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Health Insurance Companies Offering Corona Rakshak Policy

Updated On Sep 27, 2021

The global pandemic of coronavirus has adversely impacted the usual lives of the people around the world. Due to the spread of the coronavirus, a lot of people lost their loved ones and a lot of others were prone to the deadly after effects of the coronavirus. Due to the shutdown of the economy, the inflation increased rapidly in various sectors like the health sector, which resulted in the increased cost of treatment in the private hospitals. The cost of basic health treatments can burn a hole in the pocket of the people which can result in the exhaustion of their financial savings. To save people from the financial burden, the IRDAI has launched various COVID-19 specific health insurance plans namely, Corona Kavach Policy and Corona Rakshak Policy, that help the policyholders incur the costs of hospitalization during the treatment of COVID-19.

Apart from the COVID-19 specific plans, the health insurance providers have included coronavirus coverage in all their basic health insurance plans to make sure that all the policyholders from different groups of the society can easily compensate for the medical expenses incurred during the treatment of the COVID-19 disease. A Corona Rakshak health insurance policy is slightly different from the Corona Kavach policy as it provides a lump sum claim amount to the policyholders when diagnosed with COVID-19. It compensates for the expenses of the consumable items like PPE kits, gloves, nebulizers, and much more.

Health Insurance Companies Offering Corona Rakshak Policy

Key Features of The Corona Rakshak Health Insurance Policy

Corona Rakshak health insurance cover is a COVID-19 specific health insurance plan that provides a 100% lump sum payment of the claim amount to the policyholders when diagnosed with the coronavirus disease. It comes with a waiting period of around 15 days and was launched by the IRDAI for the policyholders. It is one of the extensive and cost-effective health insurance plans that provides complete protection against the high cost of coronavirus treatment. Let us look at some of the prominent features and benefits of the Corona Rakshak policies in general:

Must Read: Difference Between Corona Kavach and Corona Rakshak Health Insurance

  • This health insurance cover is COVID-19 specific and it offers a range of options for the policy tenure.
  • The entry age for this plan is around 18 to 65 years for the policyholders.
  • The assured sum of claim money for the policyholders ranges from Rs. 50,000 to Rs. 2.5 Lakhs.
  • It compensates for the expenses like PPE kits, nebulizers, intensive care, gloves, masks, and much more.

Health Insurance Companies Offering Corona Rakshak Policy

Following are some of the well-known health insurance providers that offer Corona Rakshak health insurance plan in the insurance market:

1. IFFCO Tokio Corona Rakshak Policy

This health insurance plan by IFFCO Tokio health insurance provides monetary aid to the policyholders for the coronavirus related expenses and it offers a lump sum payout to the policyholders at the time of claim settlement process. It offers a wide range of options to the policyholders in policy tenure, coverage, sum assured, and much more.

2. SBI Corona Rakshak Health Insurance Policy

With the lump sum payout facilities, this health insurance cover offers a range of sum assured depending on the financial budget of the policyholders. People get smooth and hassle free insurance procedures along with the no pre medical examination at the time of buying the health insurance cover. With a reasonable and cost-effective premium rate, this COVID-19 health insurance plan offers financial security to the policyholders.

3. Reliance Corona Rakshak Policy

This coronavirus specific health insurance cover is bought for a short period of time for the individuals. It offers a wide range of options in the claim amounts and policy tenures to the policyholders. Anyone between the age of 18 to 55 years can invest in this plan and get financial protection for medical expenses incurred during COVID-19 pandemic.


Apart from the above mentioned health insurers there are several other health insurance providers that offer comprehensive and affordable Corona Rakshak health insurance plans. You must analyze your choices before investment and carefully go through the policy terms to understand the policy bought.

Also Read: Health Insurance Companies Offering Corona Kavach Policy

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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