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Medical emergencies might seriously interfere with your financial plans. As a result, you should protect your family members and yourself with a cost-effective health insurance plan. To increase the accessibility and affordability of health insurance coverage regarding COVID-19, the Insurance Regulatory and Development Authority of India introduced the Corona Kavach Policy in June 2020 so that people can get high-quality treatment through this affordable health insurance policy.
The IRDAI has also made it compulsory for all insurance companies to provide the Corona Kavach Policy. To know more about the Future Generali Corona Kavach Policy, and what benefits can you expect from it read on.
The Future Generali Corona Kavach Policy is a reasonably priced health insurance plan that offers to protect you and your whole family from hospitalisation costs brought on by COVID-19. The policy is available on a family and individual floater basis.
You should meet the following criteria to be eligible for Future Generali Corona Kavach Policy:
Future Generali provides numerous features to safeguard you and your family members in a medical emergency. Key features of the Future Generali Corona Kavach Policy are as follows:
It provides coverage for your whole family, including your parents, spouse and even children between the age of 1 day to 25 years who are financially dependent on you.
Sum insured in Future Generali Corona Kavach Policy can be INR 50000 to INR 5 Lakhs
Future Generali also provides payment selection flexibility, you can either pay by a credit/debit card, demand draft(DD), cash, or a cheque.
You are also provided with an 80D tax deduction certificate under section 80D of the Income Tax Act, 1961 if you pay the premium through your debit/credit card, cheque, or Net Banking. This is not applicable if you make payment through cash.
Future Generali Corona Kavach Policy is one of the best health insurance policies by Future Generali and provides numerous benefits to its customers. The benefits of the Future Generali Corona Kavach Policy are as follows:
Minimum Waiting Period: The waiting period for Future Generali Corona Kavach Policy is only 15 days; after that, you can avail your policy coverage.
ICU Expense Coverage: Future Generali also provides coverage for expenses due to admittance to the Intensive Care Unit and Intensive Cardiac Care Unit.
Hospital Daily Cash Cover: 0.5% of the sum insured is paid per day by the company under the additional hospital daily cash cover. It is available for up to 15 days of continuous hospitalisation.
No Pre-insurance Medical Test: You don't have to undergo a pre-insurance medical examination to buy a Future Generali Health Insurance Policy.
Future Generali Corona Kavach Policy is a part of Future Generali health insurance plans and is considered one of the best policies addressing essential health insurance requirements regarding coronavirus. The following are the inclusions under this policy:
Ambulance Expenses: Ambulance charges up to INR 2000 per hospitalisation are covered under this policy.
AYUSH Coverage: Expenses incurred during the hospitalisation for covid under Ayurveda, Siddha, Homoeopathy, Unani, and Yoga (AYUSH Treatment) are covered.
Pre and Post-Hospitalisation Charges: Pre-hospitalisation costs for 15 days and post-hospitalisation costs for 30 days are included in the medical costs associated with Covid's hospitalisation for a minimum of 24 hours.
Home Care Medication Coverage: According to the terms and conditions of the policy, costs incurred due to the doctor-prescribed home treatment of the insured individual, for up to 14 days will be covered.
Exclusions under the Future Generali Corona Kavach Policy are as follows:
OPD and Day Care medication charges
Any COVID-related claim that was made before the start date of the insurance policy.
Vaccination and immunisation charge
Treatment taken outside India
Hospitalisation for research and evaluation.
There are two types of claim procedures available in Future Generali health insurance plans. If you wish to take the advantage of a cashless treatment you’ll need to get the treatment in a network hospital. In case you seek treatment in a hospital that doesn’t come under the company’s network, you would have to clear the bills upfront from your pocket. However, post-discharge, you would be able to make a claim for reimbursement. In both cases, get the treatment pre-approved by Future Generali. In case of emergency hospitalisation, make sure you inform the company within 24 hours of admission to the hospital.
Future Generali health insurance provides cashless claim benefits for treatment in network hospitals across the country.
Fill out the cashless request form and send it to Future Generali for approval
After receiving the request and verifying the medical documents the company will issue a pre-approval letter to the hospital
Now Future Generali will settle the claim with the hospital, and you would only be required to pay uncovered expenses.
For making reimbursement claims, insured individuals should submit all the required medical information and documents to Future Generali within a few days of discharge. The documents required for the Future Generali Corona Kavach Policy claim process are as follows:
Duly filled and signed claim form
Photocopy of identity proof of the insured person
Original bills and payment receipts
KYC if the claim is above INR 1 Lakh
All treatment-related documents
Future Generali Corona Kavach Policy is a policy for addressing essential medical coverage during COVID treatment, and it is a part of Future Generali General Insurance Plans. It is one of the best health policies offering comprehensive coverage for COVID-19. It aims to safeguard your family members from the financial drain that you may have to face due to the high cost of coronavirus treatment expenses. You should consider the Future Generali Corona Kavach Policy if you haven't yet, to protect yourself and your loved ones.
No, one cannot make a claim on the policy for expenses incurred because of being in quarantine.
Yes, non-allopathic treatments are covered in the AYUSH treatment coverage.
Tenures of Future Generali Corona Kavach Policy are available as