- The 'Covid Shield+' is India’s first individual Covid-19 life insurance product.
- It provides financial protection against the impact of COVID-19.
- It is the new niche product category in the insurance industry, which fulfil the increased protection need of people, which is vital during this pandemic state.
- It is a cost-effective product which requires no medical test and also provides immediate support to the policyholder.
- The 'Covid Shield+' has a tenure of 1 year with its premium rates starting from Rs 5,329.
- It offers a critical illness benefit of minimum Rs 10 lakh post-24-hour ICU or HDU hospitalization owing to Covid-19.
- Also if diagnosed with COVID-19, the product also triggers minimum enhanced term cover worth Rs25 lakh sum assured.
- People belonging to the age group of 18 to 65 years can opt for this insurance product.
- Static Part:
- HQ of Edelweiss Tokio Life Insurance: Mumbai
- MD and CEO of Edelweiss Tokio Life Insurance: Sumit Rai
Question:
Q.1 Which organisation launched ‘Covid Shield+' which is India’s first individual Covid-19 life insurance product?
a. Aegon Life Insurance
b. SBI Life Insurance
c. Edelweiss Tokio Life Insurance
a. Aegon Life Insurance
b. SBI Life Insurance
c. Edelweiss Tokio Life Insurance
d. HDFC Life Insurance