Corona Rakshak Policy, SHRIRAM LIFE INSURANCE COMPANY
Presenting Corona Rakshak Policy by Shriram Life Insurance Company, an exclusive fixed benefit COVID – 19 plan. This plan provides a lump sum benefit in case you are diagnosed with COVID-19 and hospitalized due to it. The plan pays 100% of the Sum Insured, no questions asked, as long as the specified conditions are met.
Lump sum benefit equal to 100% of the Sum Insured shall be payable on positive diagnosis of COVID, requiring hospitalization for a minimum continuous period of 72 hours. The positive diagnosis of COVID shall be from a government authorized diagnostic centre.
Payment will be made only on Hospitalisation for a minimum continuous period of 72 hours following positive diagnosis for COVID.
This is onetime benefit applicable for the entire tenure of the Policy and shall terminate upon payment of this benefit.
There is no maturity benefit under this plan.
There is no death benefit under this plan.
The Company shall not be liable for any claim arising for COVID within 15 days from the first policy commencement date.
3.5 months, 6.5 months or 9.5 months
PREMIUM PAYMENT TERM
For more details on the risk factors and the terms and conditions please read the sales brochure and/or sample policy document on our website carefully and/or consult our advisor before concluding the sale
Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits
Read the policy document here