ISSUERS OF CORONA KAVACH POLICY
 Plan is same , but Premiums are differentÂ
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 |
|
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 themÂ
 To know the benefits , inclusions , exclusions  and other terms and conditions CLICK HEREÂ
We have compared the premiums   quoted by various  insurance companies  and you may get a glimpse of it , by CLICKING HEREÂ
 To know the benefits , inclusions , exclusions  and other terms and conditions CLICK HEREÂ
We have compared the premiums   quoted by various  insurance companies  and you may get a glimpse of it , by CLICKING HEREÂ
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 .Â
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Sl. No     Name of Insurer
1Â Â Â Â Â Â Â Â Â Acko General Insurance Ltd.
2.        Aditya Birla Insurance Co Ltd
3        Bajaj Allianz General Insurance co ltdÂ
4Â Â Â Â Â Â Â Â Bharti AXAÂ Life Insurance co ltd
5       Cholamandalam  MS General Insurance co ltd
6       Edelweiss Tokio  Life Insurance co ltd
​
7Â Â Â Â Â Â Â Future Generali General Insurance co ltd
8Â Â Â Â Â Â Â Go Digit General Insurance co ltdÂ
9Â Â Â Â Â Â Â HDFC Ergo General Insurance co ltd
10        HDFC Ergo Health Insurance co ltd
11Â Â Â Â Â Â Â Â ICICI Lombard General Insurance co ltd
12        IFFCO – Tokio General Insurance co ltd
13Â Â Â Â Â Â Kotak Mahindra General Insurance Co. Ltd.
14       Liberty General Insurance co ltd
15Â Â Â Â Â Â Magma HDI General Insurance Co. Ltd.
16Â Â Â Â Â Â ManipalCigna Health Insurance Company Limited
17Â Â Â Â Â Â Max Bupa Health Insurance co LtdÂ
18Â Â Â Â Â Â Navi General Insurance Ltd.
19      National Insurance co Ltd
20Â Â Â Â Â Â Raheja QBE General Insurance co ltd
21Â Â Â Â Â Â Â Reliance General Insurance co ltd
22      Religare Health Insurance co ltd ​
23       Royal Sundaram General Insurance co ltd
24Â Â Â Â Â Â SBIÂ General Insurance co ltd
25      Star Health  & Allied Insurance co Ltd
26Â Â Â Â Â Â Â TATA-AIG General Insurance co ltdÂ
27Â Â Â Â Â Â New India Assurance co Ltd
28       The Oriental Insurance co Ltd
29      United India Insurance co Ltd
30Â Â Â Â Â Universal Sompo General Insurance co ltd
To view the IRDAI Press Release dated 10.07.2020 , CLICK HEREÂ
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Sl. No     Name of Insurer
1Â Â Â Â Â Â Â Â Â Acko General Insurance Ltd.
2.        Aditya Birla Insurance Co Ltd
3        Bajaj Allianz General Insurance co ltdÂ
4Â Â Â Â Â Â Â Â Bharti AXAÂ Life Insurance co ltd
5       Cholamandalam  MS General Insurance co ltd
6       Edelweiss Tokio  Life Insurance co ltd
​
7Â Â Â Â Â Â Â Future Generali General Insurance co ltd
8Â Â Â Â Â Â Â Go Digit General Insurance co ltdÂ
9Â Â Â Â Â Â Â HDFC Ergo General Insurance co ltd
10        HDFC Ergo Health Insurance co ltd
11Â Â Â Â Â Â Â Â ICICI Lombard General Insurance co ltd
12        IFFCO – Tokio General Insurance co ltd
13Â Â Â Â Â Â Kotak Mahindra General Insurance Co. Ltd.
14       Liberty General Insurance co ltd
15Â Â Â Â Â Â Magma HDI General Insurance Co. Ltd.
16Â Â Â Â Â Â ManipalCigna Health Insurance Company Limited
17Â Â Â Â Â Â Max Bupa Health Insurance co LtdÂ
18Â Â Â Â Â Â Navi General Insurance Ltd.
