Best COVID-19 Health Insurance Plans 2021

Rajiv Manchanda (24-years-old) works in a small private firm in Hyderabad. Rajiv’s company didn’t offer him any corporate group health insurance plan when he joined the company two years back. Rajiv didn’t even purchase any individual health insurance policy, as he considered himself young and wholesome. But during the second wave of the COVID-19 peak, Rajiv was infected with this deadly coronavirus, and he shifted to a hospital because he developed some complications. When he was discharged, the hospital gave him a medical bill of Rs. 2 lakh for his treatment during this period. This gave Rajiv a huge shock as he paid the entire amount from his two years’ savings. At that time, Rajiv realized that his savings would remain intact if he purchased a covid insurance policy. Thus, an ideal corona insurance policy will help you financially survive this COVID-19 pandemic without compromising your treatment.

What is Corona health insurance?

A corona insurance policy covers pre-hospitalization, hospitalization, and post-hospitalization expenses along with other healthcare expenditures related to COVID-19. These covid insurance plans cover the cost from day 1 i.e. when the patient tested positive for coronavirus.

Many health insurers are offering various health insurance plans so that customers can stay protected against the COVID-19. To lessen the hassle of selecting health insurance, IRDAI launched standardized insurance products. You can purchase these products for complete corona coverage. You may also purchase other options, i.e., the lately launched Corona Kavach or Corona Rakshak Policy.

Corona Kavach Policy

Corona Kavach Policy is an indemnity health insurance plan that is ideally designed to compensate for all hospital expenditures related to the COVID-19. If anyone tested positive with the COVID-19, then this policy plan offers coverage for pre-and-post hospitalization expenses, domiciliary treatment costs, homecare treatment costs, and AYUSH treatment. This corona kavach policy is applicable if an insured policyholder needs any comorbidity treatment during his/her COVID-19 hospitalization treatment. Some intriguing features of Corona Kavach policy are,

Some features of Corona Kavach policy

• This policy plan covers all basic health-related cases of COVID-19
• This policy is available both in individual and floater plan
• The policy tenure period: 3.5 months, 6.5 months, and 9.5 months
• The sum insured amount is between Rs. 50,000 to Rs. 5 lakh
• Minimum entry age: 18 years and the maximum age: 65 years
• The policy has a waiting period of 15 days
• The insured policyholder needs to the premium amount once while buying this policy
• For room rent, this policy has no capping
• Emergency ambulance costs up to a certain limit
• This policy offers up to a specific limit of emergency ambulance coverage
• This is a standard policy with common wordings for all insurers

Exclusions under Corona Kavach Policy

• Treatment expenses that are not related to coronavirus won’t be covered under this policy
• Any hospitalization below 24 hours is excluded
• You can’t initiate any claim before starting the policy
• This policy doesn’t cover covid vaccine cost, inoculation, and preventive treatment expenses
• Treatment outside India is excluded
• This policy doesn’t cover OPD expenses and daycare treatment costs
• If you purchase medicines without a doctor’s prescription, then this policy won’t reimburse you

Corona Rakshak Policy

This is a single-premium-based standard health insurance plan where you will get 100% of the sum insured in lump-sum if you are diagnosed with the COVID-19 and need hospitalization for more than 72 hours. IRDAI launched this insurance policy with the aim that you and your loved ones have sufficient covid insurance coverage. This policy helps you to avail of the best treatments for the COVID-19 without hampering your savings. This policy also compensates for the costs of consumable items like PPE kits, gloves, masks, etc.

Some intriguing features of Corona Rakshak Policy

• The range of sum insured is Rs. 50,000 to Rs. 2.5 lakh
• This policy offers 100% of the sum insured if a government-authorized center tests a patient
• The waiting period is only 15 days for this policy
• This policy offers coverage for individuals
• This health policy doesn’t come with any deductibles
• Minimum entry age: 18 years and the maximum age: 65 years
• The policy tenure period: 3.5 months, 6.5 months, and 9.5 months
• This policy includes pre-and-post hospitalization expenses for 15 days and 30 days respectively
• This policy offers ICU cover, ambulance cover, AYUSH treatment cover, and home treatment cover

Exclusions of Corona Rakshak policy

• The policy doesn’t offer vaccine reimbursement
• Diseases that are not related to COVID-19
• This policy won’t offer any coverage if the testing for the diagnosis of COVID-19 is done in a diagnostic center that the government does not authorize
• This policy won’t honor any claim if you raise it during the waiting period of the policy
• This policy doesn’t offer any coverage for diagnostics and evaluation
• This policy doesn’t compensate for any medical expenses incurred due to OPD and daycare procedures

Best Covid insurance policy

Let’s take a look at the top 5 best Corona kavach health insurance policy plans

Now, take a look at the top 5 Corona Rakshak health insurance policy plans

These are the best COVID-19 health insurance policy plans to help you combat this deadly virus without burning your savings. Before opting for a plan, thoroughly understand its inclusion and exclusion and then make a wise decision to stay protected against the COVID-19.