TOÂ READ THE ARTICLE ON HEALTH INSURANCEÂ Â , CLICK HEREÂ
(CORONAVIRUS ) COVID INSURANCE IN INDIA
IRDAIÂ ASKS INSURERS TO OFFERÂ RENEWAL OF COVID POLICIESÂ UP TO 30.09.2022 :Â
Dated 29.03.2022 : IRDAI had introduced two short term covid specific policies called Covid Kavach and Covid Rakshak  . Â
 ( For the details of each policy   , click on them ) .  Now IRDAI has advised the insurance companies  to offer and permit renewal of both the policies till  30th , September 2022 .Â
​ For Press Release dated 28.03.2022 in this regard , CLICK HEREÂ
Dated 29.03.2022 : IRDAI had introduced two short term covid specific policies called Covid Kavach and Covid Rakshak  . Â
 ( For the details of each policy   , click on them ) .  Now IRDAI has advised the insurance companies  to offer and permit renewal of both the policies till  30th , September 2022 .Â
​ For Press Release dated 28.03.2022 in this regard , CLICK HEREÂ
 IRDAI ASKS INSURERS TO OFFER RENEWAL OF COVID POLICIES :Â
Dated 11.05.2021 : IRDAI had introduced two short term covid specific policies called Covid Kavach and Covid Rakshak  . Â
Now IRDAI has received complaints from general public that some of the insurance companies are not allowing renewal of  the above covid related policies on maturity . Hence IRDAI has advised the insurance companies  to offer renewal of such policies without fail , as  the covid insurance is needed in this crucial period  , when  it's on peak .Â
​ For Press Release dated 10.05.2021 in this regard , CLICK HEREÂ
Dated 11.05.2021 : IRDAI had introduced two short term covid specific policies called Covid Kavach and Covid Rakshak  . Â
Now IRDAI has received complaints from general public that some of the insurance companies are not allowing renewal of  the above covid related policies on maturity . Hence IRDAI has advised the insurance companies  to offer renewal of such policies without fail , as  the covid insurance is needed in this crucial period  , when  it's on peak .Â
​ For Press Release dated 10.05.2021 in this regard , CLICK HEREÂ
NEW NORMS FOR RENEWAL , MIGRATION AND PORTABILITY OF CORONAÂ POLICIESÂ
​ 14.10.2020 :  Now Insurance Regulatory & Development Authority of India ( IRDAI ) has  framed norms for Renewal , Migration and Portability of Covid Policies Corona Kavach and Corona Rakshak as follows : Â
Renewal:
a)         ‘Corona Kavach’ and ‘Corona Rakshak’ policies of any tenure may be renewed for further terms of three and half months (3 ½ months), six and half months (6 ½ months) or nine and half months (9 ½ months) as per the option exercised by the policyholder. The renewal shall be subject to the underwriting policy of the insurer.
b)Â Â Â Â Â Â Â Â Â Renewals, if any, may be done before the expiry of the existing policy contract.
c)Â Â Â Â Â Â Â Â Â Where policy is renewed, additional waiting period of 15 days shall not be imposed and the coverage shall be continued seamlessly.
d)Â Â Â Â Â Â Â Â Â During renewal, sum insured may be allowed to be changed by the policyholder. For any increase in the sum insured, the waiting period shall start afresh only for the enhanced portion of the sum insured.
e)Â Â Â Â Â Â Â Â Â Corona Kavach and Corona Rakshak policies are permitted to be renewed till 31st March,2021Â Â
    Â
Migration:Â
a)Â Â Â Â Â Â Â Â Â In respect of Corona Kavach individual policies, insurers have the choice to offer migration to any other indemnity based health insurance product offered by them as per the option exercised by the policyholder.
b)Â Â Â Â Â Â Â Â Â In respect of Corona Kavach Group policies, insurers have the choice to provide migration to the members insured to any other individual indemnity based health policy at the point of exit of the member insured from the group policy or the cessation of coverage of the underlying group policy.
c)Â Â Â Â Â Â Â Â Â Where migration is allowed, the accrued gains of waiting period served in the existing Corona Kavach policy (Individual/Group) shall be protected in respect of coverage for Covid-19, in the migrated policy.
Portability:
General and Health Insurers are permitted to allow portability of Corona Kavach (individual) policy from one insurer to another. The accrued gains of waiting period served in the existing Corona Kavach policy shall be protected in respect of coverage of Covid-19, by the porting-in insurer.
