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HDFC Life and HDFC Ergo launch Click 2 Protect Corona Kavach – a single policy with temporary health coverage and COVID-19

 



HDFC Life and HDFC Ergo have teamed up to launch a combined product ‘Click 2 Protect Corona Kavach’ to provide comprehensive financial protection in today’s pandemic environment, with Click 2 Protect 3D Plus (C2P3D Plus) from HDFC Life and Corona Kavach from HDFC Ergo.


C2P3D Plus from HDFC Life is one of the most flexible and customizable term plans on the market. HDFC Ergo’s Corona Kavach is a health compensation policy that was launched earlier this year to provide coverage against medical costs incurred due to hospitalization of people seeking treatment for COVID-19, upon diagnosis positive for the virus, at a government-authorized diagnostic center.



The policy will provide all the benefits and functionality of Click 2 Protect 3D Plus and Corona Kavach. A person can choose from the available options provided by Click 2 Protect 3D Plus from HDFC Life, including a premium waiver for accidental total permanent disability or upon diagnosis of critical illness and may also qualify for coverage for COVID-19 health care which includes ambulance costs, home care treatment costs, costs before and after hospitalization in case of a diagnosis of COVID-19.



The combined product offers two options under the Corona Kavach plan, individual coverage and family coverage, in which COVID-19 health coverage can be extended to spouse, dependent children under 25, dependent parents, and in-laws.

The Corona Kavach plan provides coverage for inpatient treatment, home care as well as AYUSH treatment and also covers pre-hospital and post-hospitalization costs

The term of the policy and the sum insured for C2P 3D plus and Corona Kavach are independent of each other. The product allows you to select the duration of the C2P 3D Plus policy and the sum insured according to the plan option chosen. In addition, one can choose COVID-19 Sum Assured from Rs. 50,000 to Rs. 5 lakh which can be purchased for a term of 3.5 / 6.5 / 9.5 months.



Speaking at the launch, Srinivasan Parthasarathy, Chief Actuary, and Appointed Actuary – HDFC Life, said: “The pandemic has impacted lives, created vulnerabilities in multiple areas and there is a general sense of uncertainty. . One of those areas is the cost of treatment, in case a test is positive for COVID-19. The expenses could cause a financial setback for the family, especially when there is only one winning member.

Financial security is a necessity now, and consumers must take real action to protect their families’ financial future. Click 2 Protect Corona Kavach has been designed to provide comprehensive financial protection in the current pandemic. In addition to offering life insurance, the product also includes a floating family facility which offers options in terms of adding family members to the plan. “

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