
The Corona Rakshak Policy is a benefit-based health insurance plan that is a boon for those looking to supplement their coverage during the ongoing COVID 19 pandemic. This policy pays a lump sum to the insured person provided that they are hospitalised for a minimum period of 72 continuous hours or more due to COVID 19. The policy is available in 3 short tenures of 3 ½, 6 ½, and 9 ½ months and has a sum insured that goes up to Rs 2.5 lakhs.
What are the benefits of the Corona Rakshak Policy?
The Corona Rakshak Policy can truly serve as a temporary replacement for income if the policyholder loses their wages due to falling ill from COVID 19. The infection may render a person incapable of earning for a while if they are hospitalised and subsequently require additional rest upon discharge. The lump sum payout can help you meet your financial responsibilities in the meanwhile – you may use it to buy the groceries, pay for utilities or even make the rent. Thus, we can see how important the Corona Rakshak Policy can turn out to be; it serves to add to the coverage you already enjoy from your existing health insurance. While your health insurance policy can help afford hospitalisation-related expenses, the Corona Rakshak Policy payout helps you stay afloat financially.
How to buy the Corona Rakshak Policy?
Buying health insurance online saves you a lot of time and effort as you can make the purchase from anywhere, at your convenience. Here is a quick look at the process of buying the Corona Rakshak Policy online:
Step 1: Select the insurer
Decide on the insurance provider from whom you would like to purchase the policy. Remember that the Corona Rakshak Policy has standardized coverage set by terms of the IRDAI across the country. So, you may opt to buy the policy from any insurer of your choosing. You could even simply purchase the plan from your existing insurer through whom you already have medical insurance.
Step 2: Provide your details
Once you have selected the insurer you want you purchase your coverage from, head to their website to buy your plan. You will have to provide a few details such as your name, mobile number, address, gender, date of birth, occupation, sum insured, and policy tenure among other things. Based on the information that you provide, you will receive a quote for your premium. You will also have to provide a few other details such as your nominee name as well as complete your KYC.
Step 3: Make the payment
Make sure to review all the information you provide before paying your premium. Most leading insurance providers accept payments from debit/credit card and net banking.
The steps are complete and your Corona Rakshak Policy is now yours! Remember that there is a waiting period of 15 days before your coverage begins.
We hope that this article will prove helpful when you buy the Corona Rakshak Policy online. Make sure to get coronavirus health insurance for your family members too.
Take care.