Coronavirus Covid 19 insurance policy has been introduced by the insurance companies to cover the hospitalization expenses incurred due to Coronavirus. There are two types of Covid 19 specific policies which cover the corona related expenses which are: Corona Kavach and Croona Rakshak. Covid-19 pandemic is covered under all the group health insurance policies in […]

It’s no surprise that the Indian economy has taken a big hit post corona as the news arrives. The GDP of the country has contracted in double-digits, the lowest in decades. We have come from being the world’s fastest-growing economy to our GDP being lower than Bangladesh, the situation looks bleak for everyone in 2020. […]

Worried about the high Treatment cost of COVID? Here are the 3 options you have Option A: Ask for an additional Corporate Floater from the Same Insurer Any claim crossing the normal sum insured can be paid from this corporate Floater. You should have a minimum of 40 lacs buffer, for a group size of […]

If you are already covering your workers under ESI then the workmen compensation policy is not applicable. The compensation and treatment cost of the disease will be as per ESI policy. For those cases where the workers are only covered under the Workmen compensation policy, you can read further. Workmen’s Compensation policy covers any worker […]

Insurer Eligibility Age No Travel Benefit Type Sum Insured Premium (Rs) Other Benefits Digit Group Policy (with Flipkart) 18-60 Yrs Last 30 days Indemnity 3L & 1L 1267 511 1. 30& 60 Days pre & post Hospitalization 2. No room rent capping 3. Ambulance Assistance 1% ICICI (with PhonePe & Flipkart) 18-75 Yrs After 31st Dec […]

IRDA has given relaxation of 30 days in addition to the grace period of 30 days in the policy, for the payment of life insurance and health insurance premiums falling due during the lockdown time. So, your policy will not lapse. However, claims falling due after the expiry is not considerable till the payment of […]

The impact is not the same for all the lines of insurance. Life insurance is staring at huge claims due to the sudden and increased number of deaths, whereas the increased risk of falling sick has made people more aware of it. We will look in detail at the impact on commonly purchased lines of […]