The policy aims at providing 100 percent of the sum-insured in case one is tested positive for coronavirus.
Paytm on Friday announced the launch of ‘COVID-19 Benefit Insurance Policy’ in collaboration with Reliance General Insurance. The policy aims at providing 100 percent of the sum insured in case one is tested positive for coronavirus.
Recommended ArticlesView All
Income tax portal enables co-browsing feature — How does it help you in ITR filing?
IST4 Min(s) Read
Cap on TV channels as part of bouquet raised to Rs 19. How revised TRAI rule will impact broadcasters
IST3 Min(s) Read
Why are private banks going old school and opening more branches?
IST3 Min(s) Read
“The patient will not have to wait for the entire treatment to get completed to receive the financial help,” Paytm said in a statement.
The policy will cover against a positive diagnosis of coronavirus, 14-day quarantine, along with loss of pay or job loss. Additionally, it will offer a waiver to the 45 days travel exclusion policy.
The policy will cover individuals between the ages of 3 months to 60 years, with a wide range of sum-insured options ranging from Rs 25,000 to Rs 2 lakh.
The 'COVID-19 Benefit Insurance Policy' will offer a validity period of one year.
"With our COVID-19 Benefit Insurance Policy, we aim to provide simple health insurance coverage that will take care of most expenses that a coronavirus patient might have to incur. The digital policy can be purchased on the Paytm app and is generated online within a few minutes from the safe confines of one's home," said Amit Nayyar, President- Paytm.
First Published: IST