With the Liberty Corona Kavach Policy you along with your family members can be protected from bearing the high medical costs associated with the COVID-19 treatments. The plan's available terms are 3.5 months, 6.5 months & 9.5 months with sum-insured variations costing between INR 50,000 to INR 5 lakhs. The avail of this insurance coverage you should be in the age group of 18 years to 65 years. Along with yourself, this plan allows you to include a legally married partner, children who are dependent (legally adopted children are also covered), parents, and parents-in-law. With health insurance policies by Liberty, you won't have any hassles during a medical emergency. Corona Kavach Policy policy comes with a lot of practical and useful benefits.
Every health insurance company is providing a Corona Kavach Policy to provide coverage against costs of covid-19 treatments under the new regulations imposed by IRDAI in the year 2020. With a single premium, this indemnity plan provides coverage for up to 9 and a half months. Policyholders can promptly get life-saving care without being worried about how they would pay for it.
Age eligibility: Minimum age: 18 years to Maximum age: 65 years
Sum Insured: Minimum amount: INR 50,000 to Maximum amount: INR 5 lakhs
Waiting time: 15 days
Policy tenure: 3.5 months, 6.5 months & 9.5 months
Here’s a quick look at the main features of the Corona Kavach policy by Liberty Insurance:
Coverage for hospital inpatient costs associated with COVID-19 treatment
Covers hospital room charges
Offers coverage for boarding and nursing costs
Up to INR 2,000 in road ambulance coverage for each hospital stay
ICU and ICCU expense is included
Fees for consultants, specialists, doctors, and anesthetists are covered
Up to 14 days' worth of home care costs is covered, when prescribed by the doctor
Maximum 15 days' worth of pre-hospitalisation and 30 days' worth of post-hospitalisation costs
COVID-19 inpatient therapies/ treatment using AYUSH medical practices
The insurance will pay for expenses including anesthesia, oxygen facility, blood, operating theatre fees, ventilators, personal - - protective equipment (PPE) kits, gloves, and masks, as well as medication and diagnostic expenditures.
It is important to understand what would not be covered under the policy as well. Take a look at the exclusions:
Any claim for COVID-19 that was diagnosed before the policy was launched and effective
Any costs associated with daycare and emergency room visits
diagnosis and care outside India
No claims are approved during the initial 15-day waiting period
Tests that are carried out at a medical diagnostic facility that’s not approved by the authorities
Childcare treatment costs and OPD costs are not recognised.
There is not too much difference in the claim process of the Corona Kavach Policy from that of other health insurance policies by Liberty. You can claim either a cashless treatment or pay initially and reimburse later. The following are the claim procedures:
Claim Intimation: While filing the claim, the very first stage is to notify the insurer. The claim commencement window varies based on the hospital treatment, if choosing a network hospital, and it is a planned or emergency admission, inform your insurance company 72 hours or 24 hours before, respectively.
Claim Initiation and Application: Once you have informed your insurance company, fill up the claim application form and submit it on the company’s portal. Attach all the bills, receipts, prescriptions, etc.
Claim Processing and Resolution: In case of a cashless claim, the insurer pays the hospital fees directly upon claim acceptance. If you take treatment at a non-network hospital, you would have to pay the bills yourself upfront and then file a claim. The insurer pays back the costs according to the specified limit.
Liberty Corona Kavach Policy clearly specifies all the documents that the insured must keep handy at the time of filing a claim. It is essentially required when filing a reimbursement claim. The documents that are asked for, would include the following:
Claim form
Govt-approved photo ID
Discharge summary with treatment history
Hospital Bill Payment Receipt
Covid test reports
Doctor's prescription
KYC documents if claimed above INR 1 lakh
NEFT details
It's been over two years since we are observing the global effect of Coronavirus. Liberty Corona Kavach Policy is an indemnity-based policy, made to protect you along with your family members from the high costs associated with the treatment of Covid-19. In India, one of the very popular health insurance companies is Liberty Health Insurance.
With efficient customer services and healthcare insurance options available, this business had an outstanding 97.84% claim settlement percentage in the fiscal year 2020–21. You can get the greatest medical care without worrying about costs. Also, with a broad network of over 5,000 hospitals, you can rest assured that in your time of need you and your loved ones will not be far away from good healthcare facilities.
Under section 80D of the Income Tax Act, you can avail of the tax exemptions on your paid premium for Liberty Corona Kavach Policy.
Yes. As per the Liberty Corona Kavach Policy, below are a few sub-limits: For every covered member, hospitalisation daily cash is available at a rate of 0.5% of the total insured a day, limited to 15 days throughout the policy term. Care provided at home can only be up to 14 days for each incident.
