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The second wave of COVID-19 is adversely affecting the people nationwide. In this time of uncertainties, it is imperative to have the right financial protection for your family. To ensure that your family has the right financial security in case of any eventuality, it is a must to have a term insurance policy.
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As nowadays, most life insurance providers offer coverage against covid-19, further in this article we have discussed in detail ICICI Term Insurance for COVID-19.
The ICICI Term Insurance for COVID-19 is essentially a traditional insurance policy, which provides additional financial coverage against death due to COVID-19. Generally, the term insurance policy provides death benefit due to illness if the life assured dies due to any critical disease like stroke, cancer, heart disease, etc. However, with the skyrocketing cases of covid-19, most of the life insurance providers offer coverage for death due to covid-19. The ICICI term insurance for Coronavirus i.e. ICICI Pru iProtect Smart covers deaths related to covid-19.
In an unprecedented time like this, havings the right financial security for the family and loved ones should be of utmost importance. With ICICI Term Insurance for Coronavirus, you can provide the right financial security to the family in the long term even in your absence. In case, the life assured dies due to COVID-19, then the beneficiary of the policy will be paid an additional financial coverage as covid protection by the insurer. The Insurance Regulatory and Development Authority of India (IRDAI) has even directed the insurance company to prioritize and expedite insurance claim related to covid-19. Thus term insurance plan with covid-19 life cover is the most pocket-friendly way to prepare for any eventualities and secure the financial future of the family during a pandemic.
The process of purchasing the ICICI Term insurance for coronavirus is very simple. One just needs to follow the below mentioned simple steps to do so.
The claim settlement process of COVID-19 can be completed by following 3 simple steps.
In case of the unfortunate demise of the life assured due to COVID-19, the claimant will have to file a claim to the insurance company. The claim can be filed online, via SMS or by visiting the branch office of the particular insurance company.
To file the claim, the claimant will have to submit a thoroughly filled claim form along with the required documents and death certificate of the life assured.
Upon receiving the claim form along with the required documents, the insurance company assess all details and verify the documents. The beneficiary will be asked to submit additional document like covid-19 diagnosis test result of the life assured.
Once all the relevant documents are verified by the insurance company, the insurer processes the claim. Many insurance providers including ICICI Prudential Life Insurance settle claims in just one day.
The second wave of covid -19 has left many people helpless. However, with ICICI Term Insurance for COVID-19, you can ensure to provide the right financial protection to your family in case of any eventuality. While the first line of defence to fight this disease is social distancing and sanitization guidelines, the COVID-19 term plan should serve as a financial backup.
†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
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