| Insurer | Eligibility Age | No Travel | Benefit Type | Sum Insureds | 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 2019 | Lumpsum | 25K | 159 | 1. 4 free teleconsultations 2. Health Assistance Benefit 3. Ambulance Assistance |
| Bajaj (with PhonePe) | Below 55 Yrs | Last 30 days 15 days waiting | Indemnity | 50K | 199 | 1. 30-30 days pre & post |
| Reliance | 3M-60 yrs | Last 45 days | Lumpsum | 25k to 2L | 225 2212 | Addon Benefits: 1. Loss of Pay 2. Quarantine expenses (50% of SI) 3. Travel exclusion waiver. 4. Loss of Job |
| Star | 18-65 Yrs | N/A | Lumpsum | 21K & 42K | 542 1083 | None |
| Aegon Life | 18-50 Yrs | Last 45 Days | Indemnity | 50K to 1L* | 903 1805 | COVID is an Additional benefit on Term life cover. 24 Hrs Hospitalization is compulsory. |
Digit Policy Explanation: It’s a group policy.
ICICI Policy Explanation: *Health Assistance Benefit: Health Assistance Team will help you in identifying a Specialist or Hospital, fixing appointment, information about the ailment and possible lines of treatment, suitable network providers, and appointment for the second opinion if required.
The above assistance for information is free but you need to pay if any of the services are availed.
*Reliance policy explanation:– If tested positive: 100%
– If not tested positive but quarantined for a minimum of 14 days: 50% of SI under Quarantine Add on the cover. Self-quarantine is not covered.
– Having a loss of pay due to quarantine and for a minimum of 14 days to a maximum of 30 days.
– Lost Job because of being diagnosed with Covid-19 or being quarantined due to COVID-19. 50% of SI for each opted number of months specified in the certificate, max up to 3 months. If employed in between, then the cover is terminated.
The above add-on benefits are available for 2L SI only.
Star Policy Special points: Claim is admissible on testing positive and only on hospitalization.
Aegon Policy Special Points: This policy is a combination of normal term insurance along with medical benefit limited to Covid-19 hospitalization.
The premium chart and further SI options are as below.
| Term Life Sum Insured | COVID Hospitalization SI | Premium incl GST |
| 5L | 50K | 903 |
| 10L | 1L | 1805 |
| 25L | 1L | 3737 |
| 40L | 1L | 5669 |
When compared to other life insurance plans this is reasonably low in premium for the life cover available along with Covid-19 hospitalization. The life cover under this covers death due to any reason.
It truly depends on what all insurance you already have to understand which Covid-19 insurance will suit you the best. Hence it is advisable to connect with insurance experts to know the right match for you.
Susheel Agarwal
Susheel is the CEO of Ethika Insurance Broking P Ltd. This company, which has a current value of 10 million dollars, was bootstrapped by him and two of his friends. He attributes his success to his ability to inspire others to seek happiness at work.
