ISSUERS OF CORONA KAVACH POLICY
Plan is same , but Premiums are different
No one should have to choose between medicine and other necessities. No one should have to use the emergency room every time a child gets sick. And no one should have to live in constant fear that a medical problem will become a financial crisis.
- Brad Henry |
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INSURANCE COMPANIES ISSUING CORONA KAVACH POLICY
23.07.2020 : IRDAI announced a new standard indemnity based health insurance policy called Corona Kavach policy exclusively covering Covid-19 patients in the first week of July 2020 . Since then 30 insurance companies have got permission to launch Corona Kavach Policies . We give below the list of such insurance companies and you can reach their websites by clicking on them
To know the benefits , inclusions , exclusions and other terms and conditions CLICK HERE
We have compared the premiums quoted by various insurance companies and you may get a glimpse of it , by CLICKING HERE
To know the benefits , inclusions , exclusions and other terms and conditions CLICK HERE
We have compared the premiums quoted by various insurance companies and you may get a glimpse of it , by CLICKING HERE
INSURANCE COMPANIES ISSUING CORONA KAVACH POLICY
Dated 11.07.2020 : Now the Authority had issued clearance to the following 30 General and Health Insurance companies to market this Corona Kavach Policy. You can click on the name to reach their websites / Brochures .
Sl. No Name of Insurer
1 Acko General Insurance Ltd.
2. Aditya Birla Insurance Co Ltd
3 Bajaj Allianz General Insurance co ltd
4 Bharti AXA Life Insurance co ltd
5 Cholamandalam MS General Insurance co ltd
6 Edelweiss Tokio Life Insurance co ltd
7 Future Generali General Insurance co ltd
8 Go Digit General Insurance co ltd
9 HDFC Ergo General Insurance co ltd
10 HDFC Ergo Health Insurance co ltd
11 ICICI Lombard General Insurance co ltd
12 IFFCO – Tokio General Insurance co ltd
13 Kotak Mahindra General Insurance Co. Ltd.
14 Liberty General Insurance co ltd
15 Magma HDI General Insurance Co. Ltd.
16 ManipalCigna Health Insurance Company Limited
17 Max Bupa Health Insurance co Ltd
18 Navi General Insurance Ltd.
19 National Insurance co Ltd
20 Raheja QBE General Insurance co ltd
21 Reliance General Insurance co ltd
22 Religare Health Insurance co ltd
23 Royal Sundaram General Insurance co ltd
24 SBI General Insurance co ltd
25 Star Health & Allied Insurance co Ltd
26 TATA-AIG General Insurance co ltd
27 New India Assurance co Ltd
28 The Oriental Insurance co Ltd
29 United India Insurance co Ltd
30 Universal Sompo General Insurance co ltd
To view the IRDAI Press Release dated 10.07.2020 , CLICK HERE
Sl. No Name of Insurer
1 Acko General Insurance Ltd.
2. Aditya Birla Insurance Co Ltd
3 Bajaj Allianz General Insurance co ltd
4 Bharti AXA Life Insurance co ltd
5 Cholamandalam MS General Insurance co ltd
6 Edelweiss Tokio Life Insurance co ltd
7 Future Generali General Insurance co ltd
8 Go Digit General Insurance co ltd
9 HDFC Ergo General Insurance co ltd
10 HDFC Ergo Health Insurance co ltd
11 ICICI Lombard General Insurance co ltd
12 IFFCO – Tokio General Insurance co ltd
13 Kotak Mahindra General Insurance Co. Ltd.
14 Liberty General Insurance co ltd
15 Magma HDI General Insurance Co. Ltd.
16 ManipalCigna Health Insurance Company Limited
17 Max Bupa Health Insurance co Ltd
18 Navi General Insurance Ltd.
19 National Insurance co Ltd
20 Raheja QBE General Insurance co ltd
21 Reliance General Insurance co ltd
22 Religare Health Insurance co ltd
23 Royal Sundaram General Insurance co ltd
24 SBI General Insurance co ltd
25 Star Health & Allied Insurance co Ltd
26 TATA-AIG General Insurance co ltd
27 New India Assurance co Ltd
28 The Oriental Insurance co Ltd
29 United India Insurance co Ltd
30 Universal Sompo General Insurance co ltd
To view the IRDAI Press Release dated 10.07.2020 , CLICK HERE
NEW ARTICLE
SECURING HEALTH FOR SENIOR CITIZENS
WITH OR WITHOUT ENTRY AGE RESTRICTION
TO READ THE ARTICLE CLICK HERE
TO GET ANSWERS FOR FAQs on MANAGEMENT OF POLICIES , CLICK HERE
SECURING HEALTH FOR SENIOR CITIZENS
WITH OR WITHOUT ENTRY AGE RESTRICTION
TO READ THE ARTICLE CLICK HERE
TO GET ANSWERS FOR FAQs on MANAGEMENT OF POLICIES , CLICK HERE
DO YOU KNOW ?
