|Type of Insurance||Health Insurance|
Whatever the cost of your hospital, the insurance firm can pay the entire amount for the take a look at positive for Covid-19 at any government authorized center.
ICICI Corona Kavach Policy
The insurance quantity will be paid in a lump sum in case of the first detection of the illness during the term of the policy. However, an initial waiting period of 14 days will be applied to this.
The company will continue to offer ‘no claim bonus even in the case of the Covid-19 claim. The additional Sum Insured (ASI) accumulated from the policy will not be affected if the insured is hospitalized due to Covid-19, thus providing much-needed financial relief to the customers. This benefit will be provided in ICICI Lombard’s Complete Health Insurance and Health Booster plans.
On this occasion, Sanjeev Mantri, executive director of ICICI Lombard, said, “At ICICI Lombard, we believe in holding hands of customers in times of need.” New challenges are constantly coming up due to the Covid-19 epidemic, so we thought it is important for us to establish our health insurance offer so that we can meet the emerging needs of our customers effectively.
These additional benefits are being given at no additional charge, which will give our policyholders the maximum benefit of their health insurance cover.
Sum Insured and Premium
Many different advantages are also out there in this plan, which includes Health Help and Virtual Assistance, Ambulance Assistance, and Telecommunication by Chat.
Coverage benefits of Covid-19 protection cover will be available to people between the age of 18 and 75 years, including senior citizens who’re believed to be the most affected by the virus.
Sanjay Dutta, chief of underwriting, claims, and re-insurance at ICICI Lombard, said the Covid-19 protection cover would offer monetary assistance to people infected with the coronavirus.
The corporate can pay 100 % of the sum assured as a lump sum only on first confirmation. In response to him, this cover will assist rather a lot during this challenging time. The tenure of this coverage has been fixed for 1 yr.
These people will not get cover
On this, the insurance coverage company is not going to provide cover to those who have traveled overseas after 31 December 2019. Along with this, these people have been quarantined on suspicion of Covid-19 or have been found to be infected with Covid-19 before the danger starts or within the preliminary 14 days.
This means that the coverage can be available to those that haven’t been infected with the illness but. This isn’t a policy for those who are already contaminated with the disease or have returned from overseas and are very likely to get infected.
This policy cover can be relevant only within the geographical boundaries of India and can be available only to Indians.
ICICI Lombard COVID-19 Protection Cover
ICICI Lombard on Thursday launched the ‘COVID-19 Protection Cover’, which guarantees protection in the age group of 18-75 years. By paying a premium of just Rs 149, people can get an insurance amount of Rs 25,000.
As per firm rules, if a policyholder exams positive for any COVID-19 at a “government-authorized center”, then the company insures your entire sum insured, i.e. Rs 25,000 in this case, no matter hospitalization bills. Will be topic to a preliminary waiting period of 14 days.
However, there are some main exclusions. The cover excludes people with travel history at any place abroad after 31 December 2019. As well as, no insurance advantages can be availed if the insurer is quarantined for suspected COVID-19, or identified with COVID-19, prior to the risk onset date, or the initial 14. – Within the day-long waiting interval.
Additionally, the scope of cover might be within the geographical boundaries of India and might be limited to Indian citizens only.
The term of the policy is limited to 1 12 months and comes with value-added benefits such as health assistance and CHAT / virtual assistance, tele-counseling, and ambulance assistance.