kavach Family Floater plan for themselves, their spouse, dependent children (aged between 1 day to 25 years), and parents/parents-in-law.

Corona Kavach Plan for Individual

Each individual has their own preferences and healthcare requirements. The Corona Kavach Plan takes care of these needs and offers the policyholders a sum insured of up to Rs. 5 Lakhs. Moreover, elderly individuals are at a high risk of contracting coronavirus. Thus, it is only wise to get one’s parents and elders insured under a Corona Kavach Plan for individuals based on their individual preferences and requirements.

Corona Kavach Plan V/S Standard Health Insurance Plan

The key differences between the two health insurance plans are stated as follows:

  • Coverage: Corona Kavach Plan extends coverage only towards the medical costs related to the treatment of Coronavirus. On the other hand, a standard health insurance plan offers coverage to the policyholder against a wide range of diseases along with offering compensation for the treatment of COVID-19.
  • Floater Advantage: Another significant benefit of a Corona Kavach Plan is that it acts as an indemnity policy that bears the cost associated towards the treatment of COVID-19 for you as well as your family members.
  • Choose Alternate Treatments: One of the main benefits of buying a Corona Kavach Plan is that the policyholder can get alternate treatment expenses such as Ayurveda, Unani, Sidha, Homeopathy, etc. In a standard health insurance plan, provision for AYUSH is available under certain health policies. The majority of the health plans do not offer coverage for alternate treatments.
  • Minimum Waiting Period: There is a lesser waiting period for Corona Kavach Policy in comparison to other health insurance plans. An individual is eligible to avail the benefit of their COVID-19 insurance within 15 days. Generally, a standard health insurance plan has a waiting period of around 30 days or more depending upon the terms and conditions of a particular health plan.

Differences Between Corona Kavach Policy and Corona Rakshak Health Insurance Plan

Let us understand the key differences between a Corona Rakshak Plan and Corona Kavach Health Insurance Plan:

Basis of Difference

Corona Rakshak Plan

Corona Kavach Plan

Type of Insurance

Benefit Based

Indemnity Based

Coverage Offered

Individual

Floater

Compensation

One-time Settlement

Based upon Hospitalization

Sum Insured

Rs 50,000 to Rs 2.5 Lakhs

Rs 50,000 to Rs 5 Lakhs

Premium Cycle

Single Premium​​ Payment

Single Premium​​ Payment

Plan Duration

3.5 months, 6.5 months, 9.5 months

3.5 months, 6.5 months, 9.5 months

Entry Age

Min: 18 years

Max: 65 years

Dependent Children: 25 years

Min: 18 years

Max: 65 years

Dependent Children: 25 years

Waiting Period

15 days

15 days

How to Purchase Corona Kavach Policy Online?

To buy a Corona Kavach Policy online, you can follow the below given simple steps:

Step 1: Go to InsuranceDekho's official website and from the displayed web page choose the ‘Health’ tab.
Step 2: Enter details like phone number, name and gender. Afterward, you will get a One time password or OTP, enter it.
Step 3: Let us know when you wish to buy the policy by choosing the option from the displayed drop-down menu. Then, select ‘View Quotes’.
Step 4: Choose all the family members whom you wish to include under the policy. Thereafter, choose the ‘Continue’ option. Then, select the family members' age.
Step 5: Enter information regarding your city and email ID. Afterward, select the ‘Submit and View Quotes’ option. All the policies from different insurance providers will get displayed on the screen. Select the one that you wish to buy and also choose the term for the same.
Step 6: After entering the necessary details make online payment through a secured payment channel.

Why You Must Buy Corona Kavach Health Insurance Plan Online?

You must buy a Corona Kavach Health Insurance Plan online due to the following benefits:

  • Swift and Easy Processing: One of the foremost benefits of purchasing a Corona Kavach health insurance plan online is that the coverage opted by you gets taken care of in no time at all. Moreover, after the plan is issued, you would receive your policy documents immediately at your registered email-id.
  • Social Distancing: By deciding to get your Corona Kavach Plan online, you can keep your family as well as yourself safe from getting infected by adhering to social distancing rule. Also, buying a Corona Kavach health insurance plan online is hassle-free and does not involve standing in long queues.
  • 24/7 Accessibility: If you decide to purchase your Corona Kavach Plan online, you can do that from the comfort of your home at anytime you want. At the InsuranceDekho website, you can avail any of our digital services 24/7.

How to Select the Right Coverage Under Corona Kavach Health Insurance Plan?

Purchasing a health insurance plan is an important task, which at times can be overwhelming for you. To make sure that you get the right plan coverage under the Corona Kavach Policy, we have listed below a few points that you must keep in mind:

  • Select the Right Amount of Coverage: Ensure that the sum insured opted by you would suffice to offer coverage to all the family members included in the insurance plan. Also, you must consider the high healthcare costs because of inflation and select the amount of coverage accordingly.
  • Coverage for All the Family Members: In case you are planning to purchase a family floater policy, then ensure that you have included all your family members under the insurance plan after keeping up with the terms and conditions mentioned under the policy.
  • Check Affordability of Premium: It is significant that the final amount of premium calculated is the one that you can easily afford by paying from your pocket. However, you must also consider the claim settlement ratio of the insurance company and select an insurance plan that offers maximum coverage alongside being affordable.

How to File Claim for Corona Kavach Policy?

