ACKO Corona Kavach
While we have a vaccine for the virus now, it is no hidden fact that there is no guarantee that you will not get the infection post-vaccination. Therefore, while the vaccine aims to reduce the severity of the infection, it is still imperative to secure yourself against medical costs arising out of Covid-19 treatment if, unfortunately, things go haywire. Covid-19 treatment expenses can prove to be expensive and can put you in financial distress. Hence, we recommend buying a health insurance policy such as the Corona Kavach Health Insurance Policy that safeguards you or your family member against the rising Covid-19 medical costs.
Corona Kavach policy by ACKO secures you and your family member from the rising treatment costs of Covid-19. If you are worried about medical expenses during the ongoing pandemic, then the Corona Kavach Policy by ACKO is the right choice for you!
Considering the rising Covid-19 cases and the treatment costs, the Insurance Regulatory and Development Authority of India (IRDAI) has been taking initiatives to help people secure themselves against the expenses due to the virus at an affordable premium.
ACKO’s Corona Kavach Policy protects you against medical expenses, including hospitalisation costs for Covid-19 treatment, doctor’s consultation charges, room rent, surgery costs, comorbid medical conditions, home care treatment, etc.
While the policy benefits are standard across different insurers, the Corona Kavach policy premium may vary from insurer to insurer.
The below table highlights the key standard features of the Corona Kavach policy by ACKO.
|Coverage||Rs. 50,000 to Rs. 5 lakhs, in multiples of Rs. 50,000|
|Benefits||Indemnity-based plan (Based on hospitalisation)|
|Duration||3.5 months (105 days), 6.5 months (195 days), 9.5 months (285 days)|
|Plan Type||Individual or Family Floater. The Family Floater plan includes yourself, spouse, two dependent children (aged between 1-25 years), and parents|
|Consumables||PPE kits, gloves, masks are covered|
|Age Criteria||18 - 65 years|
|Waiting Period||15 days from the policy commencement|
|Premium||Pay premium once, as there is no renewability option|
|Tax Exemption||Eligible under Sec 80D|
|Room Rent||No cap|
Also, read: COVID-19 Health Insurance Policy
If you buy Corona Kavach Policy by ACKO online, you can enjoy a host of benefits as listed below.
When you buy a policy online, you can compare various plans and purchase a policy that meets your needs.
Buying a policy online helps you save time and effort. It’s a super quick and convenient process.
When you buy a policy online, you can skip the exhaustive paperwork and documentation process.
Before buying the policy, it is essential to go through the inclusions to make an informed choice. For a detailed list of inclusions, you can read the policy document.
On a positive diagnosis of Covid-19, the policy covers hospitalisation costs if you are admitted to a hospital for a minimum of 24 hours. In addition, the policy covers nursing charges, surgeon’s and doctor’s charges, ventilator charges, surgical appliances, room rent, etc.
Ayurveda, Unani, Siddha, and Homeopathy (AYUSH) treatment for Covid-19 is covered up to the sum insured amount under the policy.
Medical costs, if admitted to the ICU, can go on a higher side. But, no worries, as this policy includes ICU/ICCU expenses.
Consumables items such as PPE kits, oxygen, gloves, masks are covered in the policy.
The policy covers treatment expenses for any comorbidities, along with Covid-19 treatment.
Ambulance charges up to a maximum of Rs. 2,000 is included in the policy.
The policy covers Covid-19 home care treatment for up to 14 days as recommended by a medical practitioner. The benefit also covers doctor visit charges, pharmacy, etc.
The policy covers medical expenses 15 days before and 30 days post-hospitalisation or home care treatment, including consultation fees and Covid-19 diagnostic test costs.
This is an optional add-on cover. In case of 24 hours of continuous hospitalisation, you can get Rs. 250 to Rs. 2,500 amount (0.5% of the sum insured) on a daily basis for a maximum of 15 days.
While the policy endeavors to cover Covid-related medical costs, here are a few exclusions where ACKO is not liable to pay.
Hospitalisation for less than 24 hours is not covered under the policy.
Treatment costs unrelated to Covid-19 or other medical treatments not mentioned in the policy document are not covered.
Expenses incurred due to custodial care, nursing facility, bed rest are not covered under this policy.
Diagnostic tests or Covid-19 treatment taken outside India.
ACKO is not liable to pay if you are diagnosed with Covid by any of the unauthorised testing centers.
Any claims that are not backed by sufficient medical documents will not be covered.
If you have traveled to any of the countries restricted by the government.
The policy will not cover any expenses towards inoculation or preventive treatment.
Covid-19 related medical costs incurred during the waiting period are excluded from the policy.
The policy doesn’t cover OPD treatment or daycare treatments that don't require hospitalisation.
Expenses related to buying medicines that are not prescribed by the doctor are excluded.
Follow a simple 3-step process to buy Corona Kavach policy by ACKO online.
Fill in the details regarding the person to be insured and select the policy coverage, tenure and add-on covers, if any.
Pay the Corona Kavach policy premium amount, and get access to the policy immediately.
Here are a few commonly asked questions about the Corona Kavach policy by ACKO.
Corona Kavach policy by ACKO covers your Covid-19 related medical expenses if you are tested positive by any authorised testing centers and hospitalised for at least 24 hours.Can I buy a health policy for Covid-19 treatment?