   Where migration/portability from the Corona Kavach policy (Group/Individual, as applicable) is allowed by the insurers, such migration/portability to any other comprehensive health insurance policy shall be allowed, till the end of policy period of the existing Corona Kavach policy.
Renewal:
a)         ‘Corona Kavach’ and ‘Corona Rakshak’ policies of any tenure may be renewed for further terms of three and half months (3 ½ months), six and half months (6 ½ months) or nine and half months (9 ½ months) as per the option exercised by the policyholder. The renewal shall be subject to the underwriting policy of the insurer.
b)Â Â Â Â Â Â Â Â Â Renewals, if any, may be done before the expiry of the existing policy contract.
c)Â Â Â Â Â Â Â Â Â Where policy is renewed, additional waiting period of 15 days shall not be imposed and the coverage shall be continued seamlessly.
d)Â Â Â Â Â Â Â Â Â During renewal, sum insured may be allowed to be changed by the policyholder. For any increase in the sum insured, the waiting period shall start afresh only for the enhanced portion of the sum insured.
e)Â Â Â Â Â Â Â Â Â Corona Kavach and Corona Rakshak policies are permitted to be renewed till 31st March,2021Â Â
    Â
Migration:Â
a)Â Â Â Â Â Â Â Â Â In respect of Corona Kavach individual policies, insurers have the choice to offer migration to any other indemnity based health insurance product offered by them as per the option exercised by the policyholder.
b)Â Â Â Â Â Â Â Â Â In respect of Corona Kavach Group policies, insurers have the choice to provide migration to the members insured to any other individual indemnity based health policy at the point of exit of the member insured from the group policy or the cessation of coverage of the underlying group policy.
c)Â Â Â Â Â Â Â Â Â Where migration is allowed, the accrued gains of waiting period served in the existing Corona Kavach policy (Individual/Group) shall be protected in respect of coverage for Covid-19, in the migrated policy.
Portability:
General and Health Insurers are permitted to allow portability of Corona Kavach (individual) policy from one insurer to another. The accrued gains of waiting period served in the existing Corona Kavach policy shall be protected in respect of coverage of Covid-19, by the porting-in insurer.
   Where migration/portability from the Corona Kavach policy (Group/Individual, as applicable) is allowed by the insurers, such migration/portability to any other comprehensive health insurance policy shall be allowed, till the end of policy period of the existing Corona Kavach policy.
TREATÂ MAKE-SHIFT OR TEMPORARY HOSPITALS ASÂ Â REGULAR HOSPITALSÂ : IRDAIÂ
Dated 17.07.2020 :  Recently various state governments have permitted to build and operate make-shift hospitals or temporary hospitals   and operate them in view of surge of covid cases in India and lack of beds in regular hospitals . Now Insurance Regulatory & Development Authority of India ( IRDAI ) has advised the insurance companies to treat claims made under health policies  for the hospitalizations in such government permitted  temporary or make -shift hospitals as  hospitalization in regular hospitals  .  IRDAI has given  following instructions to the insurers :Â
​
a)Â Â Â Where a policyholder who is diagnosed as Covid-19 positive is admitted into any such make-shift or temporary hospital on the advice of a medical practitioner or appropriate Government authorities, notwithstanding the definition of hospital specified in the terms and conditions of policy contract, the treatment costs shall be settled by insurers.Â
 b)   Where any network provider has set up any such make-shift or temporary hospital, such make-shift or temporary hospital shall be regarded as the extension of the network provider and cashless facility shall be made available. Â
 Further  Insurers are advised to expedite settlement of all such claims in accordance to the applicable regulatory framework.
 To read IRDAI circular dated 16.07.2020 , CLICK HERE ​
Dated 17.07.2020 :  Recently various state governments have permitted to build and operate make-shift hospitals or temporary hospitals   and operate them in view of surge of covid cases in India and lack of beds in regular hospitals . Now Insurance Regulatory & Development Authority of India ( IRDAI ) has advised the insurance companies to treat claims made under health policies  for the hospitalizations in such government permitted  temporary or make -shift hospitals as  hospitalization in regular hospitals  .  IRDAI has given  following instructions to the insurers :Â
​
a)Â Â Â Where a policyholder who is diagnosed as Covid-19 positive is admitted into any such make-shift or temporary hospital on the advice of a medical practitioner or appropriate Government authorities, notwithstanding the definition of hospital specified in the terms and conditions of policy contract, the treatment costs shall be settled by insurers.Â
 b)   Where any network provider has set up any such make-shift or temporary hospital, such make-shift or temporary hospital shall be regarded as the extension of the network provider and cashless facility shall be made available. Â
 Further  Insurers are advised to expedite settlement of all such claims in accordance to the applicable regulatory framework.
