The coronavirus pandemic has brought the toughest times for most people around the globe. It has not only been quite a rollercoaster ride to stay home at all times but the added trauma of financial instability, mental anguish, and negativity enveloping us from all sides. Despite the curve considerably flattening in India, the second wave spreading across many parts of the world is restraining the potential freedom. Experts and medical professionals still insist on people being highly attentive to their surroundings and practice all safety and hygiene regulations.

With great efforts by the medical experts and the government to control the spread of coronavirus, IRDAI has also brought us a golden opportunity to protect our hard-earned money with the new policy cover ‘Corona Rakshak Policy’. Under the new guidelines, all medical insurance companies and stand-alone health insurance providers are mandated to provide this policy to willing customers and can even be bought by people without health insurance covers. It has a number of benefits that the customer can avail of and protect their finances in case they become the victim of this virus.

Let’s take a look at all the benefits this cover has to offer!

Benefits

If you don’t have a health insurance cover yet, this is the best insurance policy packed with benefits and can protect your financial interest while you fight against the deadly virus!

Maximum Payout

If you have this insurance policy, you will receive 100% of the lump-sum amount of insurance coverage on testing positive for coronavirus. The amount can be used to pay the hospital bills, post-hospitalization treatment, and any other medical expenses associated with Coronavirus.

Standard Cover

To avoid any malpractices, IRDAI has ensured that this particular insurance cover will be standard across all insurance providers. This means that you will be able to avail of the exact same features and premium structure regardless of which insurance provider you buy it from.

Treatment Cost Coverage

This policy covers your entire hospital expenses if you require hospitalization for over 72 hours. This includes the cost of ambulance PPE kits, mask, gloves, oxygen, ventilator charges, nursing charges, boarding charges, room charges, and diagnostic test charges. It will also cover the hefty charges incurred during ICU or ICCU treatment.In the case of home treatment, the policy covers 14 days of treatment. It also covers 15 days of pre-hospitalization and 30 days of post-hospitalization charges including test charges.

Maximum Payout

If you have this insurance policy, you will receive 100% of the lump-sum amount of insurance coverage on testing positive for coronavirus. The amount can be used to pay the hospital bills and post-hospitalization treatment. There is an added benefit of standard features across all insurance providers.

Prevention is better than cure- this proverb is what every human must live by now. While health insurance is crucial for everyone, if you don’t have one, this is the best insurance policy that you must get at the earliest. Read all the insurance related documents and invest wisely in this insurance.