ICICI Term Insurance for Coronavirus

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.

What is COVID-19 Term Insurance?

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.

Why do You Need a COVID-19 Term Insurance Plan?

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. 

How to Buy ICICI Term Insurance COVID-19 Life Cover?

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.

• Visit the official website of ICICI Prudential life insurance and choose the plan you are interested in.
• Besides, covid-19 coverage, check the other features and benefits offered by the plan. If you find a relevant policy, you can use the term insurance premium calculator and evaluate the premium amount of the policy.
• Fill in the personal information and other required details.
• Lastly, make the final and you will successfully purchase a term insurance policy for COVID-19.

The process to Make Claim for COVID-19 Term Insurance

The claim settlement process of COVID-19 can be completed by following 3 simple steps.

Step1- Claim Reporting

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.

Step2- Claim Processing

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.

Step3 – Claim Settlement

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. 

Wrapping it Up!

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.

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.