19      National Insurance co Ltd
20Â Â Â Â Â Â Raheja QBE General Insurance co ltd
21Â Â Â Â Â Â Â Reliance General Insurance co ltd
22      Religare Health Insurance co ltd ​
23       Royal Sundaram General Insurance co ltd
24Â Â Â Â Â Â SBIÂ General Insurance co ltd
25      Star Health  & Allied Insurance co Ltd
26Â Â Â Â Â Â Â TATA-AIG General Insurance co ltdÂ
27Â Â Â Â Â Â New India Assurance co Ltd
28       The Oriental Insurance co Ltd
29      United India Insurance co Ltd
30Â Â Â Â Â Universal Sompo General Insurance co ltd
To view the IRDAI Press Release dated 10.07.2020 , CLICK HEREÂ
NEW ARTICLEÂ Â Â Â Â
                             SECURING  HEALTH   FOR SENIOR CITIZENSÂ
Â
                                        WITH OR WITHOUT ENTRY AGE RESTRICTION Â
TOÂ READ THE ARTICLEÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â CLICK HEREÂ
TO GET ANSWERS FOR FAQs on MANAGEMENT OF POLICIES ,  CLICK HEREÂ
​​
                             SECURING  HEALTH   FOR SENIOR CITIZENSÂ
Â
                                        WITH OR WITHOUT ENTRY AGE RESTRICTION Â
TOÂ READ THE ARTICLEÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â CLICK HEREÂ
TO GET ANSWERS FOR FAQs on MANAGEMENT OF POLICIES ,  CLICK HEREÂ
​​
DO YOU KNOW ?Â
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 .    Â
 KNOW  ABOUT  TAX ON RETIREMENT BENEFITS  , CLICK HEREÂ
FOR INCOME TAX NEWS   , CLICK HERE    NEWS ON INTEREST RATES  CLICK HERE Â
​ARTICLE ON INVESTMENT OPTIONS  FOR RETIREES  ,   CLICK HERE    WHAT IS SYSTEMATIC INVESTMENT PLAN  ?   CLICK HERE Â
​FOR DETAILS ON AAYKAR SETHU ,
      NEW MOBILE APPLICATION FROM INCOME TAX DEPT , CLICK HERE                                           Â
                                    NEW  ARTICLES ON  Â
                                   Â
 SMALL FINANCE BANKS                                     PAYMENT  BANKS   Â
                                    Â
UNIFIED Â PAYMENT INTERFACEÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â BHARAT BILL PAYMENT SYSTEMÂ Â Â
     BHIM APP                                                AADHAR  Â
                            e-INSURANCE  Account (  eIA  )  Â
WHAT IS NEW ON PLAN N PROGRESS ?    ​
FOR INCOME TAX NEWS   , CLICK HERE    NEWS ON INTEREST RATES  CLICK HERE Â
​ARTICLE ON INVESTMENT OPTIONS  FOR RETIREES  ,   CLICK HERE    WHAT IS SYSTEMATIC INVESTMENT PLAN  ?   CLICK HERE Â
​FOR DETAILS ON AAYKAR SETHU ,
      NEW MOBILE APPLICATION FROM INCOME TAX DEPT , CLICK HERE                                           Â
                                    NEW  ARTICLES ON  Â
                                   Â
 SMALL FINANCE BANKS                                     PAYMENT  BANKS   Â
                                    Â
UNIFIED Â PAYMENT INTERFACEÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â BHARAT BILL PAYMENT SYSTEMÂ Â Â
     BHIM APP                                                AADHAR  Â
                            e-INSURANCE  Account (  eIA  )  Â
WHAT IS NEW ON PLAN N PROGRESS ?    ​
​
TAX BENEFIT UNDERÂ SECTION 80D OF INCOME TAX ACTÂ
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 .Â
TAX BENEFIT UNDERÂ SECTION 80D OF INCOME TAX ACTÂ
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 .Â
​ISSUERS OF HEALTH COVERSÂ
 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
  ARTICLES ON  Â
​INSURANCE           LIFE INSURANCE          HEALTH INSURANCE          VEHICLE INSURANCE      HOUSEHOLD INSURANCE
                                   Â
 SMALL FINANCE BANKS      PAYMENT  BANKS      UNIFIED  PAYMENT INTERFACE             BHARAT BILL PAYMENT SYSTEM  Â
                         BHIM APP                                                AADHARÂ
​INSURANCE           LIFE INSURANCE          HEALTH INSURANCE          VEHICLE INSURANCE      HOUSEHOLD INSURANCE
                                   Â
 SMALL FINANCE BANKS      PAYMENT  BANKS      UNIFIED  PAYMENT INTERFACE             BHARAT BILL PAYMENT SYSTEM  Â
                         BHIM APP                                                AADHARÂ