Prices Increasing Soon
Currently, the rapidly increasing cases of COVID-19 has become a matter of grave concern for our nation. As the country is struggling to deal with the growing impact of this virus, it is extremely crucial for us to prepare ourselves against any type of unfavourable situation. Having a term insurance policy is one of the solutions to protect yourself and your family against any type of unfortunate event.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
However, the common concern that most of the policy buyers these days have is whether the term insurance policy provides coverage against death due to COVID-19 and can an individual purchase a term plan after contracting the virus.
Further in this article, we have specifically discussed HDFC term insurance for coronavirus and does it provide coverage for COVID-19 or not.
India is currently witnessing an enormous rise in the number of cases, with the second wave of coronavirus has hit the people hard, at this point, it is best to stay home and avoid going out of the respective homes unnecessarily.
During this time, the HDFC term insurance for coronavirus ensures life protection for you and your family in case of any eventuality caused due to COVID-19. Thus, in this day and age, the importance of HDFC term insurance plan cannot be overlooked.
With the term insurance plan, you can ensure the financial security of your family even in a devastating situation. The outbreak of the pandemic is certainly a wake-up call for all individuals who thought that purchasing a term insurance policy is not important and have been avoiding it long. In the current scenario, the COVID-19 insurance is one of the most important investments and a major part of financial planning. Thus, the earlier you purchase a term insurance policy, the longer you will be covered and the lower premium you will end up paying.
Even though HDFC Life Insurance does not provide any separate term insurance policy specifically for COVID-19, the death claim filed due to COVID-19 will be covered under the HDFC Term Insurance Policy.
For individuals, who are thinking about whether they should purchase a term insurance policy during a pandemic, the simple and short answer to this is yes. Thus, if you have dependents to take care of or if you are the single breadwinner of the family then having a term insurance plan is even more important to create a financial backup for your family in the long term.
If a person dies dues to COVID-19 had a term insurance policy then the nominee/beneficiary of the policy will receive the death benefit as the total sum assured amount. Therefore, the nominee needs to know that the HDFC Term Insurance plan generally provides coverage for deaths due to health-related problems. However, while purchasing the policy if an individual is diagnosed with COVID-19 then the insurer can reject the application. For new policy buyers, the death due to COVID-19 is covered under the plan after the purchase of the policy. While purchasing the policy it is important to keep in mind that as long you share all the details correctly with the insurers, whether the person is affected or not affected with the COVID-19, the death claim will be paid to the beneficiary even if the death of the life assured is caused due to coronavirus.
Seeing the ever-increasing need for the protection plan, many insurers have come up with a dedicated process of COVID-19 to deal with the challenging situations.
Once the nominee has all the documents they can send it to the insurance company via mail or WhatsApp. The insurer will share all the information through SMS or email to keep the beneficiary updated on the claim status.
In this time of uncontrollable pandemic, it is very important to buy a Coronavirus term insurance and include it in the investment portfolio. With the term insurance plan, you can ensure the right financial security for the family against any type of eventuality.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Annual Renewable Term Insurance (ATR) is tailored for short-term
Read more
The ICICI Pru iProtect Super Plan is a pure-term insurance plan
Read more
Many people wonder about its tax benefits when purchasing a term
Read more
Studying abroad can be a life-changing experience, offering
Read more
The divide between rural and urban lifestyles in Tamil Nadu is
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
