new Delhi: These days the trend of buying insurance policies among customers has suddenly increased. People in the country are demanding a certain type of insurance. This special insurance has become so popular that now hundreds of policies are being sold daily.
Corona Armor insurance policy is becoming popular
Corona Protetion Health Policies have become extremely popular with the arrival of the market. In view of the spread of the Coronavirus epidemic, almost all general and health insurance companies have started offering this product for corona virus infection from July 10. Its purpose is that people can get a health insurance protection at a reasonable rate to treat this epidemic.
Hundreds of policies sold in a day
Amut Chhabra, head of the health insurance business of the policy market, said, “There is great support for this, because people are willing to buy this plan.” He told that on the website of the policy market, companies are selling this policy every day from 300 to 500. Most of the young people are taking this policy.
Policy up to five lakh rupees
The policy is being sold for three and a half months to nine and a half months under Corona Armor Health Insurance. In this, the maximum amount of medical expenses of the insured person has been kept at five lakh rupees. Insurance Regulatory Irdai has approved companies for this. This policy is quite reasonable. It can be taken at a minimum premium of up to Rs 208 monthly, which is extremely cheap.
People from Maharashtra, Tamil Nadu, Karnataka and Delhi NCR have shown more interest in it. Subramaniam Brahmajosiyula, head of the underwriting and reinsurance business of SBI General Insurance Company, said it also offers options like family floater and hospital daily cash of Rs 2500 on insurance of Rs 5 lakh, making it more attractive.
IFFCO Tokyo General Insurance Executive Vice President (Underwriting) Subrata Mandal also said that the product released on Kovid-19 has been released only a week and people have been attracted. The person can buy the corona armor for themselves and for their spouse, parents, in-laws and dependent children below 25 years of age.