On July 3, 2020 IndiaFirst Life Insurance Company Limited(IndiaFirst Life) associated with BOB Financial Services Limited (BOB Financial), a wholly owned subsidiary of Bank of Baroda(BOB) to offer a group insurance cover. The cover will provide financial support to the BOB credit card customers upon their hospitalisation or on COVID-19 diagnosis.
i.Through this association, the customers who choose IndiaFirst Life Insurance Hospi Care plan can avail the benefits if diagnosed with COVID-19 positive and also for hospitalisation due to any other reason for more than 24 hours
ii.BOB credit card customers can voluntarily join online and select from frequency, cash benefit or hospitalisation benefit option
Proposed benefits of the cover
The customers can avail any one option of the proposed benefits categories and the premium will be charged accordingly. The proposed benefit cover are:
i.The COVID-19 Diagnosis Cash Benefit/Hospitalisation Cash Benefit amount is Rs. 5,000 & Rs. 10,000.
ii.Cash benefit if hospitalized for 2 or 4 times a year.
About India First Life Insurance Company Limited:
IndiaFirst Life is promoted by Bank of Baroda and Union Bank of India.
Headquarters– Mumbai, Maharashtra
MD & CEO – R. M. Vishakha
Headquarters– Alkapuri, Baroda(Vadodara)
Managing Director & CEO– Sanjiv Chadha