Oriental Corona Kavach Health Insurance
Claim Settlement | Dedicated Team |
Claim Settlement Ratio | 93.96% |
COVID-19 Cover | Yes |
Network Hospitals | 4,300+ |
Policies Sold | 12,50,812 |
Renewability | Lifelong |
About Oriental Corona Kavach Health Insurance
Amid the Coronavirus (Covid-19) pandemic crisis, which the world is going through, this Oriental Insurance Corona Kavach Plan has come up with great relief. This is a standard medical insurance plan which offers coverage for individuals and families with the sum insured ranging from Rs. 50,000 to Rs. 5 lakh, in multiples of Rs. 50,000. Anyone who falls under the age group of 18 years and 65 years can propose to buy this health insurance cover. It is designed to offer medical coverage for close relationships such as spouse, children, parents and parents-in-law along with yourself.
People can purchase this health insurance cover with different policy terms of 3.5 months, 6.5 months and 9.5 months, including a waiting period of 15 days from the policy commencement date. This indemnity based plan compensates diverse medical expenses incurred on Covid-19 treatment under several benefits such as COVID hospitalisation cover, AYUSH treatment, home care treatment, and so on. In addition to these, it also gives an optional benefit of hospital daily cash under which 0.5% of the sum insured amount is payable for every 24 hours of hospitalisation for maximum up to 15 days.
Also read: COVID-19 Insurance
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Key Inclusions and Exclusions of the Plan
What's Included
- AYUSH treatment expenses incurred on in-patient treatment Covid-19
- Cost of hospitalisation for minimum 24 hours for the treatment of Covid-19
- Road ambulance expense up to a maximum of Rs. 2,000 per hospitalisation
- Home care treatment costs incurred on Covid-19 treatment for maximum 14 days
- Pre-hospitalisation and post-hospitalisation cost of up to 15 days and 30 days respectively
What's Not Included
- Expenses related to any unproven treatment, services and supplies
- Dietary supplements and substances purchased without a prescription
- Diagnostic expenses not related to Covid-19 diagnosis and treatment
- Testing done at a diagnostic centre which is not authorised by the government
- Expenses related to any admission primarily for diagnostics and evaluation purposes
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FAQs on Corona Kavach Policy Health Insurance Plan
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What is the waiting period under Oriental Corona Kavach Health Insurance Policy?
Oriental Corona Kavach Health Insurance Plan is available with a waiting period of 15 days from the date of policy commencement. You can avail this policy only after the completion of this waiting period.
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Can I avail tax benefits with Oriental Corona Kavach Health Insurance Policy?
Yes, you can earn the tax benefits on the premium amount of this plan under section 80D of the Income Tax Act, 1961.
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What is the eligibility criteria to get coverage under Oriental Corona Kavach Health Insurance Policy?
People between the age group of 18 years and 65 years can buy this policy. However, this plan offers coverage to insured persons from 1 day old to 65 years. The relationships it covers include different family members such as a legally wedded spouse, dependent children (biological or legally adopted) from 1 day to 25 years, parents and parents-in-law. Financially independent children of above 18 years can not be covered.
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Does this Oriental Corona Kavach health insurance policy offers coverage for AYUSH treatment?
Yes, this policy offers the coverage for the medical expenses incurred on in-patient care and treatment for Covid-19 under Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy procedures and medicines up to the sum insured amount opted under the health insurance plan.