HDFC (Housing Development Finance Corporation) Life and HDFC Ergo joined hands to launch a combi insurance product ‘Click 2 Protect Corona Kavach’ which offers a complete financial protection package in the current pandemic environment. This policy will provide all the benefits and features of HDFC Life’s Click 2 Protect 3D Plus and HDFC Ergo’s Corona Kavach policies.
Key Points:
–The combi-product offers two options under Corona Kavach plan — individual cover and family floater cover.
–The COVID-19 health cover can be extended to spouse, dependent children below 25 years of age, dependent parents and parents-in-law under the family floater cover.
–HDFC Life’s C2P3D Plus is one of the most flexible and customizable term plans in the market.
–HDFC Ergo’s Corona Kavach is an indemnity health policy to offer cover against medical expenses incurred due to hospitalization of individuals seeking treatment for COVID-19, on a positive diagnosis for the virus.
Pricing:
–The policy term and Sum Assured of C2P 3D plus & Corona Kavach are independent of each other. –The product allows an individual to select C2P 3D Plus policy term and Sum Assured as per the plan option chosen.
–Further, one can choose COVID-19 Sum Assured from Rs. 50,000 to Rs. 5 lakh that can be purchased for a term of 3.5/6.5/9.5 months.
Recent Related News:
i.On October 17, 2020, TATA (formerly Tata Engineering and Locomotive Company) Motors has collaborated with HDFC Bank for financing of its passenger vehicles. In this regard, Tata Motors introduced two new schemes viz. “Gradual Step Up Scheme” and “TML Flexi Drive Scheme” which will be available till November 2020.
ii.On September 10, 2020, Euromoney, the global finance and banking magazine’s Awards for Excellence 2020 honoured Aditya Puri, Managing Director(MD) of HDFC Bank with a Lifetime Achievement Award 2020. This is a first of its kind recognition for a corporate leader from India.
About HDFC Life:
Managing Director (MD) & Chief Executive Officer (CEO)– Vibha Padalkar
Headquarter– Mumbai, Maharashtra
About HDFC Ergo:
Managing Director (MD) & Chief Executive Officer (CEO)– Ritesh Kumar
Headquarter– Mumbai, Maharashtra
