New Delhi: As the Covid-19 pandemic is spreading rapidly in the country with more than 500 getting infected every day for the last few days, it is better to be prepared for at least the financial implications if you get tested positive for the virus.
Reliance General Insurance launched a Covid-19 protection insurance scheme on Wednesday which offers lump sum amount up to 100% of the sum assured if you test positive for the virus. This amount will help you in meeting the immediate financial needs after being diagnosed positive for the virus as you can not continue your regular job.
After buying the policy, in case you get quarantined, this policy will offer 50% of the sum assured during the quarantine period.
This policy will remain valid for one year from the date of purchase and has a waiting period of 15 days. This means if you are diagnosed positive for Covid-19 within 15 days of purchasing this policy, then you will not get any claim against your policy.
Maximum sum assured that you can opt for in this policy is Rs 2 lakh and the minimum sum assured that you can opt for is Rs 25,000. This policy can be bought for anyone between the age group of 3-60 years.
“We have designed this product to reduce the financial implications this pandemic can bring to an individual, by offering them a lump sum policy, irrespective of the treatment cost,” Rakesh Jain, Executive Director and CEO, Reliance General Insurance Company said in a statement.
You have an option to buy separate add-on covers for any loss of income or job loss in addition to the base policy. Additional premium will be charged for this add-on cover.
Another add-on that you can opt for is ‘Travel Exclusion Removal’, which offers waiver to the 45-day travel exclusion policy and enables the insured to claim 100% of the sum-insured if he/she tests positive for Covid-19.
WhatsApp us