As mandated by the Government of India, 2 types of Covid-specific Health Insurance have been launched & every Insurance company offering the product has to offer it at the exact same price and terms and conditions.
Type 1 -- Covid Kavach
Duration of cover : 9.5 months maximum (285 days)
Sum Insured : INR 50000 to 5 lac
Premium : Starts at 2000/- per person
It covers :
Hospital bills (Minimum hospitalisation : 24 hours)
Home quarantine expenses like medicines or doctor visits
All covid-specific medical expenses like Gloves, PPE Kits etc
Type 2 -- Covid Rakshak
Duration of cover : 9.5 months maximum (285 days)
Sum Insured : INR 50000 to 2.5 lac
Premium : Starts at 2500/- per person
It covers :
A lumpsum payout in case a person tests Covid Positive. (Minimum hospitalisation : 72 hours)
This is a simple, one time use product meant to help with additional expenses or loss of income due to the illness.
Note :
As soon as you test Covid positive by a Government approved lab, you intimate the Health Insurance company and they transfer the amount of your cover to your Bank Account.
Once you receive the money your Covid Rakshak policy will close.
While both Covid Rakshak and Covid Kawach are very simple & inexpensive to get, they have a 15-day waiting period i.e. 15 days after the date of purchase the benefits will start.
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