How To Choose Proper Coverage In The Corona Kavach Policy?
The Corona Kavach Policy is a short-term indemnity health insurance plan launched by the IRDAI (Insurance Regulatory and Development Authority of India). The coverage of this plan has been kept standard across all health insurance providers in the country.
With the Corona Kavach Policy, you can avail coverage for yourself and your loved ones for hospitalisation charges and pre-and post-hospitalisation charges for COVID 19 treatment. This plan is available as an individual plan and family floater plan.
In this article, we will take a quick look at how you can select the right coverage under the Corona Kavach Policy for complete protection for yourself and your loved ones. Let’s go step by step –
- First, think of how many people need coverage
Since the Corona Kavach Policy is available as an individual plan and a family floater plan, you need to first decide who will be covered. If the plan is just for one person, a lower sum insured might suffice. However, it is advisable to always opt for the maximum sum insured you can afford to pay for. If you are covering your family members too, you may want to go for the highest sum insured under the plan since there may be a higher likelihood of a claim. The Corona Kavach Policy’s sum insured starts at Rs 50,000 and goes up to Rs 5 lakhs.
- Next, decide on the tenure
The Corona Kavach Policy is available in three short tenures. These are for 3 ½ months, 6 ½ months, and 9 ½ months. Since we do not know how long the pandemic will last, it is recommended that you opt for the longest tenure possible.
- Ensure that the premium is affordable
Once you have decided on the sum insured and the tenure, check to see whether the final premium fits within your budget. If so, go ahead and sign up for your Corona Kavach Policy to stay covered against COVID 19.
If you want more coverage against COVID 19…
You can consider opting for the Corona Rakshak Policy as well. The Corona Rakshak Policy is a benefit-based plan that pays a lump sum amount if you are diagnosed with COVID 19 and hospitalised for continuous 72 hours or more. The Corona Rakshak Policy is also a short-term plan that is available for 3 ½ months, 6 ½ months, and 9 ½ months. The sum insured starts at Rs 50,000 and goes up to Rs 2.5 lakhs.
Do remember that…
The Corona Kavach Policy only covers you against COVID 19. If you need treatment for any other health conditions, you will need to buy health insurance. Look for a good health insurance policy that covers a wide range of day care procedures and offers cashless treatment at hospitals that are close to your home. Make sure that you and your loved ones always enjoy continued protection from health insurance as we never know when ill health strikes us.
Take care and stay indoors.