ICICI Lombard in partnership with Freepaycard, an online pre-paid card trading platform, has launched Group Safeguard Insurance. This strategic partnership will make the bite-sized health insurance solutions, designed specifically for Freepaycardmembers, available at its multi-category partner retail outlets. Freepaycard members can add these health solutions on the go while shopping for other essential goods or services.
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The plan will be offered to the members of Freepaycard, allowing them to receive an assured amount in case of any injury or hospitalization for treatment. The insurance offering is a customized hospitalization product that comes in three variants – Hospital Daily Cash Benefit, Death Benefit, and Special Vector-borne Disease-related Hospitalization Benefit.
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