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Difference Between Corona Kavach Policy and Corona Rakshak

Team AckoJul 21, 2021

To help people protect themselves from the rising costs of Covid-19 treatment, Insurance Regulatory and Development Authority (IRDAI) approved two Covid-19 health insurance policies, namely Corona Rakshak and Corona Kavach health insurance policy. The Corona Kavach health insurance is an indemnity insurance policy, while the Corona Rakshak is a benefit-based policy. Therefore, the coverage, benefits, and features of these Covid-19 health insurance policies differ.

Corona Kavach Policy

Corona Kavach Policy vs Corona Rakshak Covid-19 Insurance

Below is a detailed guide on the differences between the two basic coronavirus health insurance policies.

Features Corona Kavach Corona Rakshak
Coverage Family Floater to include your spouse, two dependent children (age max 25 years) and parents Individual
Hospitalisation Minimum of 24 hours to get medical expenses reimbursed Minimum of 72 hours to get the benefit
Types of Cover Indemnity plan Fixed benefit plan
Sum Insured Rs. 50,000 to Rs. 5,00,000, in multiples of Rs. 50,000 Rs. 50,000 to Rs. 2,50,000, in multiples of Rs. 50,000
Premium Cycle Single premium amount Single premium amount
Tenure 3.5 months (105 days), 6.5 months (195 days), 9.5 months (285 days) (105, 195, 285 days)
Compensation Based on hospitalization bills One-time settlement which is 100% sum insured amount
Eligibility Minimum 18 years, Maximum 65 years Yes
Deductibles No deductibles NA
Pre-Existing Diseases Comorbidity and pre-existing comorbidity condition(s) are covered Yes
Waiting Period 15 Days 15 Days
Add-on Cover Yes NA

Frequently Asked Questions

What is the main difference between Corona Rakshak and Corona Kavach policy?

Corona Kavach is an indemnity plan. Meaning, if you are tested Covid-19 positive by any of the government authorised testing centers and hospitalised for at least 24 hours, you can reimburse the hospital bill amount up to the maximum sum insured amount. In the case of Corona Rakshak policy, since it is a fixed benefit plan, you get a lump sum amount (which is 100% of the sum insured amount) upon being diagnosed with Covid by any of the government authorised testing centers and hospitalised for at least 72 hours.

What is the sum insured amount under Corona Kavach and Corona Rakshak policy?

In Corona Kavach, the sum insured is a minimum of Rs. 50,000 and a maximum of Rs. 5,00,000, in multiples of Rs. 50,000. In the case of Corona Rakshak policy, the sum insured is a minimum of Rs. 50,000 and a maximum of Rs. 2,50,000, in multiples of Rs. 50,000.

Can I include my family members under both the Corona health policies?

Yes, you can include your family members i.e., spouse, two children, and parents under Corona Kavach policy. However, since Corona Rakshak policy is an individual plan, you cannot include your family members under this plan.

Is there any add-on cover in Corona Rakshak policy?

Unlike Corona Kavach policy, there is no add-on cover in Corona Rakshak policy.

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CIN: U66000KA2016PLC138288

IRDAI Registration No: 157

Category: Non-Life Insurance

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