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ICICI Lombard, BharatPe Partner To Launch Coronavirus Cover For Shopkeepers

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ICICI Lombard, BharatPe Partner To Launch Coronavirus Cover For Shopkeepers
Aparajita Gupta - 30 March 2020

New Delhi, March 30: Amidst the ongoing coronavirus pandemic BharatPe has partnered with ICICI Lombard to roll out 'COVID-19 Protection Insurance Cover' for shopkeepers.

On diagnosis of COVID-19 (positive) this policy will pay 100 per cent of the sum insured, irrespective of hospitalisation expenses. It is also a ‘first of its kind’ sachet product by ICICI Lombard that will cover merchants.

The health cover is priced at a premium starting at a nominal amount of Rs 199 and provides a sum insured for Rs 25,000 and value-added benefits such as health assistance and CHAT/Virtual assistance, teleconsultation and ambulance assistance, as part of the offering. The benefit of the COVID-19 Insurance Protection Cover is the coverage across the age group of 18 to 65 years.

"Merchants’ well-being is our immediate focus, and as coronavirus turns into a pandemic, we have designed a unique insurance cover with ICICI Lombard to provide financial support to merchants. Shopkeepers will get 100 per cent of the opted Sum Insured as a lump sum in the event of the first diagnosis itself. The small businesses are the most affected financially and shopkeepers are at the most risk from the risk of infection. The insurance is available on the BharatPe app and we hope to cover lakhs of our merchants digitally over the next few days," said Ashneer Grover, CEO & Co-Founder, BharatPe.

“With the current threat on account of coronavirus pandemic, we have introduced a dedicated policy – COVID-19 Protection Insurance Cover. Further, our association with Bharat Pe enables us to reach out to their merchant base which could be vulnerable to the virus given their business activity. This tie-up is aligned with our brand ethos of ‘Nibhaaye Vaade’ (Keeping Promises) and our commitment to meet the insurance-related needs of consumers and businesses,” said Sanjeev Mantri, Executive Director, ICICI Lombard.

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