It has been two years that we all have been taking extra precautions for the well-being of our family, right? From wearing masks every time we step out to using hand sanitizer after touching anything when we are not home, and avoiding going out as much as possible, we have been doing several things to keep ourselves and our family safe from the virus.
While we are doing so many things, we should also consider buying a health insurance policy. A health insurance policy will be a great help if you or any of your family members are getting hospitalized. At least, you will not have to worry about the bill payment at the hospital. One of the best health insurance policies that you can opt for is the Corona Rakshak Policy. Let us discuss this health insurance policy in length.
What is Corona Rakshak Policy?
This is a health insurance policy that has especially been designed to cater to the requirements of people who need treatment of COVID-19. As you take this policy, you will get a lump sum benefit, provided you test positive and need hospitalization. As per the policy, the coverage is provided on an individual basis with sum insured options that range from INR 50,000 to INR 2.5 lakh. However, a policy buyer can also purchase the plan so that his or her family can get the coverage on being hospitalized, without himself or herself not being covered.
This policy is offered to policy buyers between the age of 18 years and 65 years. On buying the policy, you can expect to get a lump sum benefit which is equal to 100% of the sum insured. However, the sum insured can be availed only if you tested COVID positive and the test was done at a government-recognized center, and you had to be hospitalized for at least 72 hours at a stretch. The policy term for this policy is many, such as 3.5 months, 6.5 months, and 9.5 months. However, the policy offers a one-time benefit and once the payment of benefit is done, it terminates.
Benefits of Corona Rakshak Health Insurance Policy
When you buy a Corona Rakshak Health Insurance policy, you can expect several benefits that you can avail of with this policy. Here are some of them mentioned below:
Complete sum insured
With this policy, you can get the complete sum insured option which you can choose without deductions. However, you have to be hospitalized for at least 72 hours continuously once you test positive. Make sure the test has been done at a government-recognized diagnostic center.
This policy was launched by the Insurance Regulatory and Development Authority of India (IRDAI). Therefore, you can get financial help in the hospital costs that are incurred due to COVID. You can get the benefits out of this policy by paying premiums at very reasonable costs. The idea of IRDAI was to make this policy suitable for every stratum of people.
You can get the complete amount in lump sum if you test positive for COVID from a center that is government-recognized and if you are hospitalized for continuous 72 hours.
Lesser waiting period
The waiting period of this policy is 15 days. Therefore, the sooner you buy it, the more helpful it is for you. Once you complete 15 days after buying this policy, you will be able to avail yourself of the benefits of the policy.
If you want to buy the Corona Raksha Policy, you can visit the IIFL website. On the same website, you will be able to find many other health insurance policies also, which you may find suitable for your needs.