Flipkart and Aegon Life Insurance coverage have launched ‘Life Insurance coverage with COVID-19 Cowl’ for hospitalisation bills as much as INR100,000 ($1325).
This new insurance coverage product will present clients of Flipkart, a homegrown Indian e-commerce platform, with a complete insurance coverage cowl in opposition to COVID-19, that may be availed on the Flipkart app immediately together with the bottom life insurance coverage plan.
‘Life Insurance with COVID-19 Cover’ will help the policyholder by masking hospitalisation prices of as much as INR 100,000 for a minimal 24 consecutive hours of hospitalisation on the first-ever prognosis of COVID-19 situation together with demise profit from the life cowl.
Aegon life CFO and principal officer Satishwar Balakrishnan mentioned, “The federal government throughout the nation has taken daring steps in the direction of containing the outbreak. Nevertheless, many Indians should not have medical insurance. Our aim by means of Aegon Life’s ‘COVID -19 Hospitalisation Cover’ is to offer monetary help bundled with life advantages at an reasonably priced premium.”
“The coverage takes care of hospitalisation prices, which is able to assist curb the monetary burden that may come up if an individual is asserted COVID-19 constructive. In case of demise, one can avail of the life profit by means of the bottom plan, which is able to assist in supporting the insured’s household,” mentioned Mr Balakrishnan.
Flipkart head fintech and funds group Ranjith Boyanapalli mentioned, “Throughout these unprecedented occasions, companies should come collectively, be agile and innovate for the hour.
“At Flipkart as we continue to cater to 200m customers across the nation, we believe that a full cover product such as ‘COVID-19 Hospitalisation Cover’ will provide our customers the much-needed option of having life and hospitalisation cover rolled-up into one product.”
“Our partnership with Aegon Life enables these innovations to reach consumers affordably and conveniently,” mentioned Mr Boyanapalli.