Oriental Corona Rakshak Policy

The COVID virus afflicted many thousands of people in India and throughout the developing world. It was a serious threat to human health. However, as awareness about its threat spread across the world, there was a significant increase in the number of patients suffering from the virus who sought medical assistance. This motivated insurance companies to introduce policies that provided immediate coverage to those who were hospitalised due to an infection by this virus. The Corona Rakshak Policy was the result of the same.

This policy provides individuals who are diagnosed with COVID a benefit amount ranging up to INR 2.5 lakhs given that the person has stayed in the hospital for 72 hours or more for COVID treatment. The coverage is a supplemental policy intended for the immediate duration after hospitalisation to cover additional expenditures incurred. All insurance providers provide it with identical features and advantages. The insurance plan is available to buy online as well.

This article will provide you with an overview of the Corona Rakshak Policy from Oriental Health Insurance.

COVID-19 is a pandemic that has affected billions on earth and the consequences are still being felt. In a world where people are worried about their own well-being, health insurance is no longer only an option but essential. Oriental Health Insurance provides coverage for medical expenditures owing to COVID-19 treatment in government-recognized health clinics. It also provides a benefit amount for hospitalized patients as per the policy’s criteria of a minimum stay requirement of at least 72 hours and a maximum benefit payout of INR 2.5 lakhs.

The COVID policy from Oriental General Insurance includes the following features:

• The entry age is from 18 to 65 years.
• The maturity age is set to a maximum of 66 years.
• The policy periods are 105 days, 195 days or 285 days.
• The amount of sum insured is from INR 50,000 to INR 2.5 lakhs.
• Single premium payment is necessary
• The company does not need a pre-acceptance medical screening
• The policy features a 15-day waiting period

This insurance is designed for those who need short-term protection after receiving a positive COVID test. The Corona plan coverage offers a significant benefit by covering a high amount covered due to hospitalisation for COVID therapy for a continuous period of 3 days. In the instance of COVID hospitalisation, the coverage offers a reimbursement equivalent to the total amount covered. The coverage will terminate once that lump sum payment is made.

The following are the plan's exclusions:

• A COVID-related hospital stay of 71 hours or less

• Mild COVID symptoms

• Claims resulting from travel to any banned site

• Hospitalization for COVID within the first 15 days

• Discounts in the plan

• Grace tenures

• Loans in the plan

• Claims for death, policy maturity, or policy surrender

• Diagnosis of non-COVID

• Claims deriving from COVID therapy at any non-government-recognized health facility

Here is a step-by-step breakdown of the claim filing process:

• Inform your insurance provider as soon as you receive the COVID test result.
• Send all relevant documents to the company within 30 days.
• The company will go through the claim and make its decision.
• Once the claim is approved, you will receive the amount in your bank account shortly.

The insurance provider needs these documents to approve your claim:

• Proposer’s KYC (if applicable)
• Cancelled cheque with the bank details of the insured
• COVID report from any healthcare facility which is approved by the government
• Hospital discharge report with all data
• Doctor prescription
• Patient ID proof
• Passport copy of the insured
• Claim document which is signed and filled by the insured
• Legal heir certificate
• Other documents needed by the insurance provider

To obtain COVID health insurance policies by Oriental, you must first visit the insurance company's website, review their eligibility rules, and afterwards apply if you fulfil the specifications.

You may also use the Coverfox application for the same purpose. Here is how you can go about it:

• Download the Coverfox programme.
• Enter your basic information, such as your gender, age, name, and phone number.
• Enter your city and zip code.
• Compare various Oriental health insurance plans.
• Select your favourite plan and buy it online.
• The insurance specifics will be emailed to you.

Your current health insurance coverage may not support hospitalisation expenditures due to COVID because this virus treatment requires particular cleanliness, isolation, and trash management measures, which are added expenses not included by standard health policies. The majority of health insurance policies contain a room rent cap. Any excess beyond the threshold is paid by the insured. As a result, this COVID insurance payout can be utilised to cover the extra room rent.

As we mentioned above, the COVID virus wasn't just scary – it was also expensive! There's no way around that harsh truth. And one of the best ways to avoid the high costs of medical treatment is to get yourself insured with Corona Rakshak Policy. With this kind of policy, you can relax knowing that big expenses are covered by your monthly premium. That's a luxury many people have never had – and didn't even realize that they wanted – until it arrived in their lives.

So don't get panicked. Get insured. Oriental Corona Rakshak Policy is specifically created to help you fight and win from all kinds of COVID calamities, including hospitalisation for a long time.