Star Corona Rakshak Health Insurance
Cashless Approval TAT | 90% Cashless claim settlement within 2 hrs |
Claim Settlement Ratio | 89.90% |
Network Hospitals | 14,000+ |
Pre-existing Disease Waiting Period | 1 year |
Special Benefits | No Extra Premium for Disease Coverage |
Starting Premium for Rs. 5 lakhs SI | Rs. 410/month |
About Star Corona Rakshak Health Insurance
The Corona Rakshak Policy offered by Star Health Insurance is an indemnity-based medical insurance plan to fight against COVID-19. The policy is designed to offer lump-sum benefit to Coronavirus positive policyholders, which will be equal to 100% sum insured. The plan is available on an individual basis and can be issued without any pre-acceptance medical screening. It gives coverage to people between the age group of 18 years and 65 years with the sum insured options of Rs. 50,000, Rs. 1 lakh, Rs. 1.5 lakh, Rs. 2 lakh, and Rs. 2.5 lakh. However, this plan neither comes with a renewal feature nor with any free look period.
The Star Health Corona Rakshak Health Insurance Plan comes with three policy terms such as 3.5 months (105 days), 6.5 months (195 days) and 9.5 months (285 days). If during this term of insurance, the insured person gets diagnosed with Covid-19 and requires at least 72 hours of continuous hospitalisation, then only the insurance provider gets entitled to pay a benefit of 100% of the chosen sum insured in a lump sum. It is a one-time benefit for the entire policy term and the plan will get terminated upon the payment of the lump-sum amount. However, an initial waiting period of 15 days is to be completed first to avail this health insurance policy.
Also read: COVID-19 Insurance
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Key Inclusions and Exclusions of the Plan
What's Included
- Sum insured range up to Rs. 2.5 lakh
- No pre-acceptance medical screening required for this policy
- 100% sum insured amount on 72 hours of continuous hospitalisation
- Policy term options for 3.5 months, 6.5 months and 9.5 months
- Proposer can cover a family member without covering self
What's Not Included
- Any diagnosis which not related and not incidental to COVID-19
- Any COVID-19 treatment claim before or during the waiting period
- Testing costs at an unrecognised center
- Expenses related to any admission for diagnostics purpose
- If policyholder travels to a nation that is restricted by government
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FAQs on Corona Rakshak Policy Health Insurance Plan
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What should be my age to get covered under Star Health Corona Rakshak Policy?
People between the age group of 18 years and 65 years are eligible to get coverage under this health insurance policy.
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What is the benefit offered by this Corona Rakshak Policy?
The Corona Rakshak Policy promises to give a lump sum benefit equal to 100% of sum insured opted if the insured person tests positive for Covid-19 and requires to be admitted in the hospital for minimum 72 hours without break.
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Is there any waiting period applicable under Star Health Corona Rakshak Policy?
Yes, an initial waiting period of 15 days is applicable from the date of commencement of this Star Health Corona Rakshak Policy.
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Does any tax benefit applicable under this Corona Rakshak Health Insurance Plan?
Yes, payments made for the premium amount of this plan through any payment method other than cash is eligible for tax relief under section 80D of the Income Tax Act 1961.