Features

• Flexible Sum Insured options as per the need of the insured member.

• Option to cover Family members.

• No Individual medical underwriting.

• One Master policy covers the entire group providing administrative convenience.

• Tax benefits as applicable.

• Waiting period of 15 days from the date of commencement of membership.

Plan Benefits:

This is a Traditional Fixed Benefit One Year Renewable Group Health product. The product provides 100% of the Sum Insured as a lump sum on diagnosis of COVID-19, requiring in-patient hospitalization and on meeting all of the following basic conditions:

• The lab Diagnosis must have been performed after the completion of the initial waiting period of 15 days.

• The diagnosis of COVID-19 should be through any authorized centers of ICMR, Pune or from any other Govt. authorized center or designated laboratory in India, appointed for testing of COVID-19.

• The Diagnosis must be confirmed by only those specific test(s) as defined by government authorities.

During each policy year, a maximum of 1 claim per life per illness shall be payable i.e. benefit is not payable for relapse of the illness (or for any other reason) within a policy year. No benefit can be carried forward to the next policy year.

No benefit will be payable in any of the following:

• If there is no In-patient Hospitalization irrespective of whether quarantined or not.

• For any Illness, sickness or disease other than Coronavirus

  (COVID-19).

• If the insured member has been quarantined for suspected Coronavirus (COVID-19) or diagnosed or contracted the disease prior to Coverage Commencement Date or within the initial Waiting Period of 15 days from the date of commencement or revival of the insurance cover under a Master Policy, whichever is later.

• Diagnosis and Treatment outside India.

• There is no maturity benefit payable under this product.