IRDA gives permission to 'CORONA KAVACH' to launch as a group insurance policy
The CORONA KAVACH policy was launched on 10th of july 2020.
This policy will cover all the expense under ayurveda and all the other related treatment.
This policy will insure mediclaim from 50000 to 5 lakh rupees.
By seeing the increasing cases of corona virus and worst condition in the country in current pandamic situation INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (IRDA) has approved and given permission to all insurance companies to launch CORONA KAVACH as group insurance. By this decision of IRDA all the public and private companies can provide insurance facility to all their workers and save them from this pandemic.
What is group insurance?
The CORONA KAVACH policy was launched on 10th of july 2020.
This policy will cover all the expense under ayurveda and all the other related treatment.
This policy will insure mediclaim from 50000 to 5 lakh rupees.
What is group insurance?
Group life insurance is a kind of policy which any company can provide to their employee. Any company or any firm willing to provide insurance to their employees will give this kind of group term life insurance. By this emoloyees will get financial safety for themselves.
This CORONA KAVACH policy was launched on 10th of july. This policy is made In this time of pandamic by keeping in mind of health problems of the people's in the country. This policy will cover all the expenses before admiting the corona patient, during the treatment and after realising from hospital and all the other expenses at home and all the expenses will be covered related the treatment of corona.
What will be covered in this policy?
This policy will cover Hospital bed charges, nursing charges, blood test, PPE kit, oxygen, ICU and Dr consultancy fees.
This policy will cover consultations fees of Doctors, check up and diagnosis expense occoured before admission of corona patient. Expense of 15 days prior to the admission in the hospital will be also covered in this policy.
In this policy you will get 30 days all the medical expenses after discharge from the hospital.
If the treatment is taken at the home than policy will cover all the expense in 14 days of health monitoring and medicine.
This policy will cover all the expense of Ayurveda and related treatment.
The expense of ambulance from home to hospital and hospital to home will be covered in this policy. The patient will get rs 2000 for one transfer.
In this policy you will get option of adding daily cash cover. Insurance company will provide 0.5 percent amount daily by calculation of 24 hrs admission in the hospital.
Till what time and how much cover will be provided?
The minimum time of insurance policy will be 3.5 month, 6.5 month and 9.5 month. And minimum amout of insurance is 50000 and maximum amount is 5lakh rupees.
Who can take this policy and who will get benifit of this policy?
The minimum age of the insured person should be 18 years and maximum age should be 65 years. This CORONA KAVACH insurance will include self, wife, mother, father, mother inlaw, father inlaw, and childrens of the age below 25 years
