When people r having mediclaim policy why Insurance
19 Mar, 2021 by ram mundra
When people r having mediclaim policy why Insurance companies r pushing for Corona cover?
Why all benefits should be not available on mediclaim policy?
Hello Mr. Ram,
As per the IRDA circular released in 2020 all the existing health insurance policies whichever companies they are issued by have Corona cover for treatment. The insurers came up with two plans Corona Kavach and Corona Rakshak. If one has a comprehensive health insurance cover then they need not buy corona kavach. However, Corona Rakshak is a fixed benefit plan which pays the sum assured on diagnosis of Corona which is a separate fixed benefit plan which pays the amount based on the sum assured irrespective of the expenses related to treatment already paid by indemnity plans be it a comprehensive health insurance plan or Corona Kavach.
These plans were launched to cover the citizens who don't have an existing health cover.