Protect Yourself from COVID-19 With the Shriram Life Corona Rakshak Policy
Premium Components of Shriram Life Corona Rakshak Policy
Shriram Life Insurance's Shriram Life Corona Rakshak Policy includes the following premium components:
Covid Hospitalisation Coverage
You will be eligible for this cover during the entire policy tenure you selected. If you are affected by Covid-19 and require hospitalisation, you can claim the sum assured amount by submitting proper proof.
This proof includes Covid-19 test results issued by a government-authorised healthcare centre stating a 'positive' result.
The hospitalisation duration should be at least a minimum of 72 hours or higher than that for this coverage to come into effect.
The minimum sum assured is ₹50,000 and the maximum amount is ₹2.50,000. You can use this amount to pay your hospital bills without worries and focus on recovering as soon as possible.
- The risk period under which the policy stays active from the date of purchase is 3.5, 6.5, or 9.5 months with a single-term premium payment. Under this entire policy tenure, you will be eligible to cover your Covid-19 hospitalisation costs once.
- The Shriram Life Corona Rakshak Policy doesn't offer death coverage during the policy tenure, even if it's because of Covid-19. Similarly, there are no maturity benefits or return of premium payments at the end of the policy.
- You will not be able to instantly claim the hospitalisation benefits after purchasing the Corona Rakshak Policy. This is because there is a waiting period of 15 days from the date of commencement of the policy. After this, the policy will be active till the end of the tenure.
- The Shriram Life Corona Rakshak Policy doesn't offer enhanced rider protection as it covers specific illness hospitalisation expenses.