ICICI Lombard Corona Rakshak Health Insurance Plan

ICICI Lombard Corona Rakshak Health Insurance Plan

ICICI Lombard offers an exclusive health insurance policy for protection against Coronavirus. It provides coverage for treatments when a person has positive symptoms in medical tests. With Covid-19 cases increasing day by day, the policy provides ways to get high protection from them. ICICI Lombard Corona Rakshak Health Insurance is a standard plan that offers coverage for hospitalization expenses when it comes to Corona-related medical treatments. 

It is a short-term policy that provides a lump sum benefit to a policyholder. Not only that, the plan gives ways to get treatment in approved hospitals that will help restore the conditions. The plan is available for 105 days (3.5 months), 195 days (6.5 days), and 285 days (9.5 months). New policy buyers can choose the term based on their choices. The coverage amount offered by the plan ranges from Rs.50,000 to 2.5 lakhs that help to gain more advantages. However, it has a waiting period of 15 days and policyholders and doesn’t come with a renewability feature. 

Eligibility criteria for Corona Rakshak Health Insurance plan

Key highlights of ICICI Lombard Corona Rakshak Health Insurance plan

• The plan offers a lump sum benefit to a policyholder when he/she tests positive in a government authorized diagnosis center
• Pre-medical screening is not mandatory before purchasing this policy
• It is applicable only for individuals 
• The health insurance plan doesn’t have any deductibles
• Tax benefits for policyholders 
• Home treatment cover for policyholders when they don’t get admission to listed hospitals due to non-availability of rooms
• Policyholders can get ambulance charges up to Rs.2000 under this plan 
• Affordable premium rates allowing a policyholder to gain more benefits
• Provides cashless services for policyholders in listed hospitals 
• Hospital day cash from Rs.250 to Rs.2500 per day after 24-hour hospitalization 
• AYUSH treatment coverage for policyholders who want to choose alternative options for Covid-19
• Easy documentation that saves time 
• Various types of sum insured options 

Inclusions in ICICI Lombard Corona Rakshak Health Insurance plan

• Hospitalization expenses: ICICI Lombard Corona Rakshak Health Insurance plan covers various hospitalization expenses such as boarding charges, room rent, doctor’s fee, medicines, drugs, and diagnostic tests
• Coverage for equipment: Covid-19 treatment requires certain equipment to restore the conditions. The policy provides coverage for masks, PPE kits, ventilators, gloves, and oxygen 
• ICU coverage: The plan offers ICU coverage for policyholders when the symptoms are very severe
• Pre and post-hospitalization: ICICI Lombard Corona Rakshak Health Insurance plan offers coverage for medical expenses incurred before 15 days of hospitalization. Not only that, it also provides coverage for post-hospitalization allowing a policyholder to manage high medical expenses
• Optional cover benefit: A policyholder can get 0.5 % of the sum assured daily which is applicable for a maximum of 15 days 
• AYUSH coverage: The policy provides alternative treatment options for Covid-19 patients under AYUSH coverage
• Home treatment cover: Policyholders who want to get coverage for home treatment under this policy should submit the doctor’s recommendation report 
• Cashless claims: ICICI Lombard Corona Rakshak Health Insurance plan offers cashless claims in listed hospitals 
• Treatment for comorbid conditions: The plan offers coverage not only for Covid-19 but also for the comorbid treatment
• Ambulance coverage: ICICI Lombard Corona Rakshak Health Insurance plan offers ambulance coverage for policyholders

Exclusions in ICICI Lombard Corona Rakshak Health Insurance plan

• The policy doesn’t provide a renewal and migration facility
• Any diagnosis or treatment that is not related to Covid-19
• Treatment outside India
• Expenses that incur during 15 days waiting period 
• No coverage for testing done at a non-authorized government diagnostic center
• Travel history that tracks to the restricted countries

ICICI Lombard Corona Rakshak Health Insurance plan cancellation

The policyholders can cancel the policy by giving a 7 days written notice and the insurer shall refund the premium to them.