Even though the world has already shut down due to covid-19 pandemic, the essential services such as pet stores, groceries, medicines, electricity and other things are still open for the public. However, it can also cause a problem to the shopkeeper but still they are working to supply the essentials to the public.
In order to keep the shopkeepers safe, the merchant payments Bharatpe has also partnered with ICICI lombard general insurance co ltd to launch a covid-19 insurance that would cover around 40 lakh merchants from essential good and services. Those can purchase the policy from BharatPe mobile app.
It will benefit the customers 100% of the sum insured if they get positive for the pandemic. They need to pay around the premium of INR 199 for INR 25,000 cover for the tenure of year.
All the policyholders must submit their test reports and receipts to file the claim. They can reach out to the customer care of the app.
On this, the ICICI lombard general insurance executive director, Sanjeev Mantri said-“Since the outbreak of covid-19, there is an obvious fear of contracting the disease. Health products are a critical offering from our side and we wanted to ramp it up by reaching more and more people. With this product, we are trying to cover the merchant base which is vulnerable to the virus given the business activity,”