- The plan covers anyone between the age of 3 months to 60 years
- Reliance General insurance offers a lump sum amount up to 100% of the sum assured if you test positive for the virus
In the wake of coronavirus outbreak in the country, Reliance General insurance recently launched a COVID-19 insurance scheme. Anyone who tests positive for novel coronavirus will get the benefits under this new insurance policy.
Reliance General insurance offers a lump sum amount up to 100% of the sum assured if you test positive for the virus. Even if the person is quarantined, the plan offers 50% of the sum-insured for that period.
The plan covers anyone between the age of 3 months to 60 years. The sum insured options range from ₹25,000 to ₹2 lakh.
The plan has a policy period of one year and the waiting period is for 15 days before one can claim against the policy, according to a statement by the company.
As an additional benefit, the plan will also cover for any loss of pay or job.
The plan has an add-on option, ‘Travel Exclusion Removal’, which offers a waiver to the 45-day travel exclusion policy and enables the insured to claim 100 percent of the sum-insured if they test positive.
Earlier, PhonePe announced an insurance policy called ‘Corona Care’ in collaboration with Bajaj Allianz General Insurance.
Priced at ₹156, the policy will provide an insurance cover of ₹50,000 for people who are under 55 years of age and will be valid at any hospital that is offering treatment for COVID-19.
The total number of coronavirus cases in India surged to 7,447. The death toll also crossed 200-mark.