THE ORIENTAL INSURANCE COMPANY LIMITED

Regd.Office: Oriental House,P.B.No.7037,A-25/27,Asaf Ali Road, New Delhi-110 002

CIN No. U66010DL1947GOI007158

CORONA KAVACH POLICY- ORIENTAL INSURANCE

PREMIUM CHART

INDIVIDUAL PLAN : BASE COVER (INR)

S.No. Sum For 9,1/2 Months For 6,1/2 Months For 3,1/2 Months
Insured Age in completed
(INR) years* Age in completed years* Age in completed years*
Upto Above Above Above
40 41-60 60 Upto 40 41-60 60 Upto 40 41-60 60
1 50,000 257 343 514 208 277 416 127 170 254
2 1,00,000 434 579 868 351 468 701 215 286 429
3 1,50,000 595 793 1189 481 641 961 294 392 588
4 2,00,000 743 990 1485 600 800 1200 367 490 735
5 2,50,000 876 1168 1752 708 944 1416 433 578 867
6 3,00,000 932 1243 1864 753 1005 1507 461 615 923
7 3,50,000 1061 1414 2122 857 1143 1715 525 700 1050
8 4,00,000 1125 1500 2250 909 1212 1819 557 742 1113
9 4,50,000 1246 1661 2491 1007 1342 2013 616 822 1233
10 5,00,000 1286 1714 2572 1039 1386 2078 636 848 1272
Taxes as applicable shall be extra.
INDIVIDUAL PLAN : ADD-ON DAILY HOSPITAL CASH (INR)
S.No. Sum For 9,1/2 Months For 6,1/2 Months For 3,1/2 Months
Insured Age in completed
(INR) years* Age in completed years* Age in completed years*
Upto Above Above Above
40 41-60 60 Upto 40 41-60 60 Upto 40 41-60 60
1 50,000 12 16 23 9 13 19 6 8 12
2 1,00,000 23 31 47 19 25 38 12 15 23
3 1,50,000 35 47 70 28 38 57 17 23 35
4 2,00,000 47 62 93 38 50 75 23 31 46
5 2,50,000 58 78 117 47 63 94 29 38 58
6 3,00,000 70 93 140 57 75 113 35 46 69
7 3,50,000 82 109 163 66 88 132 40 54 81
8 4,00,000 93 124 186 75 100 151 46 61 92
9 4,50,000 105 140 210 85 113 170 52 69 104
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10 5,00,000 117 155 233 94 126 188 58 77 115

The Oriental Insurance Company Ltd. Corona Kavach Policy-Oriental Insurance

UIN: OICHLIP21063V012021
Premium Chart
 Taxes as applicable shall be extra.
*Means the age completed as on the date of the policy inception/renewal. So, for a person aged 40 years
and 364 days , completed age would be charged on the age of 40 years, not that of 41 years.

PREMIUM CALCULATION FOR FAMILY FLOATER PLAN:

A sum insured wise floater discount will be provided to opt the covers under family floater plan.
The defined range of floater discounts is tabulated below:
Table A: Sum Insured wise floater discount:
Sum Insured (INR) Discount
50000 90%
100000 90%
150000 85%
200000 80%
250000 75%
300000 75%
350000 75%
400000 60%
450000 60%
500000 60%

 Office premium for the family floater plan is calculated by considering a member as ‘primary
member’ – one with the highest age-wise premium (Even when more than one person in a
family is eligible as a primary member, only one will be considered as primary member)
 Premium for the Floater cover = 100% of Applicable premium for one primary member +
(applicable discount % for Floater SI defined in Table-A) * (Sum of applicable premium for
other members of the family (other than primary member))
An Illustrative Example for floater premium calculation is cited below for understanding:
Let a family of 6 members want to insure under the proposed product with the following details:
Opted SI 5,00,000
Opted Add On Daily Hospital Cash
Term of policy opted 9 ½ months
Family Composition Age category No of members
Lower Category 2
Base Category 2
2

Higher Category 2
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The Oriental Insurance Company Ltd. Corona Kavach Policy-Oriental Insurance

UIN: OICHLIP21063V012021
Premium Chart
 Then, the applicable Sum Insured Floater Discount = 60%; and the per person premium rate is
calculated as shown under in the table:
Table: B
Age Category Age Wise Base Cover Hospital Daily Total
Discount(A) (A*Base Premium of cash (A*Base Premium Premium
Individual plan Base of Individual plan Per
Cover for 9 1/2 Hospital Daily cash for 9
Months) 1/2 Months) Person

Applicable Lower Category 75% 1286 117 1402

premium Base Category 100% 1714 155 1870
Higher Category 150% 2572 233 2805
(In INR)
From the above table, we can see that the premium for primary member = INR 2,805 Premium
for members other than primary member is done in the following table:
Table: C

Premium for No of persons Applicable Applicable Premium after

other members (A) premium Per Premium discount (60%
(other than Person(B) (A*B) discount)
primary member)
Lower Category 2 1402 2805 1122
Base Category 2 1870 3740 1496
Higher Category 1 2805 2805 1122
Total 3740

So, the total floater premium for 285 days tenure = Primary member premium + premium for other
member = Rs. 2,805+ Rs.3,740 = Rs. 6,544/-

DISCOUNTS:

1. Health Care Worker Discount: A flat discount of 5% in premium for health care workers
as defined in the product wordings.
2. Digital Discount: 5 % Discount If policy taken Online where no intermediary is involved.
3. TPA Service Discount: 5.5% if TPA services not opted for.

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The Oriental Insurance Company Ltd. Corona Kavach Policy-Oriental Insurance

UIN: OICHLIP21063V012021
Premium Chart