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Magma HDI Corona Kavach Health Insurance

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Magma HDI Health Insurance
Corona Kavach Policy
Cashless Approval TAT2 hr Cashless Claim Processing
Claim Settlement Ratio90.00%
Network Hospitals7,800+
Special BenefitsModern treatments such as IVF, Psychiatric covered

About Magma HDI Corona Kavach Health Insurance

Magma HDI Corona Kavach Policy is an indemnity-based health insurance plan designed to shield you and your family against medical expenses incurred on the treatment of Covid-19. This plan is available on an individual or a floater basis with the sum insured options ranging between Rs. 50,000 and Rs. 5 lakh (in the multiples of Rs. 50,000). People between the age group of 1 day and 65 years can get the coverage under this plan, which may include relationships like self, legally wedded spouse, dependent children, parents, and parents-in-law.

This Corona Kavach Plan is available with three policy terms such as 3.5 months, 6.5 months, and 9.5 months, which can be availed only after a waiting period of 15 days. This policy brings several benefits such as in-patient-hospitalisation cover for Covid-19, AYUSH procedures, home care treatment, pre-hospitalisation and post-hospitalisation, etc. In addition to these, this plan also offers an add-cover known as hospital daily cash which can be availed only by paying off an additional premium. It provides 0.5% of the sum insured per day for up to 15 days.

Also read: Coronavirus Health Insurance

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Key Inclusions and Exclusions of the Plan

What's Included

  • Home care treatment cover for maximum up to 14 days per incident
  • Road ambulance subject to a maximum of Rs. 2,000 per hospitalisation
  • In-patient care treatment for Covid-19 under AYUSH systems of medicines
  • Hospitalisation costs for Covid-19 treatment for a minimum period of 24 consecutive hours
  • Pre-hospitalisation and Post-hospitalisation expenses for 15 days and 30 days respectively

What's Not Included

  • Expenses related to any unproven treatment, services and supplies
  • Diagnostics or treatment taken outside the geographical limits of India
  • Dietary supplements and substances that are purchased without a prescription
  • Testing done at a diagnostic center which is not authorised by the government
  • Services for persons who are terminally ill to address physical, social, emotional and spiritual needs

7734 Magma HDI Cashless Network Hospitals in India

Magma HDI Corona Kavach Policy Brochure

  • 876.00 KB
  • PDF Document
  • Jul 22, 2020

Claim Process at Magma HDI Health Insurance

  • Network Hospital
  • Non-Network Hospital
  • 1

    Claim Assistance

    For any assistance or query, call InsuranceDekho at the toll-free number 755 1196 989.
  • 2

    Claim Intimation

    Emergency hospitalisation needs intimation as soon as it occurs and for planned hospitalisation intimate as soon as it occurs prior to admission.
  • 3

    Claim Processing

    Fill in the pre-authorisation form and hand it over to hospital's insurance/TPA desk to initiate claim request.
  • 4

    Claim Settlement

    Once your request is approved, claim is settled. If not approved, claim for reimbursement after discharge.
  • 1

    Claim Assistance

    For any assistance or query, call InsuranceDekho at the toll-free number 755 1196 989.
  • 2

    Claim Intimation

    Emergency hospitalisation needs intimation as soon as it occurs and for planned hospitalisation intimate as soon as it occurs prior to admission.
  • 3

    Claim Processing

    Submit claim form with original documents such as doctor’s reports, hospital bills, diagnostic tests, etc.
  • 4

    Claim Settlement

    Once your request for reimbursement of expenses is approved, the claim will be settled.

FAQs on Corona Kavach Policy Health Insurance Plan

  • What all is covered under home care treatment cover under Magma HDI Corona Kavach Health Insurance Policy?

    Here are the following benefits covered this home care treatment cover:

    • Medicines prescribed in writing
    • Consultation charges of the doctor
    • Diagnostic tests undergone at home
    • Nursing expenses related to the medical staff
    • Costs related to pulse oximeter, nebulizer, and oxygen cylinder 
  • Can I gain tax benefits under this Magma HDI Corona Kavach Health Insurance Policy?

    Yes, you can avail tax benefits on the premium amount paid for Magma HDI Health Corona Kavach Policy under Section 80D of the Income Tax Act, 1961.

  • Is this Magma HDI Corona Kavach Health Insurance Policy renewable?

    No, you can not renew this Magma HDI Corona Kavach Plan. You will have to purchase a fresh plan after its policy term expires. 

  • What is the waiting period under this health insurance policy?

    The waiting period of this Corona Kavach Health Insurance Policy is of 15 days from the date of policy commencement. 

  • What is the maximum sum insured amount I can opt under this health insurance plan?

    Under this Magma HDI Corona Kavach Health Insurance Plan, you can opt for a sum insured option from Rs. 50,000 up to Rs. 5 lakh. 

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