 To read IRDAI circular dated 16.07.2020 , CLICK HERE ​
 COVID PATIENTS ARE ELIGIBLE FOR CASHLESS HOSPITALIZATION : IRDA Â
Dated 16.07.2020 : If you are having a health insurance  which allows hospitalization charges  with cashless facility , hospitals should provide you with the same cashless facility in case you are admitted on account of Covid-19 also .  The issue has been clarified by IRDAI vide their press release dated 14.07.2020 Â
​Insurance Regulatory & Development Authority of India ( IRDAI )  has received complaints from General public regarding refusal of cash-less facilities by some hospitals and hence the authority has issued the clarification . As per press release ,  "general and health insurance companies are expected to enter into agreements with public and private sector healthcare providers across the geographical spread. The list of the network providers (hospitals) with whom the insurance company has entered into a service level agreement shall be published in the websites of the insurers and TPAs (Third Party Administrators). Where such service level agreements (SLA) are entered with the Network Providers (hospitals), it is essential for all such hospitals to provide cashless facility for any treatment to the policyholders including Covid-19 treatment in accordance with agreed provisions of SLA and terms and conditions of policy contract. "
In case any hospital refuses such facility , you may complain to the Grievances cells of respective insurance companies or take up with IRDAI Â
via e-mail : complaints@irdai.gov.in  or call toll-free tele. no : 155255 or 18004254 732   or through  Integrated Grievance Management System (IGMS) at the websiteÂ
Dated 16.07.2020 : If you are having a health insurance  which allows hospitalization charges  with cashless facility , hospitals should provide you with the same cashless facility in case you are admitted on account of Covid-19 also .  The issue has been clarified by IRDAI vide their press release dated 14.07.2020 Â
​Insurance Regulatory & Development Authority of India ( IRDAI )  has received complaints from General public regarding refusal of cash-less facilities by some hospitals and hence the authority has issued the clarification . As per press release ,  "general and health insurance companies are expected to enter into agreements with public and private sector healthcare providers across the geographical spread. The list of the network providers (hospitals) with whom the insurance company has entered into a service level agreement shall be published in the websites of the insurers and TPAs (Third Party Administrators). Where such service level agreements (SLA) are entered with the Network Providers (hospitals), it is essential for all such hospitals to provide cashless facility for any treatment to the policyholders including Covid-19 treatment in accordance with agreed provisions of SLA and terms and conditions of policy contract. "
In case any hospital refuses such facility , you may complain to the Grievances cells of respective insurance companies or take up with IRDAI Â
via e-mail : complaints@irdai.gov.in  or call toll-free tele. no : 155255 or 18004254 732   or through  Integrated Grievance Management System (IGMS) at the websiteÂ
COVID KAVACH & COVID RAKSHAK
IRDAI INTRODUCESÂ TWO NEW POLICIES COVERING COVID -19 TO BE ISSUED BY ALL HEALTH INSURERSÂ
28.06.2020 :  Presently  Insurance Regulatory & Development Authority of India ( IRDAI ) has permitted insurance companies to issue  COVID – 19 specific short term health insurance policies subject to certain guidelines. . It had also asked insurance companies to consider claims for Corona Hospitalization expeditiously under the existing indemnity based Health insurance policies  . Â
 Corona pandemic is spreading speedily in various parts of the country and the daily additions  now is around 18,000 per day  . The cost of treatment covid -19 is also escalating in private hospitals . Though each state government is fixing the maximum charges  a hospital can charge  for beds , ICU , ventilators and other charges , the total cost for covid-19 management will be daunting even to the middle class families . Hence more people are covering themselves and their families with health insurance . A recent report suggests  spike in premium collection for health insurance in recent months .Â
​ Now  in order to bring a  standard short term insurance covering Covid -19 , Insurance Regulatory & Development Authority of India ( IRDAI ) has come out now  with two  new schemes covering Corona  which are  to be mandatorily  issued by all insurance companies licensed to issue health policies . The policy with basic cover of indemnity is called CORONA KAVACH POLICY . Though Plan will have common features , premiums can be decided by individual insurance companies .  The other policy CORONA RAKSHAK POLICY  provides lump sum cash on diagnosis of covid and hospitalization .Â
