SBI Corona Rakshak Health Insurance

Corona Rakshak Policy offered by SBI General Insurance is a benefit-based health insurance policy that offers you lump sum benefit equal to 100% of the sum insured, payable on a positive diagnosis of COVID-19, if it requires hospitalisation of at least 72 continuous hours. The positive diagnosis should be done at a government authorized diagnostic center. It is a short-term policy that can be purchased for 3.5 months, 6.5 months, and 9.5 months. You can purchase this policy for sum insured options ranging between Rs. 50,000 and Rs. 2.5 Lakh (in multiples of Rs. 50,000).

You can buy Corona Rakshak Policy offered by SBI General Insurance on a family or individual basis if you are aged between 18 years and 65 years. The policy comes with a waiting period of 15 days, after which you can make a claim and avail of the coverage benefits. As it is a benefit-based health insurance policy, it will terminate upon payment of the benefit. The policy does not come with a lifetime renewability benefit and hence you need to buy a new policy after availing of policy benefits.

Also read: COVID 19 Insurance