From a report of Sample Survey Office , it is revealed that 80 percent of Indians , who mainly rely up on private health care , do not have any medical insurance . The government has brought only about 12 % of population under health protection schemes like Rashtriya Swasthya Bima Yojana . In the absence of health insurance , 75 % of Indians use their hard earned savings while 18% have to borrow . In order to escape from financial gloom in the events of medical emergencies , one has to definitely require some form of Health insurance .
KNOW ABOUT TAX ON RETIREMENT BENEFITS , CLICK HERE
FOR INCOME TAX NEWS , CLICK HERE NEWS ON INTEREST RATES CLICK HERE
ARTICLE ON INVESTMENT OPTIONS FOR RETIREES , CLICK HERE WHAT IS SYSTEMATIC INVESTMENT PLAN ? CLICK HERE
FOR DETAILS ON AAYKAR SETHU ,
NEW MOBILE APPLICATION FROM INCOME TAX DEPT , CLICK HERE
NEW ARTICLES ON
SMALL FINANCE BANKS PAYMENT BANKS
UNIFIED PAYMENT INTERFACE BHARAT BILL PAYMENT SYSTEM
BHIM APP AADHAR
e-INSURANCE Account ( eIA )
WHAT IS NEW ON PLAN N PROGRESS ?
FOR INCOME TAX NEWS , CLICK HERE NEWS ON INTEREST RATES CLICK HERE
ARTICLE ON INVESTMENT OPTIONS FOR RETIREES , CLICK HERE WHAT IS SYSTEMATIC INVESTMENT PLAN ? CLICK HERE
FOR DETAILS ON AAYKAR SETHU ,
NEW MOBILE APPLICATION FROM INCOME TAX DEPT , CLICK HERE
NEW ARTICLES ON
SMALL FINANCE BANKS PAYMENT BANKS
UNIFIED PAYMENT INTERFACE BHARAT BILL PAYMENT SYSTEM
BHIM APP AADHAR
e-INSURANCE Account ( eIA )
WHAT IS NEW ON PLAN N PROGRESS ?
TAX BENEFIT UNDER SECTION 80D OF INCOME TAX ACT
Deduction allowed on Medicliam Policies under 80 D is Rs. 50,000/- for senior citizens and up to Rs. 25,000/- for others from the financial year 2018-19 . For senior citizens , if no insurance amount is paid , hospital expenditure up to Rs 50,000 is allowed . An assessee can claim additional Rs 50,000 for his / her parents if they are senior citizens and Rs 25,000 in other cases . Overall claim cannot exceed Rs 1,00,000 . All payments should have been made in any mode other than cash . Cost of preventive health check up up to Rs 5,000 can be claimed within the overall limit and it could have been made in cash also .
TAX BENEFIT UNDER SECTION 80D OF INCOME TAX ACT
Deduction allowed on Medicliam Policies under 80 D is Rs. 50,000/- for senior citizens and up to Rs. 25,000/- for others from the financial year 2018-19 . For senior citizens , if no insurance amount is paid , hospital expenditure up to Rs 50,000 is allowed . An assessee can claim additional Rs 50,000 for his / her parents if they are senior citizens and Rs 25,000 in other cases . Overall claim cannot exceed Rs 1,00,000 . All payments should have been made in any mode other than cash . Cost of preventive health check up up to Rs 5,000 can be claimed within the overall limit and it could have been made in cash also .
ISSUERS OF HEALTH COVERS
Mediclaim policies are issued by specialized Health / Medical Insurance companies , Life Insurers as well as General Insurers . To get the list and visit their websites , Click Here
Mediclaim policies are issued by specialized Health / Medical Insurance companies , Life Insurers as well as General Insurers . To get the list and visit their websites , Click Here