<p>Non-life insurer Reliance General Insurance on Wednesday launched a COVID-19 protection insurance scheme, which offers 100 per cent of the sum-insured in a lump sum on a positive diagnosis of coronavirus.</p>.<p>In case a person is quarantined, the plan offers 50 per cent of the sum-insured during that period.</p>.<p>The plan has a policy period of one year and the waiting period is for 15 days before one can claim against the policy, according to a statement by the company.</p>.<p><a href="https://www.deccanherald.com/national/coronavirus-news-live-updates-karnataka-sees-12-more-covid-19-cases-indias-tally-reaches-4348-817763.html"><strong>For latest updates on coronavirus outbreak, click here</strong></a></p>.<p>"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," the company's Executive Director and CEO Rakesh Jain said.</p>.<p>The plan will cover anyone aged between 3 months and 60 years, for a sum-insured option from Rs 25,000 to Rs 2 lakh.</p>.<p>It will also give cover for any loss of pay or job under separate add-ons in addition to the base policy.</p>.<p>The plan has an add-on option, 'Travel Exclusion Removal', which offers waiver to the 45-day travel exclusion policy and enables the insured to claim 100 per cent of the sum-insured if they test positive. </p>
<p>Non-life insurer Reliance General Insurance on Wednesday launched a COVID-19 protection insurance scheme, which offers 100 per cent of the sum-insured in a lump sum on a positive diagnosis of coronavirus.</p>.<p>In case a person is quarantined, the plan offers 50 per cent of the sum-insured during that period.</p>.<p>The plan has a policy period of one year and the waiting period is for 15 days before one can claim against the policy, according to a statement by the company.</p>.<p><a href="https://www.deccanherald.com/national/coronavirus-news-live-updates-karnataka-sees-12-more-covid-19-cases-indias-tally-reaches-4348-817763.html"><strong>For latest updates on coronavirus outbreak, click here</strong></a></p>.<p>"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," the company's Executive Director and CEO Rakesh Jain said.</p>.<p>The plan will cover anyone aged between 3 months and 60 years, for a sum-insured option from Rs 25,000 to Rs 2 lakh.</p>.<p>It will also give cover for any loss of pay or job under separate add-ons in addition to the base policy.</p>.<p>The plan has an add-on option, 'Travel Exclusion Removal', which offers waiver to the 45-day travel exclusion policy and enables the insured to claim 100 per cent of the sum-insured if they test positive. </p>