Categories: Business

ICICI Lombard launches policies to cover Covid-19 patients

ICICI Lombard a private sector non-life insurance company has launched a 1 year-long “COVID-19 Protection Cover”. This policy will pay 100% of the sum insured to the COVID-19 positive individual, irrespective of hospitalization expenses. The insurance policy is in group insurance mode. It will provide value-added benefits such as Health Assistance and CHAT/Virtual assistance, teleconsultation and ambulance assistance, as part of the offering.

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Important key points of the policies:

  • The health cover of policy is priced at a premium of Rs 149 and provides a sum insured of Rs 25,000 including value-added benefits.
  • The insurance policy will cover all individuals across the age group of 18-75 years.
  • The period of the policy is restricted to 1 year and the scope of the coverage is limited to the geographical boundaries of India.
  • The cover also excludes people with travel history to any location overseas post-December 31, 2019 and if the insured has been quarantined for suspected COVID-19 or diagnosed with COVID-19 prior to the risk inception date or within the initial 14-Day waiting period.
  • The policy is introduced on the lines of ICICI Lombard’s ethics of “Nibhaaye Vaade” (Keeping Promises) to introduce industry-first initiatives for its customers.

Important takeaways for all competitive exams:

  • Headquarters of ICICI Lombard: Mumbai.
  • MD & CEO of ICICI Lombard: Bhargav Dasgupta.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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