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Do i need to purchase Corona Kavach policy. I have 10L (Base) + 20L (Super topoup)

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24 Apr, 2021 by  Viswanath S

Hi Team, I have a family floater insurance policy for my family 2Adult+2Kids for 10L and Super Top up policy for 20L. Both base policy and super top up are with HDFC Ergo. I am looking for couple experts suggestions:

  1. Do i need to buy a Corona Kavach policy for my Family. what would be the ideal coverage.
  2. I am looking to increase SuperTop Up cover, but HDFC ergo doesnot give coverage beyond 20L. Which superTop up policy do you suggest for a coverage of 30L.
  3. Is insurance portability applicable for superTop up policy.
  4. Do i need to shift my Base policy to the new SuperTop up provider.
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Health Insurance

2 Answer

Post
25 Apr, 2021

Suggestions as desired :

  1. You do not need Corona Kawach as it compliments health insurance . Go for Corona Rakshak which is a defined benefit plan to compensate your income loss . If you are infected and hospitalized for 72 hour then Rakshak offers you sum assured .
  2. I recommend sum assured of Rs 3 lakh for income loss of 18 days .
  3. Super top of Rs 20 lakh is good enough . You can supplement it through Max Bupa 10 lakh . They have independent top up plan .
  4. Yes , portability is allowed for super top up apple to apple comparison .
  5. You do not need to shift base plan for new top up these are sold as independent plan with deductibles .

Shailesh

Insurance Samadhan


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25 Apr, 2021
Viswanath S
Thanks Sailesh. 1) can you please advise which insurance provider do you suggest for smooth online purchase of corona Rakshak. 2) As i understand corona Rakshak maximum sum assured is 2.5 Lakhs. 3) you are suggesting to take another new supertop up policy with 10Laks base and 10Laks super topup please advise. Thanks.
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27 Apr, 2021
1) can you please advise which insurance provider do you suggest for smooth online purchase of corona Rakshak.


Corona Rakshak is available online only on SBI General, Iffco Tokio today. There are many technical glitches in the journey so you will have to be patient when buying. People in the community have been able to buy since the last few days.


2) As I understand corona Rakshak maximum sum assured is 2.5 Lakhs.

Yes, you are right - but it's a cash benefit policy - you are paid Rs. 2.50 Lakhs if you are in hospitalization for 72+ hours due to COVID.


3) you are suggesting to take another new supertop up policy with 10Laks base and 10Laks super topup please advise

Note, the deductible is not part of the sum insured - is not deducted from the sum insured. If you are Super Topup is of 20L sum insured, then you are already covered for Rs. 30 L. Please check the Sum Insured and the Deductible again and let us know.

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27 Apr, 2021
Viswanath S
Thanks Team. I managed to purchase Corona Rakhsak through SBILife website. Is there a difference if I buy from SBI Life or SBI General. I have 10L Base + 20 Lakhs ( 10L deductible) effectively making it 30L. Additionally I have 5Lakh policy through my company. I assume it would be sufficient.
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