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'Covid Shield+'—By Edelweiss Tokio Life Insurance

Published on November 11, 2020
Current Context: The Edelweiss Tokio Life Insurance launched the insurance products called 'Covid Shield+'.
'Covid Shield+'—By Edelweiss Tokio Life Insurance
  • 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 
d. HDFC Life Insurance
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