Oriental Corona Rakshak Health Insurance

Oriental Corona Rakshak Policy is a benefit-based medical insurance policy that protects you from burning a hole in your pocket in case you get diagnosed with the pandemic declared COVID-19. It pays you a lump sum benefit equal to 100% of the sum insured chosen if you are diagnosed COVID-19 positive. Available on an individual sum insured basis, the policy can be purchased by anyone who is aged between 18 years and 65 years. Sum insured options start from Rs. 50,000 and go up to Rs. 2.5 lakh in multiples of 50,000. The policy gets terminated upon successful payment of the sum benefit and can not be renewed.

Oriental Corona Rakshak Policy is an affordable policy that comes without any co-payment clause or deductible. It is a short term policy that is available for 3.5 months (105 days), 6.5 months (195 days), and 9.5 months (285 days). The policy does not allow portability or migration. It comes with a waiting period of 15 days after which you can avail of the policy benefits. The waiting period shall be calculated from the date of commencement of the policy.

Also read: COVID 19 Insurance