Reliance General Insurance company launches COVID-19 insurance policy

Reliance General Insurance which is a non life insurer has recently launched the COVID-19 protection insurance scheme where you will get the 100 per cent of sum insured in lump sum if someone is found positive of coronavirus.

However, if the person is quarantines, the plan will give you 50 percent of the sum up of amount.

The plan will be valid till one year and the waiting period of the same is for 15 days before one can claim for the policy.

The CEO and the executive director of the company Rakesh said-“We have designed this product to reduce the financial implications this pandemic can bring to an individual, by offering them a lump sum policy, irrespective of the treatment cost,”

If you are someone aging between 3 months to 60 years, this policy will cover it. It has an option from INR 25,000 to INR 2 lakh.