IRDAI has approved a few corona-specific health insurance plans, such as Corona Kavach and Corona Rakshak Health Insurance Policy. As per the mandate by the regulator, all health insurance companies are required to offer these policies. While the benefits of these policies are standard across the industry, the premium rates vary from insurer to insurer. In addition, Corona Kavach is an indemnity-based plan, while Corona Rakshak is a benefit-based plan.How much do I need to pay for ACKO’s Corona Kavach policy?
Even though the policy’s features are standard, insurers charge a different premium amount for this policy. To know more about the premium amount, contact our support team or write to us at [email protected]Can I buy the Corona Kavach policy online?
Yes, we recommend you buy this policy online since it’s a quicker and more hassle-free way of purchasing a policy.Is there any waiting period before I can start using this policy?
Yes, ACKO’s Corona Kavach policy comes with a waiting period of 15 days. Meaning, you can claim costs only after 15 days post the commencement of the policy.Are comorbidities conditions covered?
Yes, comorbidities are covered under the policy.Will the policy cover treatment costs in a hospital outside India?
No, the scope of the coverage is limited within the borders of India.
In case of any symptoms, get yourself tested for Covid-19 at any government authorised testing centers.
If you are Covid-19 positive and hospitalised/undergoing any treatment for it, inform us at the earliest. Our claims team will help you with the process.
You may have to submit a few scanned copies of documents. In the case of cashless claims, this includes a pre-authorisation form or hospital bills in case of the reimbursement claims process.
Once you share the required set of documents, our team will either directly settle the bill with the hospital or reimburse the admissible bill amount.
The coronavirus treatment can make a dent in your savings. Corona Kavach policy is a pocket-sized policy primarily aimed to secure you against expensive Covid-19 treatment costs at an affordable premium.
The pandemic has bought stress into the lives of many. Corona Kavach policy will help you reduce risk related to treatment costs. This means you can get access to quality treatment without worrying about expenses.
Since it’s a short-term policy, pay the premium amount only once at the time of purchase. No hassle of renewing the policy on a timely basis!
Corona Kavach policy is the perfect fit at an affordable premium if you already have a Corporate policy/Individual health policy and looking only for a Covid-19 specific cover.
You can cancel the Corona Kavach policy if in case you are not satisfied with the coverage within 15 days of purchasing it. The premium amount will be refunded as per the IRDAI norms.
You can avail cashless claims experience through our wide network of 6,500+ hospitals. This ensures easy access to quality treatment and speedy settlement of claims.
The below chart mentions the premium rate for the sum insured of Rs. 3 lakhs for a tenure of 6.5 months.
|Age band of the eldest member||Family type: 1 Adult||2 Adults||1 Adult + 1 Child||1 Adult + 2 Children||2 Adults + 1 Child||2 Adults + 2 Children|
|16-20||Rs. 1,391||Rs. 2,365||Rs. 2,365||Rs. 3,547||Rs. 3,547||Rs. 4,730|
|21-25||Rs. 1,391||Rs. 2,365||Rs. 2,365||Rs. 3,547||Rs. 3,547||Rs. 4,730|
|26-30||Rs. 1,391||Rs. 2,365||Rs. 2,365||Rs. 3,547||Rs. 3,547||Rs. 4,730|
|31-35||Rs. 1,947||Rs. 3,311||Rs. 2,838||Rs. 4,020||Rs. 4,493||Rs. 5,675|
|36-40||Rs. 2,226||Rs. 3,784||Rs. 3,074||Rs. 4,257||Rs. 4,966||Rs. 6,148|
|41-45||Rs. 3,060||Rs. 5,202||Rs. 3,784||Rs. 4,966||Rs. 6,385||Rs. 7,567|
|46-50||Rs. 3,478||Rs. 5,912||Rs. 4,138||Rs. 5,321||Rs. 7,094||Rs. 8,277|
|51-55||Rs. 5,564||Rs. 9,459||Rs. 5,912||Rs. 7,094||Rs. 10,641||Rs. 11,824|
|56-60||Rs. 5,860||Rs. 9,962||Rs. 6,163||Rs. 7,346||Rs. 11,144||Rs. 12,327|
|61-65||Rs. 6,156||Rs. 10,465||Rs. 6,415||Rs. 7,597||Rs, 11,647||Rs. 12,829|
|66-70||Rs. 8,208||Rs. 13,953||Rs. 8,159||Rs, 9,341||Rs. 15,135||Rs. 16,318|
|71-75||Rs. 10,259||Rs. 17,441||Rs. 9,903||Rs. 11,085||Rs. 18,623||Rs. 19,806|
|76+||Rs. 12,311||Rs. 20,929||Rs. 11,647||Rs. 12,829||Rs. 22,112||Rs. 23,294|
Note: The above rates may be subject to change. To know more about the premium for other sum insured amount and tenure, write to us at [email protected]
ACKO can cancel the policy by giving 7 days’ notice in case of the below-mentioned scenario.
1. Non-disclosure of information
2. Misrepresentation of facts/information
3. Fraudulent act by the policyholder
ACKO General Insurance Limited
2nd Floor, #36/5, Hustlehub One East, Somasandrapalya, 27th Main road, Sector 2, HSR Layout, Bengaluru, Karnataka - 560102
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IRDAI Registration No: 157
Category: Non-Life Insurance
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