The cost of Covid-19 treatment may end up being prohibitive, putting you in a difficult financial situation. Having a health insurance plan to cover such unforeseen expenses, is, therefore, the need of the hour. Corona Kavach policy is a health insurance plan that is specially made to protect you and your family from escalating medical costs during Covid-19. It offers coverage on an indemnity basis that will pay for hospitalisation and other associated medical costs brought on by Covid-19 treatment. It is a standard health plan, that was launched by IRADI in June 2020. The government has made it compulsory for health insurers all over the country to provide this policy.
The Chola MS Insurance Corona Kavach Policy aims to take care of the general public's needs for COVID-19-related health insurance. The policy's base coverage is provided on an indemnity basis, while optional coverage is made available on a benefits basis.
Chola MS Insurance Corona Kavach Policy is one of the best health insurance policies by Chola MS. It includes the following-
Hospital Daily Cash: Chola MS provides additional coverage of 0.5% of the insured sum for up to 15 days.
AYUSH Coverage: It covers the COVID-19 medication under AYUSH treatment.
Home Care Coverage: Coverage for home care medication for up to 14 days is provided, including pre and post-hospitalisation costs.
Emergency Ambulance Cost: Ambulance cost up to INR 2,000 is covered.
Beyond Hospital Expenses: It covers 15 and 30 days pre and post-hospitalisation costs respectively.
Corona Kavach Policy is a part of Chola MS Health Insurance plans, and the following are excluded from this scheme.
OPD and Day Care medication cost
Treatment outside the geographical area of India
Claim made regarding coronavirus before the starting date of the scheme
Treatment or surgery without doctors' approval
Any tests carried out in a diagnostic facility that the government has not authorised.
In order to be qualified for this policy:
You should fall under the age category of 18-65 years.
You have the option of including your spouse, parents, and financially dependent children between the age of 1 day-25 years.
Chola MS General Insurance offers Corona Kavach Policy, and this scheme has numerous features to offer. They are as follows:
It enables you to safeguard yourself and your family members, including your parents, spouse, and financially dependent children
No pre-policy health check is required
The plan allows family floater and individual sum insured options
Up to 5% discount on premium for persons who are working in the healthcare sector
Tax deduction advantages under Section 80D of the Income Tax Act,1961
Corona Kavach Policy from Chola MS Health Insurance Plans has various benefits. The advantages of this plan are:
It covers the cost of surgical appliances, oxygen cylinders, drugs and medicines, masks, PPE kits, gloves, and other similar things.
It covers the cost of ICU/ICCU, room rent, nursing charges, etc.
It has a short waiting period of only 15 days
Cashless treatment facility at network hospitals
The easy and quick claim settlement process.
Informing the company in advance about a planned hospitalisation will help in making the claim process smoother and quicker. In case of an emergency hospitalisation, you can inform the insurer within 24 hours of hospitalisation. Chola MS Insurance Corona Kavach Policy has two different types of claim settlement processes.
Inform the company about the hospitalisation and go to any Chola MS network hospital for the treatment
Fill out the claim form and send it to Chola MS Insurance for authorisation
Once your form is received, Chola MS will verify your medical documents and will issue a pre-authorisation certificate to the hospital
The hospital will then settle your claim with Chola MS directly, and you would only require to clear the uncovered dues.
When you undergo treatment at a non-network hospital, you would have to pay all the bills from your pocket. However, post-discharge you can file for a reimbursement claim. You would have to submit all the necessary documents within the given time intervals:
For post-hospitalisation, you are required to submit the documents within 15 days after the completion of the treatment
For hospitalsation and pre-hospitalisation, you are required to submit the documents within the first 30 days of your discharge.
For home care medication costs, you must submit your documents within 30 days after the completion of your treatment.
While cashless claims require minimal paperwork, the following documents are required for the claim process in case of reimbursement.
KYC, in case the claim amount is above INR 1 lakh
Photo identity card proof
Original medical bill and payment receipts
Doctors' prescriptions
Surgeon's certificate for operation details, if any
Filled and signed claim settlement form
Patient's medical history and original discharge summary.
Chola MS Insurance Corona Kavach Policy is one of the most suitable policies for corona expense coverage. It not only takes away the financial stress during covid diagnosis but also helps in safeguarding you and your family members. So in case you haven't purchased a health insurance scheme yet, it is advised that you should consider Chola MS Insurance Corona Kavach Policy.
The sum insured for Chola MS Insurance Corona Kavach Policy ranges from INR 50,000 to INR 5 Lakhs.
There are different policy periods for Chola MS Insurance Corona Kavach Policy; they are as follows-
You should take into account your age, family medical history, health conditions, and capability to pay the premium while deciding on the amount insured.