The entire claim procedure of the Corona Kavach Policy is the same as the normal health insurance plan with no major difference. The policy can be claimed either for reimbursement or cashless benefit. The steps for claim process are explained below:

  • The primary step is to intimate the insurance company regarding the claim whenever it arises. The initiation window for claim is based on hospitalisation type which needs to be followed in case of emergency and planned hospitalisation for 24 hours and 72 hours respectively.
  • When it comes to cashless claims, a pre-authorisation letter needs to be submitted seeking cashless claim permission from the insurance company. While, when talking about reimbursement options, the hospital expenses are paid by the policyholder initially from their own pocket and later register for the claim.
  • Once the claim request is approved, the hospital dues are settled directly by the insurance company or the expenses get reimbursed up to an admissible amount.

How Can I Cancel Corona Kavach Policy?

A policyholder can cancel their corona kavach policy within 15 days of buying it, on the grounds of the policy not meeting certain requirements or in case it is disappointing in terms of coverage. The paid premium amount will get adjusted according to the prevailing Insurance Regulatory and Development Authority of India (IRDAI) norms. The reason behind extending this option was to make the policy more flexible for the policy proposers.
Alternatively, the insurance provider also has all the rights to terminate the policy anytime on the basis of misleading, non-disclosure of material facts related to health or medical history, any fraudulent act at the time of claiming the policy by submitting false documents, etc. However, if any fraud or misrepresentation is found, then the insurance company is not entitled to pay even a single penny to the user.

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FAQ About Corona Kavach Policy

  • Can Corona Kavach Health Insurance Policy be purchased on an individual basis?

    Yes, a policyholder can purchase Corona Kavach Policy on both individual basis as well as family floater basis.

  • How many members can I include under the Corona Kavach Policy on a family floater basis?

     In case you are buying Corona Kavach Policy on a family floater basis, then you can include yourself, your spouse, dependent children (who are aged between 18 to 25 years), your parents and your parents-in-law. Also please note that children, who are above 18 years and are financially dependent cannot be included under family floater coverage. Moreover, the policy can offer coverage to maximum 2 adults and 3 independent children under one plan if it is bought on a family floater basis.

  • What are the terms available for Corona Kavach Policy?

    Corona Kavach Policy is available for 3.5 months (105 days), 6.5 months (195 days), and 9.5 months (285 days). 

  • Will home quarantine expenses or hospital quarantine expenses get covered under my Corona Kavach Policy?

    The Corona Kavach Policy covers homecare treatment expenses or hospitalisation expenses in case the insured individual is found to be COVID-19 positive. Therefore, just quarantine expenses shall not be covered under the policy.

  • Can I avail tax benefits if I pay the premium for Corona Kavach Policy in cash?

    No. Premiums paid in cash for Corona Kavach Policy are not eligible for tax benefits under Section 80D of the Income Tax Act, 1961.

  • Will I be covered for medical expenses if I get treated in a private hospital?

    Yes. The policy covers medical expenses incurred on hospitalisation due to positive diagnosis of COVID-19 in a government authorized diagnostic centre that includes expenses arising due to treatment of any comorbidity.

  • What is the waiting period under Corona Kavach Policy?

    Corona Kavach Policy comes with an initial waiting period of 15 days. Note that the waiting period is calculated from the date of commencement of the policy.  

  • What is the eligibility criteria to purchase a Corona Kavach Plan?

    To get coverage under Corona Kavach Policy, you need to be an Indian citizen, a Non Resident Indian, or are residing in India or an overseas citizen of India, provided you are in India while buying the policy.

  • Am I required to undergo a pre-policy medical check-up to be covered under Corona Kavach Policy?

    No. There is no requirement of pre-policy medical check-up to be covered under Corona Kavach Policy.

  • What is the premium for Corona Kavach Policy?

    Premium for Corona Kavach Policy differs from insurer to insurer and depends on several factors such as number of members covered, their age, sum insured, and many others. 

  • What is the eligibility criteria to purchase a Corona Kavach Plan?

    To get coverage under Corona Kavach Policy, you need to be an Indian citizen, a Non Resident Indian, or are residing in India or an overseas citizen of India, provided you are in India while buying the policy.

  • Is Corona Kavach Policy available for people aged above 65 years?

    No. People aged above 65 years can not buy Corona Kavach Policy as the maximum entry age to buy it is 65 years. 

  • How to Cancel Corona Kavach Policy?

    You can cancel your Corona Kavach Policy within 15 days after the policy purchase on grounds of not meeting the specific requirements in terms of coverage. Your insurance provider will adjust the premium paid as per the norms set by the IRDAI.  

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*Standard T&C Apply. All savings/offers are provided by the Insurers, which are subject to modification .For more details on risk factors, terms and conditions, please read the sales brochure of respective insurers carefully before concluding a sale. Tax benefits are subject to changes in applicable tax laws. Girnar Insurance Brokers Private Limited, (CIN: U66010RJ2016PTC054811, Regd .Off: Girnar 21, Govind Marg, Moti Doongari Road, Dharam Singh Circle, Jaipur, Rajasthan- 302004; Corp. Off: 11th Floor, Tower B, Emaar Digital Greens, Golf Course Extension Road, Sector-61, Gurugram-122102, Haryana. IRDAI License no 588. Direct Broker (Life & General) valid till 19th March 2023. Email - support@insurancedekho.com ; Helpline number: 7551196989.
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