HDFC’s life insurance platform and non-life insurance division have combined two of their products – Click 2 Protect 3D Plus and Corona Kavach to introduce ‘Click 2 Protect Corona Kavach’.
Click 2 Protest 3D Plus is a customizable term plans in the market whereas Corona Kavach is an indemnity health policy to offer cover against medical expenses incurred due to hospitalization of individuals seeking treatment for COVID-19, on a positive diagnosis for the virus, in a government authorized diagnostic centre.
This new product is a Non-Linked Non-Participating Combi Insurance Plan. It offers two options under Corona Kavach plan – Individual Cover and Family Floater cover, wherein the COVID-19 health cover can be extended to spouse, dependent children below 25 years of age, dependent parents and parents-in-law.
The Corona Kavach plan provides coverage against treatment in case of hospitalization, home care treatment as well as AYUSH treatment and also covers Pre-hospitalization and Post-hospitalization expenses.
The policy term and Sum Assured of C2P 3D plus & Corona Kavach are independent of each other. The product allows one to select C2P 3D Plus policy term and Sum Assured as per the plan option chosen. Further, one can choose COVID-19 Sum Assured from Rs. 50,000 to Rs. 5 Lacs that can be purchased for a term of 3.5/6.5/9.5 months.
Speaking on the launch Srinivasan Parthasarathy, Chief Actuary & Appointed Actuary – HDFC Life, said, “Click 2 Protect Corona Kavach has been designed to provide comprehensive financial protection in the current pandemic.
In addition to offering life cover, the product also includes a family floater facility which offers options in terms of adding family members into the plan.”