​The prime objective of the policies is to provide basic health insurance for general public with transparent common  features in case one faces Covid -19  .Â
The policy will be issued by 10th, July , 2020 by all the general / health insurers . ​Â
For complete details of Corona KAVACH  Policy ,  CLICK HERE Â
For complete details of Corona RAKSHAK  Policy ,  CLICK HEREÂ
28.06.2020 :  Presently  Insurance Regulatory & Development Authority of India ( IRDAI ) has permitted insurance companies to issue  COVID – 19 specific short term health insurance policies subject to certain guidelines. . It had also asked insurance companies to consider claims for Corona Hospitalization expeditiously under the existing indemnity based Health insurance policies  . Â
 Corona pandemic is spreading speedily in various parts of the country and the daily additions  now is around 18,000 per day  . The cost of treatment covid -19 is also escalating in private hospitals . Though each state government is fixing the maximum charges  a hospital can charge  for beds , ICU , ventilators and other charges , the total cost for covid-19 management will be daunting even to the middle class families . Hence more people are covering themselves and their families with health insurance . A recent report suggests  spike in premium collection for health insurance in recent months .Â
​ Now  in order to bring a  standard short term insurance covering Covid -19 , Insurance Regulatory & Development Authority of India ( IRDAI ) has come out now  with two  new schemes covering Corona  which are  to be mandatorily  issued by all insurance companies licensed to issue health policies . The policy with basic cover of indemnity is called CORONA KAVACH POLICY . Though Plan will have common features , premiums can be decided by individual insurance companies .  The other policy CORONA RAKSHAK POLICY  provides lump sum cash on diagnosis of covid and hospitalization .Â
​The prime objective of the policies is to provide basic health insurance for general public with transparent common  features in case one faces Covid -19  .Â
The policy will be issued by 10th, July , 2020 by all the general / health insurers . ​Â
For complete details of Corona KAVACH  Policy ,  CLICK HERE Â
For complete details of Corona RAKSHAK  Policy ,  CLICK HEREÂ
SHORT TERM COVID INSURANCE
IRDAIÂ PERMITSÂ INSURANCE COS TO ISSUEÂ SHORT TERMÂ COVID 19 INSURANCEÂ
Dated 23.06.2020 :   In view of the present scenario  in the wake of spread of pandemic COVID-19 and need for specific policy , Insurance Regulatory & Development Authority of India ( IRDAI ) has today permitted insurance companies to issue  COVID – 19 specific short term health insurance policies subject to these guidelines. :Â
 1.     Short term health insurance policies are permitted to be devised offering health insurance cover specific to only COVID-19 which can     be offered both as individual or group products.   They can be issued for a minimum term of three months to a maximum term of eleven months. In between three months and eleven months, the policy term shall be in multiples of completed months.   A policy term less than three months is not permitted.
 2.  If the  term of policy is fixed as 12 months, the same is not considered as short term health policy. Â
3.   Optional covers that enhance the health insurance coverage are permitted to be offered for the same policy duration.  But     No separate add-ons are permitted.
 4.   Waiting period cannot exceed fifteen days.Â
5. Life insurers are permitted to offer only benefit based short term health insurance policies.   General and Health Insurers are permitted to offer both indemnity based and benefit based short term health insurance policies. Â
6 .  Lifelong renewability, migration and portability are not applicable to the short term health policies offered by general and health insurers.
7.  These guidelines will remain valid for issue of short term policies till 31st March, 2021 unless extended further.
​Now we have to wait for insurance companies to respond and come out with the new short term products for Covid -19  . As and whem the insurance companies come out , we shall update you .Â
​
To read IRDAI Press Release dated 23.06.2020 , CLICK HERE ​
Dated 23.06.2020 :   In view of the present scenario  in the wake of spread of pandemic COVID-19 and need for specific policy , Insurance Regulatory & Development Authority of India ( IRDAI ) has today permitted insurance companies to issue  COVID – 19 specific short term health insurance policies subject to these guidelines. :Â
 1.     Short term health insurance policies are permitted to be devised offering health insurance cover specific to only COVID-19 which can     be offered both as individual or group products.   They can be issued for a minimum term of three months to a maximum term of eleven months. In between three months and eleven months, the policy term shall be in multiples of completed months.   A policy term less than three months is not permitted.
