ICICI Lombard, BharatPe Launch COVID-19 Insurance Cover For Shopkeepers
Money & Banking
With shops selling essential goods and medicines open during the national lockdown, BharatPe and ICICI Lombard General Insurance have launched a special insurance scheme for shopkeepers.
“This policy on a diagnosis of Covid-19 (+ve) will pay 100 per cent of the sum insured, irrespective of hospitalisation expenses,” ICICI Lombard said in a statement on Monday.
Called the Covid-19 Protection Insurance Cover, the premium starts at ₹199 and provides a sum insured of ₹25,000. Value-added benefits such as Health Assistance and CHAT/Virtual assistance, tele-consultation and ambulance assistance are also a part of the offering. It provides coverage across the age group of 18-65 years.
“The new product is a step forward in BharatPe’s endeavour in introducing industry-first initiatives for shopkeepers. It is also a ‘first of its kind’ sachet product by ICICI Lombard that will cover merchants,” the release further said. “Shopkeepers will get 100 per cent of the opted sum insured as a lumpsum in the event of the first diagnosis itself. The insurance is available on the BharatPe app and we hope to cover lakhs of our merchants digitally over next few days,” said Ashneer Grover, CEO and Co-Founder, BharatPe.
Published on
March 30, 2020
With shops selling essential goods and medicines open during the national lockdown, BharatPe and ICICI Lombard General Insurance have launched a special insurance scheme for shopkeepers.
“This policy on a diagnosis of Covid-19 (+ve) will pay 100 per cent of the sum insured, irrespective of hospitalisation expenses,” ICICI Lombard said in a statement on Monday.
Called the Covid-19 Protection Insurance Cover, the premium starts at ₹199 and provides a sum insured of ₹25,000. Value-added benefits such as Health Assistance and CHAT/Virtual assistance, tele-consultation and ambulance assistance are also a part of the offering. It provides coverage across the age group of 18-65 years.
“The new product is a step forward in BharatPe’s endeavour in introducing industry-first initiatives for shopkeepers. It is also a ‘first of its kind’ sachet product by ICICI Lombard that will cover merchants,” the release further said. “Shopkeepers will get 100 per cent of the opted sum insured as a lumpsum in the event of the first diagnosis itself. The insurance is available on the BharatPe app and we hope to cover lakhs of our merchants digitally over next few days,” said Ashneer Grover, CEO and Co-Founder, BharatPe.
Published on
USAA Stands Strong Amid Wildfire Losses, With More Than $1 Billion In Member Payments
Feb 05 2025 SAN ANTONIO, TX – February 5, 2025 – USAA, a leading financial services p... Read more
USAA Bank Board Appoints Michael Moran As Bank President
Jan 30 2025 San Antonio, TX – January 30, 2025 – Today, USAA Bank Board of Directors a... Read more
USAA Announces Juan C. Andrade As President And Chief Executive Officer
Global, Industry Leader and Public Servant Committed to Serving USAA, the Military Community and Their Families Read more
USAA Extends Sponsorship Of The Army-Navy Game Through 2030
Ahead of the 125th matchup of Army and Navy, USAA Continues Commitment to Academies Read more
Military Community Shows Financial Resilience, Growing Savings By 19% And Cutting Credit Card Balances By 23% Over Last Five Years, New USAA Bank Data Shows
USAA’s Military Financial Wellbeing Index highlights the impact of pandemic-era trends and inflation on service member... Read more
USAA Announces Scholarship For Military Spouses With Valero Alamo Bowl
San Antonio-area military spouses qualify to apply for a $7,500 scholarship. Read more