The policy provides lump-sum benefit of 21, 000/- and 42,000 for the person contracted and is diagnosed with Novel Coronavirus (nCoV) (COVID-19) requiring Hospitalization.
Sum Insured Options : 21,000/- and 42,000/- on Individual basis.
Waiting Period : 16 days
The company shall not be liable to make any payment under this policy:-
Pre-Acceptance Medical Screening: No pre-acceptance medical screening
Policy: Only one policy is allowed for one person
Tax Benefit: Amount paid by any mode other than by cash for this insurance is eligible for relief under Section 80D of the Income Tax Act.
Free Look Period:
At the time of inception of the policy, the Insured will be allowed a period of 15 days from the date of receipt of the policy to review the terms and conditions of the policy and to return the policy if not acceptable. In such a case, the premium refund shall be as follows :
If the Insured has not made any claim during the free look period, the Insured shall be entitled to –
Free look period shall not be applicable at the time of renewal