As mandated by the insurance coverage regulator, Irdai, a number of normal and health insurers have now give you the usual COVID-specific indemnity plan, Corona Kavach, whereas not everybody has come out with the non-obligatory benefit-based plan, Corona Rakshak.
The COVID Kavach is an indemnity kind insurance coverage plan that’s obtainable for people and households. It will provide a sum insured of as much as Rs 5 lakh for hospitalization bills associated to Covid-19. The coverage will cowl consumables akin to PPE equipment, gloves, masks, and different related bills incurred through the remedy of coronavirus. The plan additionally covers ventilator and ICU costs, in addition to the price of oximeter and oxygen cylinder. The duvet could be taken for oneself, partner, mother and father, parents-in-law, and dependent youngsters as much as the age of 25.
Listed here are some insurers’ premium charges for a 35-year-old man for a Rs 5 lakh plan.