The global medical crisis brought on by the COVID 19 pandemic has shed much-needed light on the importance of health insurance. A health insurance policy can truly protect your hard-earned savings during a medical emergency. Else, the rising costs of procedures used in diagnosis and treatment can easily serve to drain out your bank account.<\/p>\n
The surge of COVID 19 cases in India prompted the IRDAI (Insurance Regulatory and Development Authority of India) to launch a benefit-based health insurance plan<\/strong><\/a> called Corona Rakshak Policy. This coronavirus-specific health insurance plan is available with the same uniform terms through different insurance providers. Let us take a further look at the features of the Corona Rakshak Policy.<\/p>\n What is the Corona Rakshak Policy?<\/em><\/strong><\/p>\n The Corona Rakshak Policy is a benefit-based health insurance plan. It offers a lump sum payment of the sum insured to the policyholder when the policyholder is diagnosed as COVID 19 positive and requires hospitalization for 72 continuous hours or more. The Corona Rakshak Policy is a short-term health insurance plan. It can be purchased for three tenures of:<\/p>\n The payout of this policy may be used to meet a number of expenses incurred for COVID 19 treatment. These expenses include ambulance charges, room rent, PPE kit costs, and so on.<\/p>\n\n