ICICI Lombard Launches Novel Coronavirus Insurance Policy

Published On 20 Mar 2020 By Yamini Sharma

Coronavirus Insurance: ICICI Lombard, India's leading private sector non-life insurance company is new to join hands with other health insurers in providing cover for coronavirus disease. 

The insurer recently launched its 'COVID-19 Protection Cover', a dedicated policy for coronavirus patients. The policy can be availed in the group insurance mode for a period of 1 year. It is noteworthy that the cover is restricted to Indian nationals, those without travel history to any overseas location after December 31, 2019. 

The COVID-19 protection cover policy will provide financial support to the coronavirus infected cases. The company will pay 100 per cent of the opted Sum Insured as a lump sum in the event of the first diagnosis itself. The cover will prove to be a big help in such challenging times.”, said Sanjay Datta, Chief – Underwriting, Claims and Reinsurance, ICICI Lombard

The insurance company will pay a 100% lump sum amount, irrespective of the hospitalization expenses, in case the policyholder tests positive for coronavirus or COVID-19 disease at any of the Government authorized centres. The initial waiting period for the policy is 14 days.

Read here, Social Distancing Guidelines to Fight Coronavirus in India

People aged between 18 years to 75 years can buy COVID-19 Protection Cover. The policy can be availed at a sum insured of Rs. 25,000 with a premium of Rs. 149. Value-added benefits like Health Assistance and Virtual assistance through chat, teleconsultation, and ambulance assistance are a big plus.

To know about this newly-launched Coronavirus Insurance Policy, feel free to contact us at InsuranceDekho @1800-120-5698. 

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