SBI Corona Kavach Policy: Everything You Need to Know

The Corona Kavach Policy from SBI General is a cost-effective indemnity-based health insurance policy that covers you and your family from a range of medical expenses incurred as a result of a positive COVID-19 test. Individuals and families between 18 and 65 can acquire this coverage. You, your lawfully married spouse, dependant children, parents, and parents-in-law can all be covered by family floater insurance. The minimum and maximum ages for dependent children are 1 day and 25 years, respectively. If a child is financially self-sufficient at the age of 18, he or she will be ineligible for floater coverage. If covered on an individual basis, the sum insured would apply to each family member individually, however, if covered on a family floater basis, the sum insured would apply to the entire family.

The Corona Kavach Policy from SBI General Insurance provides amount insured options ranging from Rs. 50,000 to Rs. 5 lakh in multiples of Rs. 50,000, as well as policy terms of 3.5 months, 6.5 months, and 9.5 months. The coverage covers room rent, nursing and boarding costs, AYUSH treatments, pre-hospitalization and post-hospitalization costs, home care treatment costs, and other healthcare costs. Furthermore, the insurance contains an optional add-on benefit for which you can pay an extra fee at the time of purchase. This coverage will be advantageous since it protects you against the financial and emotional implications of the COVID-19 disaster, which is now affecting many people's lives and livelihoods. Continue reading to learn more about SBI Corona Kavach Policy.

SBI Corona Kavach Policy Eligibility Criteria

The following are the qualifying requirements under the SBI Corona Kavach Policy:

• Maximum Age
  

The minimum and maximum ages for entrance are 18 and 65, respectively.

• Sum Assured
  

The Sum Insured options are Rs 50,000 and Rs 5 lakh (in multiples of Rs 50,000)

• Waiting time
  

You must wait 15 days before submitting a claim to get policy benefits; however, no claim may be filed until then.

• Coverage for Members
  

The legally married spouse, parents, dependant children (natural or lawfully adopted), and in-laws are all covered under the insurance.

• Rebates on Taxes
  

Policyholders can also take advantage of tax savings on their coverage premiums under Section 80D of the Income Tax Act of 1961.

• Contribution
  

You don't have to make a co-payment, and you can choose daily hospital cash coverage.

What Is Covered Under The SBI Corona Kavach Policy?

The following items are covered under the SBI Corona Kavach Policy:

1. The expense of your boarding as well as your hospital room rent and doctor's fees.
2. The expenditures of the ICU, nursing and operating room are all charges.
3. Medicines that you took while in the hospital.
4. Charges for pre-hospitalization and post-hospitalization stays of up to 15 days and 30 days, respectively.
5. You will earn 0.5 percent of the sum covered for each day spent in a hospital for Covid-19 therapy. This add-on coverage is only available for a maximum of 15 days.

Take Away

The Covid-19 pandemic has had a huge impact on the whole world, including India. Every day, the number of people infected with the coronavirus grows. The cost of therapy may be excessively high if a person or a member of their family is diagnosed with the virus. If you don't want to dip into your savings to meet the cost of Covid-19 therapy, the SBI General Insurance Corona Kavach Policy will cover you if you or a family member is diagnosed with the condition. If you don't want to dip into your savings to meet the cost of Covid-19 therapy, the SBI General Insurance Corona Kavach Policy will cover you if you or a family member is diagnosed with the condition.

Do read - Learn Everything There Is To Know About The HDFC Optima Secure Health Insurance Plan.