HomePersonal Finance NewsCorona Kavach, Corona Rakshak health policies: Here's a comparison of premiums offered by insurance companies

Corona Kavach, Corona Rakshak health policies: Here's a comparison of premiums offered by insurance companies

The health and general insurance companies have recently launched two standard COVID-19 health insurance policies -- Corona Kavach and Corona Rakshak.

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By Anshul  July 15, 2020, 4:38:17 PM IST (Published)

Corona Kavach, Corona Rakshak health policies: Here's a comparison of premiums offered by insurance companies
The health and general insurance companies have recently launched two standard COVID-19 health insurance policies -- Corona Kavach and Corona Rakshak. While Corona Kavach is a standard indemnity-based COVID-19 policy, Corona Rakshak is a fixed benefit plan.


The insurers have announced the launch of the Corona Kavach policies for three -and-a-half months; six-and-a-half months and nine-and-a-half months with sum insured ranging from Rs 50,000 to Rs 5 lakh (in multiples of Rs 50,000).

According to experts, Corona Kavach should be bought to get additional coverage for PPE kits and other essential consumables which may not be covered in existing policies.

These policies have common coverage across the industry. However, there are some difference in the way insurers have priced the product.

Here's a comparison of Corona Kavach policy's premiums across different companies, according to Policybazaar:









































Corona Kavach - Age: 30-year-old Individual
InsurerPlan NameDurationSum InsuredAnnual Premium
Bajaj AllianzBajaj Allianz Corona Kavach6.5 MonthsRs 5,00,000Rs 1,056
United IndiaUnited India Corona Kavach6.5 MonthsRs 5,00,000Rs 1,140
Oriential InsuranceOriential Insurance Corona Kavach6.5 MonthsRs 5,00,000Rs 1,039
IFFCO TokioIFFCO Tokio Corona Kavach6.5 MonthsRs 5,00,000Rs 1,324


Meanwhile, under Corona Rakshak policy, if someone is diagnosed with COVID-19 and hospitalised for three days, then a fixed amount (which is sum insured) will be paid by the insurers.

Here's a comparison of Corona Rakshak policy's premiums across different companies, according to Policybazaar:






































Corona Rakshak - Age: 40-year-old Individual and Sum Insured: Rs. 2.5 Lakh
InsurerPlan NameDurationAnnual PremiumDurationAnnual Premium
Star Health and Allied InsuranceStar Health and Allied Insurance Corona Rakshak 3.5 MonthsRs 3,846 9.5 MonthsRs 5,192
Future Generali InsuranceFuture Generali Insurance Corona Rakshak 3.5 MonthsRs 5109.5 monthsRs 1,079,
Universal Sompo General InsuranceUniversal Sompo General Insurance Corona Rakshak 3.5 MonthsRs 5779.5 monthsRs 1,635
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