ICICI Lombard Corona Rakshak Health Insurance

ICICI Lombard Corona Rakshak Policy is a benefit-based medical insurance policy that offers you the much needed cover during the coronavirus outbreak. It is an affordable health insurance policy that can be purchased on an individual basis by people aged between 18 years and 65 years. If covered under this policy, then you can enjoy a lump sum benefit equal to 100% of the sum insured on positive diagnosis of COVID-19, requiring hospitalization for a minimum continuous period of 72 hours. But you will be able to avail the policy benefit only if the positive diagnosis takes place at a government authorized diagnostic centre. You can purchase the policy for a sum insured option ranging between Rs. 50,000 and Rs. 2.5 lakh (in multiples of Rs. 50,000).

ICICI Lombard Corona Rakshak Policy is a short term policy available for 3.5 months (105 days), 6.5 months (195), and 9.5 months (285 days). To avail benefits under this policy, you will be required to complete a waiting period of 15 days which shall be calculated from the date of commencement of the policy. Note that once the benefits have been provided, the policy shall be terminated. But you will be happy to know that the policy does not come with any deductible or co-payment clause. However, you cannot renew the policy as it does not come with a lifetime renewability feature too.

Also read: COVID 19 Insurance