 2.  If the  term of policy is fixed as 12 months, the same is not considered as short term health policy. Â
3.   Optional covers that enhance the health insurance coverage are permitted to be offered for the same policy duration.  But     No separate add-ons are permitted.
 4.   Waiting period cannot exceed fifteen days.Â
5. Life insurers are permitted to offer only benefit based short term health insurance policies.   General and Health Insurers are permitted to offer both indemnity based and benefit based short term health insurance policies. Â
6 .  Lifelong renewability, migration and portability are not applicable to the short term health policies offered by general and health insurers.
7.  These guidelines will remain valid for issue of short term policies till 31st March, 2021 unless extended further.
​Now we have to wait for insurance companies to respond and come out with the new short term products for Covid -19  . As and whem the insurance companies come out , we shall update you .Â
​
To read IRDAI Press Release dated 23.06.2020 , CLICK HERE ​
IRDAI ASKS INSURANCE COS TO AUTHORIZE IN TWO HOURS FOR COVID 19Â
Dated 19.04.2020 :   In view of the present scenario  in the wake of spread of pandemic COVID-19 , Insurance Regulatory & Development Authority of India ( IRDAI ) has asked insurance companies to expeditiously handle  health insurance claims pertaining to COVID -19 as follows  :Â
1.  Decision on authorization for cashless treatment shall be communicated to the network provider (hospital) within two hours from the time of receipt of authorization request and last necessary requirement from the hospital either to the insurer or to the TPA whichever is earlier.
 2. Decision on final discharge shall be communicated to the network provider within two hours from the time of receipt of final bill and last necessary requirement from the hospital either to the insurer or to the TPA whichever is earlier.
Further insurance companies have been aked to intimate the instructions to their TPAs also .Â
​
To read IRDAI Press Release dated 18.04.2020 , CLICK HERE ​
Dated 19.04.2020 :   In view of the present scenario  in the wake of spread of pandemic COVID-19 , Insurance Regulatory & Development Authority of India ( IRDAI ) has asked insurance companies to expeditiously handle  health insurance claims pertaining to COVID -19 as follows  :Â
1.  Decision on authorization for cashless treatment shall be communicated to the network provider (hospital) within two hours from the time of receipt of authorization request and last necessary requirement from the hospital either to the insurer or to the TPA whichever is earlier.
 2. Decision on final discharge shall be communicated to the network provider within two hours from the time of receipt of final bill and last necessary requirement from the hospital either to the insurer or to the TPA whichever is earlier.
Further insurance companies have been aked to intimate the instructions to their TPAs also .Â
​
To read IRDAI Press Release dated 18.04.2020 , CLICK HERE ​
YOUR REGULARÂ HEALTH INSURANCE POLICY COVERSÂ CORONAVIRUSÂ HOSPITALIZATIONS ALSOÂ
18.04 .2020 :   Insurance Regulatory and Development Authority of India ( IRDAI ) had asked all health insurance companies to expeditiously handle claims  submitted for Corona Virus cases ( CO VID 19 ) under health insurance policies covering hospitalization . Following are the guidelines issued by IRDAI on 04.03.2020 :Â
"
 i)    Where hospitalization is covered in a product, insurers shall ensure that the cases related to Corona virus disease (COVID-19) shall be expeditiously handled.
  ii)    The costs of admissible medical expenses during the course of treatment including the treatment during quarantine period shall be settled in accordance to the applicable terms and conditions of policy contract and the extant regulatory framework.
   iii)    All the claims reported under COVID 19 shall be thoroughly reviewed by the claims review committee before repudiating the claims.
