Page 13 - Insurance Times April 2020

Health Insurance

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J&K takes the decision to Coronavirus out Covid-19 health insur-
provide free health insur- ICICI Lombard has introduced a new ance and income protec-

ance to all residents policy ‘COVID-19 Protection Cover’ tion cover for 3000 profes-
keeping coronavirus in mind in a group
Under the J&K Universal Health insurance mode. The COVID-19 Pro- sionals
Scheme, the Jammu and Kashmir gov- tection Cover will pay 100% of the sum Urban Company, Home services mar-
ernment has taken the decision to pro- insured irrespective of hospitalization ketplace, has launched Covid-19 health
vide free health insurance to all resi- expenses, on the diagnosis of COVID- insurance and income protection cover
dents of Jammu and Kashmir. 19 positive cases. for 30,000 service professionals active

on its platform in India, in addition to
Under the scheme, around 1.25 crore The entire sum insured if the policy- the existing life, accidental and health
people will get the same benefits pro- holder will get the entire sum insured insurance plans provided by Urban
vided under Ayshman Bharat PMJAY upon he or she is diagnosed positive for Company to its professionals, it said.
and 15 lakh families will be covered. COVID-19 at any of the Government
authorized centers. The amount will be “Under this new insurance cover, ser-
Free health insurance cover of Rs five paid in a lump sum in the case of a first vice professionals are offered a
lakh per family per year on floater ba- diagnosis of the disease during the hospitalisation cover of up to Rs.25,000
sis will be provided to the beneficiaries policy period after an initial waiting and income protection cover of up to
of the policy and there will be no re- period of 14 days. Rs 14,000 in the event of
striction on family size, age or gender. hospitalisation due to positive diagno-
Policyholder can buy the COVID-19 pro- sis of coronavirus,” it said in a state-
Under the scheme, all pre-existing ill- tection cover for the sum insured of Rs. ment.
nesses will be covered and cashless 25,000 by paying a premium of Rs.
services will also be available in all the 149. However, the tenure of the policy
empanelled hospitals. The beneficiaries is restricted to 1 year. Star Health launches in-
shall have access to 20,853 (public and surance cover at Rs 459
private) hospitals across the country Sanjay Datta, Chief – Underwriting, Star Health has introduced a ‘simple no
and avail benefits with facility of inter- Claims and Reinsurance, ICICI Lombard questions asked Corona’ cover.
state portability. The scheme covers all says, “The COVID-19 protection cover
employees, pensioners and their fam- policy will provide financial support to “The benefit policy covers the age
ily members. The employees will con- the coronavirus infected cases. The group from 3 months to 65 years and
tinue to get Rs 300 per month as medi- company will pay 100 per cent of the it is paid straight when the patient
cal allowance to take care of OPD opted Sum Insured as a lump sum in walks out of the hospital after a posi-
treatment. the event of the first diagnosis itself. tive diagnosis. The insured has to show
The cover will prove to be a big help in that he tested positive for Covid-19
ICICI Lombard introduces such challenging times.” and get the money,” said V
new health insurance for Urban Company to roll Jagannathan, executive chairman of
Star Health.
The Insurance Times, April 2020 13