ManipalCigna Corona Rakshak Policy

The deadly virus has been around for some time now and takes a toll on a person’s health. In addition, it also puts a heavy financial burden on the family of the infected individual. Everyone is now looking for a way to deal with this expensive disease. The only answer is a covid specific health insurance plan like Corona Rakshak Policy. The policy provides financial coverage to protect your family against the disease.

Manipalcigna General Insurance offers Manipalcigna Corona Rakshak Policy which is a standard benefit-based covid health insurance policy. As per IRDAI directives, it is a standard covid policy sold by all the insurers. The policy pays a lump sum benefit in case the insured is diagnosed with covid-19 and is hospitalised for a minimum of 3 days. Let us look at the features of the policy in detail.

Corona Rakshak Policy from Manipalcigna Health Insurance Company is a fixed-benefit policy that can be availed on an individual basis. It is a short-term policy, which terminates after the payment of 100% of the benefit amount. Key highlights of the policy include;

• The entry age is a minimum of 18 years to a maximum of 65 years.

• Sum insured options are a minimum ₹ 50,000 to a maximum ₹ 2.5 lakhs.

• The policy term is available in 3 options: 3.5 months, 6.5 months and 9.5 months.

• The premium payment mode is a single payment which has to be paid at the time of purchase before the policy starts.

• Coverage includes self, spouse, children, parents and parents-in-law.

• No pre-policy checkup is required for the policy.

• The policy has a low waiting period of 15 days only.

• The policy also provides tax benefits as per section 80D of the Income Tax Act.

• Renewal is available according to the underwriting policy of the company.

The policy pays a lump sum benefit equivalent to 100% of the sum insured for a minimum 72 hrs hospitalisation upon positive Covid 19 diagnosis. The covid test should be conducted in a government-recognized diagnostic centre only. The benefit paid can be utilised as per the requirement of the insured as it is a lump sum benefit and not based on actual expenses.

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Under the following conditions, no benefit is payable to the insured by the company.

• Any medical expenses not related to covid-19 treatment.

• Covid treatment, which does not require hospitalisation.

• Testing is done at an unrecognised diagnostic centre.

• Any claim made during the waiting period of the policy.

• Expenses for treatment of covid diagnosed before the policy start date.

• Treatments that are taken outside India.

• Any expenses due to admission are for evaluation purposes only.

The policy also acts as income replacement and can be utilised to fill gaps in your existing health insurance plan. If you have health insurance with a lower sum insured or which does not cover the cost of consumables or have room rent limits, a corona rakshak policy can compensate and cover all additional expenses. It is a good way to supplement your existing health coverage and even provide for the loss of income due to covid-19.

The claim process for the corona rakshak policy is quite simple, like the claim process for other Manipalcigna Health Insurance plans. Get your covid testing done from a government-authorized testing centre. In case you test positive for Covid 19 and you have severe symptoms that require hospitalisation, Inform the company and provide your test report with a hospitalisation certificate from the treating doctor. Your claim will be processed, and you will receive the 100% of the sum insured value.

Similarly, buying a Corona Rakshak Policy is the same as buying other health insurance policies by Manipalcigna. The policy can be easily purchased online from the company website or through the Coverfox app. Select the policy online, fill out the application form and make the payment. The policy document will be sent to your email. You can purchase the policy by visiting the company branch office as well. But, online purchase is recommended considering no-contact norms.

If you are planning to buy a corona rakshak policy, keep in mind the following tips at the time of purchase.

Choose the correct sum insured amount -

• Opt for a sum insured value that is enough to cover the treatment you would prefer. It should also be chosen according to your age and your medical history. Also, do mention the number of family members that will be included in the coverage.

Do not delay -

• Delaying getting Covid insurance means that you may not have any coverage at the time of need. Hence, get a corona rakshak policy at your earliest to be prepared for any emergency and to avail the maximum benefit of the policy, as it will not cover any treatment for the coronavirus diagnosed before the policy start.

Opt for a sufficient policy term -

• Covid has been around for quite some time and is still not fully gone. Hence choose a policy term that keeps you covered for a longer duration because nobody knows how long the virus is going to stay.

Choose Manipalcigna Insurance Company -

• Buy a corona rakshak policy from Manipalcigna for a hassle-free claim process and a good network of hospitals where you can get cashless treatment easily with 24*7 customer support.

You cannot avoid getting a covid infection when everybody around is falling prey to the virus. The best you can do is to be prepared to deal with the virus and the treatment financially. A Manipalcigna corona rakshak policy is the best way you can get financial support during a medical crisis. It will let you focus on your recovery without worrying about medical bills. For more information about the policy or to clear any doubts, you can request a callback, and the Coverfox team will assist and guide you through the buying process.