  In order to provide need based health insurance coverage, insurers are introducing products for various specific diseases including vector borne diseases. For the purpose of meeting health insurance requirements of various sections, insurers are advised to design products covering the costs of treatment for Corona Virus.   "Â
To read Circular of IRDAI  dated 04.03.2020   , CLICK HERE  Â
In terms of the above circular , any claim for hospitalization  on account of coronavirus must be settled by insurance companies  just like any other hospitalization . However in terms of above IRDAI guidelines , some of the Health insurance have come out with exclusive insurance policies  for COVID 19 only  with fixed covers  AND HOPITALIZATION IS NOT NECESSARY  FOR MAKING CLAIMS . But the insured amount is small and fixed and one needs regular health insurance  in case hospitalization is to be covered .   We have listed two such policies for your perusalÂ
18.04 .2020 :   Insurance Regulatory and Development Authority of India ( IRDAI ) had asked all health insurance companies to expeditiously handle claims  submitted for Corona Virus cases ( CO VID 19 ) under health insurance policies covering hospitalization . Following are the guidelines issued by IRDAI on 04.03.2020 :Â
"
 i)    Where hospitalization is covered in a product, insurers shall ensure that the cases related to Corona virus disease (COVID-19) shall be expeditiously handled.
  ii)    The costs of admissible medical expenses during the course of treatment including the treatment during quarantine period shall be settled in accordance to the applicable terms and conditions of policy contract and the extant regulatory framework.
   iii)    All the claims reported under COVID 19 shall be thoroughly reviewed by the claims review committee before repudiating the claims.
  In order to provide need based health insurance coverage, insurers are introducing products for various specific diseases including vector borne diseases. For the purpose of meeting health insurance requirements of various sections, insurers are advised to design products covering the costs of treatment for Corona Virus.   "Â
To read Circular of IRDAI  dated 04.03.2020   , CLICK HERE  Â
In terms of the above circular , any claim for hospitalization  on account of coronavirus must be settled by insurance companies  just like any other hospitalization . However in terms of above IRDAI guidelines , some of the Health insurance have come out with exclusive insurance policies  for COVID 19 only  with fixed covers  AND HOPITALIZATION IS NOT NECESSARY  FOR MAKING CLAIMS . But the insured amount is small and fixed and one needs regular health insurance  in case hospitalization is to be covered .   We have listed two such policies for your perusalÂ
Star Novel Coronavirus (nCoV) (COVID-19) Insurance Policy (Pilot Product)Â Â :Â
​1. Individual PolicyÂ
2. Eligibility : 18 years to 65 years Â
3. Pre -medical test : Not requiredÂ
4. Insured Amount : Rs 21,000  / Rs 42,000
5Â Â Premium :Â Rs 459 / Rs 918Â +Â GSTÂ
6. Waiting Period : 16 DaysÂ
7. The Company shall not be liable to make any payment under this Policy:-
1. If there is no In-patient Hospitalization irrespective of whether quarantined or not.
2. For Any Illness, sickness or disease other than Novel Coronavirus (nCoV) (COVID-19);
3. Any claim with respect to Novel Coronavirus (nCoV) (COVID-19) contracted or
manifested or the onset of diseases is prior to Commencement date of this policy
or during the waiting period. Â
For further details and complete terms & conditions , visit Star Health  & Allied Insurance co LtdÂ
ICICI LOMBARD  Covid 19 Protection Cover Â
1. Individual PolicyÂ
2. Eligibility : 18 years to 75 years Â
3. Pre -medical test : Not requiredÂ
4. Insured Amount : Rs 25,000
5Â Â Premium :Â Â Rs 149Â + GST
6.  Waiting Period : 14 Days  Â
7 . Additional Coverage :Â
Tele Consultation: 4 free calls to take any consultation with certified medical practitioners available on call 24 hrs., 365 days
Ambulance Assistance: We will provide assistance in arranging for an ambulance in case of any medical need. The service can be availed unlimited number of times. The cost of transportation will have to be borne by the insured. Â
