Zurich Kotak General Corona Rakshak Policy

In a world where everything is paid for, usually through insurance, there was a major disparity between the price of COVID and the cost incurred by medical treatment. The need to cover this disparity in terms of medical costs resulted in the development of individual and collective health insurance policies with different schemes. The Corona Rakshak Policy offers a financial backup plan for insured individuals if they need to get hospitalised due to COVID and require treatment for the same.

This is offered by multiple insurance providers all over the nation at very affordable prices. It provides a benefit amount of up to a limit of INR 2.5 lakhs to each individual under coverage who is diagnosed with the coronavirus. However, the person needs to be hospitalised for at least 72 hours for the treatment.

This article will give you a detailed explanation of the Corona Rakshak Policy offered by Kotak Health Insurance.

Zurich Kotak health insurance is a well-reputed health insurer that works towards providing coverage for the hospitalisation of its insured. If you are looking for a health insurance plan to cover your COVID viral disease expenses, Zurich Kotak Corona Rakshak Policy can be your go-to option. The plan provides 100% of the total insured sum amount if the covered individual is tested positive and stayed at a government-recognised hospital for treatment of the same for 72 hours or more.

The COVID policy from Kotak General Insurance highlights the following:

• When registering, the candidate must be between the ages of 18 and 65 years old.
• The plan matures at the age of 66 years.
• The amount of sum insured ranges between INR 50,000 and INR 2,50,000.
• There are three insurance term options: 285 days, 195 days, and 105 days.
• The insurance premium must be paid in one transaction.
• The pre-policy medical examination is not required.
• There is a 15-day waiting time from the insurance policy's commencement date.

• This policy is for those who require short-term coverage after a positive COVID diagnosis.
• The Corona Rakshak policy provides an immense benefit in taking care of the maximum amount insured due to hospitalisation for COVID treatment for 72 hours continuously.
• The coverage provides a payout equal to the whole sum covered in the event of hospitalisation for COVID therapy.
• The policy expires once the lumpsum amount is paid.

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Exclusions of the policy are listed below:

• 71-hour or less period of COVID-related hospitalisation
• Symptoms of mild COVID
• Claims arising due to travelling to any location which is restricted
• COVID-related hospitalisation in the first 15 days
• Grace tenures
• Plan loans
• Plan discounts
• Death, plan maturity or plan surrender claims
• Non-COVID diagnosis
• Claims arising from COVID treatments in any health facility which is not government-recognised

If the policy-insured person is diagnosed with COVID once the waiting period has expired, the very first action in making a claim is to notify the insurance carrier as promptly as possible. Within one month following hospital release, all needed documents must be presented to the insurance provider. The insurance company will review the reports and decide whether to approve or deny the claim. If the claim is granted, the firm will send the claim money to the provided bank account.

The following are the needed claim documents:

• Completed and signed claim document

• A complete photocopy of the insured individual's passport.

• Photo identification for the patient

• Physician's prescription

• Report of the hospital discharge, including a synopsis of the patient's health record and all necessary data

• COVID report produced by any government-recognized healthcare centre

• Details of the insured individual's bank account alongside a cancelled cheque

• KYC information for the proposer (Needed if the insurance claim amount goes over INR 1,00,000)

• Certificates of legal heirship (if needed)

• Other papers required by the insurance company

Health insurance policies by Zurich Kotak are always some of the most simple and easiest to purchase. All you need to do is visit their website, choose your plan and purchase it online.

Interested customers can always purchase Zurich Kotak health insurance plans through Coverfox. Here’s how you can do it:

• Install the Coverfox app

• Give your basic details including name, gender, age and mobile number

• Give your address and pin code

• Weigh up your options in Kotak health insurance plans

• Select your preferred policy and buy it online

• The policy details will be mailed to you.

Considering the pandemic crisis we had a few months ago, proper Corona Rakshak Policy coverage should be among everyone's top priorities right now. The coverage provides short-term financial assistance, which can be quite beneficial following a positive COVID diagnostic.

Most health insurance policies, for instance, include a room rent cap. Nevertheless, in COVID situations when sanitation and isolation must be ensured, the room rent frequently exceeds the maximum set. This is when the lump sum payout from this affordable fixed-benefit health insurance plan might come in handy. It also assists in covering any additional costs associated with the therapy as well as the patient's overall healthcare.

The claim procedure for these policies is easier compared to any alternative health Insurance policy since it provides a lump sum reward equal to the policy amount that is not based on actual spending. The Zurich Kotak Corona Rakshak Policy is reasonably priced and may be obtained online. The insurance provides three term options. Select the one that provides longer-term protection. This COVID-specific coverage is quite beneficial in dealing with any unforeseen COVID-related expenditures.

Even if you already have a base health insurance coverage in place, it makes a great deal of sense to augment it with a proper COVID insurance policy.