The outbreak of the Covid 19 pandemic across the globe came not only as a threat to health and treatment facilities but also as a strong, potential threat to finances, budget, and savings. The seriously infected people, especially those with comorbidity issues who needed hospitalisation, had to experience costly medical treatments. This led to the introduction and emergence of the Corona Rakshak Policy.
Corona Rakshak Policy has been specifically crafted to meet the expenses due to Covid-related hospitalisation. It offers a standard benefit of INR 2.5 lakhs for every individual who needed a minimum of continuous hospitalisation of 72 hours for Covid-related issues. This is a short-term, supplementary plan to cater to Covid-related expenses exclusively. This plan is now offered by all the standard insurance companies operating in India with all these standard benefits and features. You can even purchase this plan anytime, anywhere through online mode.
Navi General Insurance and health insurance policies by Navi have gained wide popularity, especially in recent years. However, in this article, we will highlight the relevant aspects of the Navi Corona Rakshak Policy.
Maintaining the IRDAI guidelines, all of the Indian insurance companies now compulsorily offer two plans exclusively for maintaining the expenses related to Covid 19. Navi health insurance plans are also no exception to this. These two plans are:
Corona Kavach Policy: This standard healthcare plan has been particularly designed for meeting the expenses incurred during the treatment of Covid 19 infection. This plan offers coverage for domiciliary treatment expenses including the costs of an oxygen cylinder, pulse oximeter costs, nebulizer costs, coverage for doctor’s consultation fees, and prescribed medicine coverage; hospitalisation expenses include ICU charges, masks, gloves, PPE kits, nursing and boarding charges, investigation costs, etc. It also includes AYUSH treatment expenses too, provided it is prescribed by any registered medical practitioner. The range of the sum insured under this plan is between INR 50000 and INR 5 lakhs.
Corona Rakshak Policy: Here the range of the sum assured is INR 50000 and INR 250000, another Covid-specific health insurance cover. However, this plan functions differently than any standard health plan. It requires Covid-related hospitalisation for a minimum of 72 hours, and the lump sum insurance amount is paid irrespective of the costs of treatment undergone. On payment of this sum, the plan automatically goes null and void and gets cancelled.
Group Health Insurance: In case you are a part of a corporate or a group health insurance plan, you need to check with your respective insurer if it offers Covid-specific benefits.
Navi Corona Rakshak Policy: Navi Corona Rakshak Policy has been specifically designed to meet the expenses incurred due to Covid-related hospitalisation when authentically diagnosed with Covid positive. When the insured person is hospitalised continuously for a minimum of 72 hours, the plan pays you the entire sum insured in a lump sum payout, provided the diagnosis is done at any government-recognized health centre or hospital.
Entry age: 18-65 years
Maximum maturity age: 66 years
Range of sum insured: INR 50000- INR 250000
Policy term: 3 months, 6.5 months, or 9.5 months
Term of premium payment: Single payment
Pre-medical check-up: Not mandatory
Waiting period: 15 days from the date of the issuance of the plan.
This plan offers a fixed benefit equivalent to the total sum insured in case of Covid-related hospitalisation for a minimum of three continuous days. This fixed benefit that is offered by this plan can be utilised in any manner depending on the requirements and circumstances faced by the concerned insured person. After this payout, the plan gets automatically terminated. This plan covers all the expensive Covid-related hospital treatment costs that may not be included in a standard health plan.
Navi Corona Rakshak Policy also poses certain exclusions. These standard exclusions include:
Costs for any non-Covid related investigation
Diagnosis of Covid from any centre that is not authorised by the government
No surrender, maturity or death benefits are applicable under this plan
There is no grace period or free look period
You cannot avail of any loan benefit
There are no discounts
No Covid diagnosis claim has been done before the commencement of the plan
No cover if the insured individual travels to some other place that has been restricted by government protocols
Covid hospitalisation during the 15-day long initial waiting period
Any hospitalisation for Covid lasting for less than 72 hours.
If the insured person is diagnosed with Covid-19, the respective authorities of Navi need to be notified within 15 days of diagnosis. All the relevant documents must be handed over to the company authorities within 30 days of discharge from the hospital. It depends on the discretion of the Navi authorities to either accept or reject a claim.
List of documents required for claim settlement
During claim settlement, some of the mandatory documents that are required include:
Like other Navi health insurance plans, you can easily buy the Navi Corona Rakshak plan. You can easily visit the official website of Navi, provided you meet the eligibility criteria. In case of any doubts, you can always approach Navi customer care and clarify all the queries and then proceed accordingly.
You have to download the Navi app and follow the steps accordingly. You can compare the plans beforehand, although the standard benefits remain unaltered.
The primary step is to download the app. Enter all the relevant details like your name, age, gender, contact details, address, pin code, etc. You can make the payment easily through an online payment gateway. You will receive the plan through email.
The necessity of maintaining a Corona Rakshak Policy along with a health plan
Even if you possess a standard health plan, it is better to maintain a Corona Rakshak Policy along with it, as a standard plan may prove to be insufficient to meet the specific requirements during Covid-related hospitalisation. The Covid treatment procedure involves special hygiene, waste management, and quarantine facilities. Moreover, this plan involves a waiting period of just 15 days and no pre-policy medical investigation is necessary.
The above discussion sheds light on all the relevant aspects of the Navi Corona Rakshak Policy. It may prove to be a real saviour in case of at least 3 days of hospitalisation for Covid-related issues.
