Corona Rakshak Policy by Shriram Life (DISCONTINUED / WITHDRAWN PLAN)
What is Shriram Life Corona Rakshak Policy?
Shriram Life Corona Rakshak Policy (UIN: 128N073V01) financially protects you from COVID-19 by supporting you in all your medical expenditure.
- Buy the Shriram Life Corona Rakshak Policy in just four simple steps
- Protect yourself from the COVID-19 pandemic
- Choose between multiple policy terms
- Faster and hassle-free claim settlements
- Claim tax benefits
Product Type
Protection Plans
Policy Term
3.5 months, 6.5 months or 9.5 months
Sum Assured
₹50,000 to ₹2,50,000 (in multiples of 50,000 only)
Maturity Age
65 years
Features and Benefits of the Shriram Life Corona Rakshak Policy
Lump Sum Benefits
Receive lump sum benefits equal to 100% of the sum assured.
Tax Benefits
Claim tax benefits as per the income tax law.
One-Time Premium
Pay the premium only a single time.
Multiple Policy Terms
Choose your preferred policy term from the option available.
Old Age Cover
Even at the age of 65, you can get coverage to protect your future.
Affordable Premiums
Premiums under the Shriram Life Corona Rakshak Policy are highly affordable.
How to Claim for Shriram Life Corona Rakshak Policy
You can submit death claims, disability claims, cancer care claims and critical Illness claims for your Shriram Life Corona Rakshak Policy online on our website by following simple steps provided below.
Step 01
Come to the claim center, select intimate claim Button
Step 02
Choose in the dropdown Request Type - death
Step 03
Fill the details of insurer, death event, details of doctor who declared death
(Doctor -Non mandatory)Step 04
Fill the personal and bank details of claimants and upload the documents
Documents to be uploaded
- Death Certificate issued by Local Body/Municipal Body
- Nominee bank passbook
- Postmortem report
- Claim form B
- Claim form A
- Policy Document
- Hospital Summary/Hospital records
- Nominee ID proof (ID proof /address Proof)
- FIR/ Panchnama/ Inquest Report and final investigation report
- Upload Signature of claimant
- Copy of driving license if Life Assured was driving the vehicle at the time of accident (applicable if Rider is opted)
- Claims form C and E wherever applicable
Eligibility and Documents Required for Shriram Life Corona Rakshak Policy
| Age Criteria | Minimum: 18 years (age last birthday) Maximum: 65 years (age last birthday) |
|---|---|
| Policy Term | 3.5 months, 6.5 months or 9.5 months (includes waiting period) |
| Premium Paying Term | Single payment in lump sum |
| Sum Assured | Minimum: ₹50,000 Maximum: ₹2,50,000 (in multiples of 50,000 only) |
What does the Corona Rakshak Policy cover?
Corona Rakshak Policy financially protects the insured person in case s/he is diagnosed with COVID-19. In case of a positive diagnosis of COVID-19, the policy covers all the expenses associated with the medical treatment of the insured person.
What does the Corona Rakshak Policy not cover?
Expenses that are primarily related to diagnostic and evaluation purposes are not covered under this policy. Also, any diagnostic expenses that are not related or incidental to the current treatment or diagnosis are excluded. Expenses related to testing that is not authorised by the government will also be excluded
Download Documents for Shriram Life Corona Rakshak Policy
All policy-related documents are easily available online on the website for the comfort and ease of all our customers. You can simply visit our website www.shriramlife.com. go to the download section on the policy page and download the policy document, brochure and presentation.
Frequently Asked Questions
When will claims be settled under the Shriram Life Corona Rakshak Policy?
Under the Corona Rakshak Policy, Shriram Life Insurance will settle your claim within 30 days
from the date of receipt of the last necessary document. If there is a delay in the payment of
your claim, the company shall be liable to pay interest at 2% above the bank rate. The interest
will be paid from the date of receipt of the last necessary document till the date of payment of
the claim.
When does the corona insurance plan obtain surrender value?
The corona insurance plan does not obtain any surrender value.
Is the paid-up value applicable to the corona insurance plan?
The paid-up value does not apply to the corona insurance plan.
Will I be paid benefits under the Shriram Life Corona Rakshak Policy outside India?
The benefits under the Shriram Life Corona Rakshak Policy are only payable within the territories of India.
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