Life is uncertain, and the Covid-19 pandemic has taught us that well. What is most important today is health. That's why you need to prepare yourself for any uncertainties. A reasonably priced basic health insurance plan called the Corona Kavach Policy is intended to provide coverage for medical costs brought on by the coronavirus, which has been proclaimed the Covid-19 pandemic. The plan was introduced on July 12th, 2020, by the IRDAI and is provided through both general insurers and healthcare insurers.
This insurance, which is based on short-term indemnification, safeguards the insurer and its family. This is a covid-specific policy that covers the Covid-related treatments, including in-patient expenses, home-care treatment, AYUSH treatment, and pre and post-hospitalisation expenses, in addition to ambulance charges.
Here are some of the most highlighting features of Corona Kavach policy:
Sum Insured: You can easily select coverage between INR 50,000 - INR 5,00,000 (under multiple denominations of INR 50,000).
Inpatient Hospitalisation: When a person is diagnosed positive with the Covid-19 virus from a government-approved diagnostic centre, their hospitalisation cost is covered under ICICI Lombard Health Insurance called ICICI Lombard Corona Kavach Policy.
Your hospital stay, bed charges, doctor’s fee, x-ray cost, other covid-related diagnostics, and requirement of blood or oxygen is covered. If you need a ventilator or any surgery is required along with all the medical costs, everything is included under this plan. You can also purchase PPE kits, masks, and hand gloves.
Policy Period: You can opt for a plan of 3 ½, 6 ½, and 9 ½ months.
Eligibility: Individuals between 18 and 65 can purchase this plan. The insurer beyond the age limit can opt for a plan for the family without self-covering
i. A partner who is lawfully wed
ii. Parents and parents-in-law
iii. Dependent Children (i.e., those who are biological or adopted officially) (Day 1 to 25 years old). A financially independent child above 18 is not eligible
Premium calculation of the policy: The premium through standardised, is determined by several variables, including the addition or removal of optional coverage, the length of coverage, the amount of coverage, changes in tax legislation, and the wellness of the covered person.
Waiting period: There is a waiting period of 15 days. Any covid-related expense incurred within the first 15 days from the start date of the policy is not covered.
Hospitalisation costs: Medical costs associated with hospitalisation for Covid-19 for over 24 hours are covered.
Sub-limits: For each covered person, 0.5% of the Sum Insured is available for a limitation of 15 days throughout the policy term.
ICU expense: Costs associated with (ICU) intensive care units and (ICCU) intensive cardiac care units are covered.
Treatment at home: When your doctor recommends Covid-19 home care treatment for fourteen days per event, your expenses are included for the treatment, such as medical visits, paramedic assistance, routine checkups by nursing staff, examinations, and medical costs.
The following expenses are covered by the policy, up to specified limits depending on the sum insured you have opted for:
Hospital room charges
Boarding costs and doctor's fees
Operation suite and ICU/ICCU bills and nursing staff’s costs
Hospital stay-related medical costs
Ambulance fees
Up to 15 and 30 days, respectively, in pre-and post-hospitalization charges.
AYUSH treatment services.
Take a look at what is not covered under this policy:
Diagnosis of covid, if done before policy purchase or during the 15-day waiting period, will not be covered
Any hospital bills you pay that are mainly for early diagnosis and examining purposes
Diagnostic costs unrelated to the treatment of covid
Medicine cost which is not in the prescription or any medicine prescribed as multivitamins or supplements
Any cost incurred for treatment abroad is excluded
No cost can be reimbursed if it is paid at spas and natural medicine facility center
Dental treatment is excluded.
Includes Covid-19 treatment expenses: ICICI Lombard offers the best Corona Kavach Policy. If you got Covid-19, It covers your hospitalisation cost and home care costs.
Offers choices for flexible policy terms: Depending on your interests, you can choose a term of the plan of 3 ½ months (105 days), 6 ½ months (195 days), or 9 ½ months (285 days).
Offers cashless services: ICICI Lombard is associated with more than 3200 hospitals across India. You just need to go to network hospitals and avail of the hospitalisation and home treatment services cashless.
Easy application and claim reimbursement: ICICI Lombard General Insurance Company is best known for its services. You can simply apply for the policy by either calling the customer care executive or can directly buy from their website. Claiming process of the policy is seamless. While you can choose the hassle-free cashless treatment at a network hospital, you also have the option to go for reimbursement.
Here is all you need to know about the ICICI Lombard Corona Kavach Policy. It is an appropriate health insurance policy that can cover all your covid-related medical bills and save you from unnecessary expenses and stress. ICICI Lombard Corona Kavach Policy is a comprehensive family protection plan against this fatal disease.
Ans: Corona Kavach policy offered by ICICI Lombard Health Insurance Plans shields you from financial concerns associated with Covid-19. So if you require treatment, paying for medical bills will be easy in your pocket.
Ans: ICICI Lombard has partnerships with more than 6700 medical institutions nationwide. This guarantees 24-hour support and seamless service all the time. These hospitals are part of the network and offer the option of cashless hospitalisation.
Ans: The policy initiation date describes the specific day on when your insurance plan becomes effective. The policy’s start date may differ from the day you bought it.
