Star Corona Rakshak Health Insurance

The Corona Rakshak Policy offered by Star Health Insurance is an indemnity-based medical insurance plan to fight against COVID-19. The policy is designed to offer lump-sum benefit to Coronavirus positive policyholders, which will be equal to 100% sum insured. The plan is available on an individual basis and can be issued without any pre-acceptance medical screening. It gives coverage to people between the age group of 18 years and 65 years with the sum insured options of Rs. 50,000, Rs. 1 lakh, Rs. 1.5 lakh, Rs. 2 lakh, and Rs. 2.5 lakh. However, this plan neither comes with a renewal feature nor with any free look period.

The Star Health Corona Rakshak Health Insurance Plan comes with three policy terms such as 3.5 months (105 days), 6.5 months (195 days) and 9.5 months (285 days). If during this term of insurance, the insured person gets diagnosed with Covid-19 and requires at least 72 hours of continuous hospitalisation, then only the insurance provider gets entitled to pay a benefit of 100% of the chosen sum insured in a lump sum. It is a one-time benefit for the entire policy term and the plan will get terminated upon the payment of the lump-sum amount. However, an initial waiting period of 15 days is to be completed first to avail this health insurance policy.

Also read: COVID-19 Insurance