Chennai:
Soon after ICICI Lombard General Insurance, Star Health and Allied Insurance on Friday has launched ‘Star Novel Coronavirus Insurance Policy’, a benefit policy to cover all those who test positive for the current pandemic COVID-19 (Novel Coronavirus) and require hospitalisation.The policy does not have any international travel history related exclusions.
The cases of coronavirus are increasing rapidly across the world with the count crossing 245,749 globally and 195 in India. Global death toll rose to 10,048 on Friday, with India reporting four deaths due to Covid-19. On Friday, Maharashtra reported three new cases of coronavirus, taking its total to 52 –highest in the country.
The Star Novel Coronavirus policy will provide a lump sum payment to any insured between age 18 years to 65 years, who is declared positive by a government accredited test and is hospitalised for the Coronavirus.
The Star Novel Coronavirus policy is available under two sum insured options of Rs 21,000 and Rs42,000 at premiums of Rs. 459 plus GST and Rs. 918 plus GST respectively. Anyone up to the age of 65 years can purchase the policy online at www.starhealth.in or through the company’s vast network of insurance agents, and without having to undergo any pre-medical screening.
Speaking about the new policy, Anand Roy, Managing Director, Star Health and Allied Insurance Co. Ltd. said, “The Coronavirus Covid -19 has been declared a pandemic by WHO and it is necessary that Indian citizens protect themselves against this virus. The Star Novel Coronavirus Policy has been designed to cover those who test positive, whether or not they have travelled beyond the country’s borders. Our coronavirus cover will help provide a lump-sum pay out for those affected to meet their hospitalisation expenses.”
‘COVID-19 Protection Cover’ unveiled by the ICICI Lombard General Insurance 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 period of the ‘COVID-19 Protection Cover’ is restricted to 1 year and the scope of the coverage is limited to the geographical boundaries of India. The unique benefit of the COVID-19 protection cover is the coverage across of the age group of 18-75 years,covering the elderly population that is said to be majorly impacted by the virus.
Prime Minister Narendra Modi on Thursday addressed the nation and requested citizens to stay at home. The PM urged India’s 1.3 billion citizens to put themselves under self-curfew on Sunday (March 22) to protect themselves from the coronavirus, hours after the government announced it was barring all international flights from landing in the country for a week starting March 22.