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Corona virus (Covid-19) has affected millions of people around the world and the count is increasing every day. Since Covid-19 is a novel disease with no specific vaccines or treatments so far, all the corona virus infected patients are been treated in hospitals & the treatment expense are very high. To avoid the financial burden & take care of hospital ​expenses, one should opt for a Covid health cover.

The health and General insurance companies have recently launched two standard Covid-19 health insurance policies — Corona Kavach and Corona Rakshak. Both these policies are health insurance plans meant for Covid-19 related hospital expenses including PPE Kit, gloves, mask and other similar expenses which are generally not covered by regular medical insurance.

Corona Kavach Policy is an indemnity plan that reimburses hospital expenses actually incurred by the policyholder to the extent of the sum insured. It will cover the cost of treatment of any pre-existing conditions, along with the treatment for the Corona virus infection with the tenure ranging from 3.5 months to 9.5 months.

Corona Rakshak Policy, the 100% of the sum insured is paid to the policyholder as it a benefit-based plan. It hands out a pre-agreed lump-sum upon diagnosis.

Before you buy them, know the difference between the two plans:

What to do

Considering the way Corona virus is spreading and affecting our life and finance, IRDA has launched this unique product.  Both policies cover Covid-19. But do not consider it as a substitute for a regular health insurance plan. The policy can help provide specific cover with regards to any medical expenses towards the treatment of Covid-19, at an affordable price. In case you already have a health insurance policy, you can purchase this policy as a supplementary cover.

Note: Consult your Insurance Advisor before taking any decision.

8 thoughts on “Corona Kavach and Corona Rakshak – What is the difference?

  1. Thank you for writing on this topic.
    Common people like me get confused, what is Kawach or Rakshak.
    Very well explained in few words and Table helped a lot to understand a lot.

    Thank you.

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