health insurance

  The COVID 19 pandemic brought the world to a standstill for the better part of 2020. High rates of infection have pointed out to the many gaps existing in healthcare systems around the world. Attention was also drawn to the gaps in current health insurance policies when dealing with the new demands of this disease. To deal with the situation, the IRDAI (Insurance Regulatory and Development Authority of India) has made it mandatory for all insurance companies to offer a standard form of coronavirus-specific health insurance   called Corona Kavach Policy. This health coverage plan promises to bring much relief from the soaring medical expenses that arise due to hospitalization from a COVID-19 health complication. Let’s take a closer look at what the Corona Kavach Policy offers you. What does the Corona Kavach Policy cover? The Corona Kavach Policy covers illnesses related to infection from the novel coronavirus. The coverage includes: ·      ...

  The rising number of COVID 19 cases has drawn attention to the need for health insurance, especially among those who do not already have coverage. Keeping this need in mind, the IRDAI (Insurance Regulatory and Development Authority of India) launched two health insurance products that are specific to offering coverage for the treatment of COVID 19. These two health insurance policies are Corona Kavach Policy and Corona Rakshak Policy. The Corona Kavach Policy is an indemnity-based insurance plan that covers treatment for COVID 19 at a hospital or even at home, under a valid claim. The Corona Rakshak Policy is a benefit-based plan that pays the policyholder a lump sum under a valid claim. This payout can be used for any expenses arising due to COVID 19 treatment. Now, the Corona Kavach Policy and Corona Rakshak Policy are two new types of health insurance plans. Therefore, it is important that one understands the complete detail of coverage. This will help to avoid any confus...