8. The Company shall not be liable to make any payment under this Policy:-
1. If there is no In-patient Hospitalization irrespective of whether quarantined or not.
2. For Any Illness, sickness or disease other than Novel Coronavirus (nCoV) (COVID-19);
3. Any claim with respect to Novel Coronavirus (nCoV) (COVID-19) contracted or
manifested or the onset of diseases is prior to Commencement date of this policy
or during the waiting period. Â
 For further details and complete terms & conditions  , CLICK HEREÂ
1. Individual PolicyÂ
2. Eligibility : 18 years to 75 years Â
3. Pre -medical test : Not requiredÂ
4. Insured Amount : Rs 25,000
5Â Â Premium :Â Â Rs 149Â + GST
6.  Waiting Period : 14 Days  Â
7 . Additional Coverage :Â
Tele Consultation: 4 free calls to take any consultation with certified medical practitioners available on call 24 hrs., 365 days
Ambulance Assistance: We will provide assistance in arranging for an ambulance in case of any medical need. The service can be availed unlimited number of times. The cost of transportation will have to be borne by the insured. Â
8. The Company shall not be liable to make any payment under this Policy:-
- Any travel history post Dec 31, 2019, to any affected area overseas
- Any history of quarantine or diagnosis with COVID-19 prior to the risk inception or within the waiting period of 14 days
- Any claim within first 14 days after policy inception
1. If there is no In-patient Hospitalization irrespective of whether quarantined or not.
2. For Any Illness, sickness or disease other than Novel Coronavirus (nCoV) (COVID-19);
3. Any claim with respect to Novel Coronavirus (nCoV) (COVID-19) contracted or
manifested or the onset of diseases is prior to Commencement date of this policy
or during the waiting period. Â
 For further details and complete terms & conditions  , CLICK HEREÂ
FORÂ THE LIST OF HEALTH INSURANCE COMPANIES AND THEIR WEBSITESÂ Â , CLICK HEREÂ
NEW ARTICLEÂ Â Â Â Â
                  HEALTH INSURANCE PLANS 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
​​
                  HEALTH INSURANCE PLANS 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
​​
NEW INSURANCEÂ POLICY IN THEÂ OFFINGÂ Â :Â Â
   AROGYA SANJEEVANI PLAN    Standard Policy issued by all insurers     5 % Co-pay  . Rs 5 .00 Lakh cover       Standard Terms & conditions       will be operational  by APRIL 2020 ​ |
​
      New Updated Article         TAX PLANNING FOR FY 2020-21 ( AY 2021-22 ) Comprehensive  Article on Income tax changes in Rules, Rates , Slabs , Rebates  and Estimation CLICK HERE TO READ   |
HEALTH INSURANCE PLANSÂ FOR SENIOR CITIZENSÂ
WITH OR WITHOUT ENTRY AGE RESTRICTIONÂ Â TOÂ READ THE ARTICLE CLICK HEREÂ |
​INVESTMENT OPTIONS FOR SENIOR CITIZENSÂ
CLICK HERE TO READ |
NEWÂ BLOGÂ ARTICLE ONÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
                              HEALTH INSURANCE OPTIONS FOR RETIRED BANKERSÂ
​
The article explores the alternative avenues for existing health insurance group policy for Retired BankersÂ
TO READ THE ARTICLE                              CLICK HERE ​
                              HEALTH INSURANCE OPTIONS FOR RETIRED BANKERSÂ
​
The article explores the alternative avenues for existing health insurance group policy for Retired BankersÂ
TO READ THE ARTICLE                              CLICK HERE ​
BLOGÂ ARTICLE ONÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
                             RETIRED BANKERS AND HEALTH INSURANCEÂ
The article is about a recent development in which insurance company which was hitherto insuring health of retiree bankers  through a Group insurance policy , is said to have proposed increased in the cost up to 150 % . . Elderly bankers with meager pensions are unable to meet the cost and are perplexed not knowing what to do . In this circumstance , the article looks in to possible solutions to the problem .Â
TO READ THE ARTICLE                              CLICK HERE ​
                             RETIRED BANKERS AND HEALTH INSURANCEÂ
The article is about a recent development in which insurance company which was hitherto insuring health of retiree bankers  through a Group insurance policy , is said to have proposed increased in the cost up to 150 % . . Elderly bankers with meager pensions are unable to meet the cost and are perplexed not knowing what to do . In this circumstance , the article looks in to possible solutions to the problem .Â
TO READ THE ARTICLE                              CLICK HERE ​
NEW ARTICLE PUBLISHEDÂ Â Â Â :Â Â Â Â Â Â Â Â Â Â Â Â Â Â
​                      PLANNING FOR CONTINGENCIES Â
​                                                         CLICK HERE TO READ ​
​                      PLANNING FOR CONTINGENCIES Â
​                                                         CLICK HERE TO READ ​
 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
      Â
​e-INSURANCE  Account (  eIA  )                                 SWIFT ​
                                   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
      Â
​e-INSURANCE  Account (  eIA  )                                 SWIFT ​