Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

HDFC ERGO Launches Corona Kavach Policy

Posted On: 2020-07-10 09:51:05


HDFC ERGO, the country's third largest non-life insurance provider in the private sector, announced the launch of 'Corona Kavach' policy. This new indemnity health policy will offer cover against medical expenses incurred due to hospitalization of individuals seeking treatment for COVID-19, on positive diagnosis for the virus in a government authorized diagnostic centre. In addition, the policy will also cover expenses incurred on treatment of co-morbidity along with the treatment for COVID-19.

The current pandemic is a grave threat to the health of individuals, whilst also affecting their financial well-being due to the high cost of COVID-19 treatment. But, we must slowly gather the pace to 'Look Ahead' and move towards the new normal, with confidence. The 'Corona Kavach' policy indemnifies policyholders for medical expenses on hospitalization for the treatment of the virus and includes the expense incurred on treating co-morbidity along with COVID-19. The policy will also cover road ambulance expenses, in case the service is opted for the purpose of hospitalization due to COVID-19. Home Care Expenses benefit (upto a period of 14 days) will also be covered in the policy for those seeking treatment within the comfort of their own homes, on the advice of a medical practitioner. Additionally, expenses incurred for inpatient care treatment taken under Ayurveda, Yoga, Naturopathy, Unani, Siddha and Homeopathy (AYUSH) systems of medicines will also be covered under the policy. Policyholders will also be liable for Hospital daily cash, which will be 0.5% of sum insured per day for a maximum upto 15 days, during a policy period.

Commenting on the launch of the new product, Mr. Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance Company Ltd., "COVID-19 has brought life to a standstill with many feeling the financial pinch. In such unprecedented times, Corona Kavach by HDFC ERGO will provide customers with the much needed financial respite giving them the confidence to 'Look Ahead' in life. We are fully committed in this battle against COVID-19 and will provide our customers with the much required ammunition like access to a wide network of over 11,000 cashless hospitals, swift & hassle-free claim settlements, several services available digitally on HDFC ERGO's my:health App; all of which will be available to them with our policy."

The Corona Kavach policy by HDFC ERGO will enable customers to experience superior customer service whereby they can reach out to the Company through various digital platforms which are easily accessible. HDFC ERGO has a robust digital service architecture that has enabled the Company to put in place processes, which are largely paperless. Customers can register their request for filing a claim, policy renewals, and changes in the existing policy, among others through various means like the web portal, mobile apps, IVR, chatbots and email bots from the convenience of their homes. HDFC ERGO's settlement of pre-authorized cashless claims within an average of 14 minutes has further enhanced customer satisfaction and delight

As an added advantage, existing indemnity health policyholders can avail a 25% discount and our Health Warriors, i.e. the Health care professionals, especially will be offered an additional 5% discount on purchase of this policy. The policy is available for a minimum sum insured of INR 50,000/- up to a maximum of INR 5,00,000/-. Customers may logon to the Company website www.hdfcergo.com or reach out to HDFC ERGO representatives for more details or purchase the Corona Kavach policy.

Shares of HOUSING DEVELOPMENT FINANCE CORP.LTD. was last trading in BSE at Rs.1886.25 as compared to the previous close of Rs. 1942. The total number of shares traded during the day was 132320 in over 10683 trades.

The stock hit an intraday high of Rs. 1932 and intraday low of 1877.1. The net turnover during the day was Rs. 251348681.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Aarti Drugs Ltd board fixes Oct 1, 2020 as record date for bonus issue

Mphasis Ltd board to consider Q2 results on Oct 22, 2020

Acuite Rating assigns credit rating to Eros International Media Limited

HSIL Ltd Board approves Buy back of equity shares through market purchase

TCS receives Three Brandon Hall Awards for Talent Management & Excellence in Learning

ICRA reaffirms credit rating for enhanced debt limits of The Ramco Cements Ltd

Shree Renuka Sugars Ltd board allots shares to Wilmar Sugar Holdings Pte Ltd

Karda Constructions Limited commences construction work of Destination One Mall

Singoli-Bhatwari Hydel Power Plant, Uttarakhand - Spinning of Turbines commences today

Shankar Lal Rampal Dye-Chem Ltd board recommends 1:3 bonus issue

Canara Bank board to consider raising capital through QIP

Amrutanjan is Official Pain Relief Partner-Digital for Chennai Super Kings

Camlin Fine Sciences Limited commences commercial production at Dahej unit

RITES Ltd bags Railway Electrification project of Rs. 474.92 crore

SBI Card collaborates with Google to enable cardholders to make payments through Google Pay

TCS' Blockchain Product Quartz™ is now available on Microsoft Azure

Ramco Systems signs agreement with CHI Aviation

Steel Strips Wheels Ltd receives export orders of nearly 10000 wheels

Saregama launches Carvaan Malayalam with 5000 pre-loaded evergreen Malayalam song and Carnatic music

Momentive Quartz Technologies (MQT) Selects Kellton Tech to Implement SAP S/4HANA

HCL Technologies announces intent to acquire leading Australian IT Solutions Company, DWS Limited

GOCL Corporation Limited's UK subsidiary to sell partial stake in Quaker Houghton for $35 mn

Sonata Launches 'CSK 2020 Edition' for Chennai Superkings Fans

Universal Cables Ltd updates on capacity expansion

Innovators Facade Systems Limited receives work order of Rs. 26 crores

MRPL shareholders approve proposal to raise funds of Rs. 5000 crore

ITC Ltd increases stake in Delectable Technologies Pvt Ltd

PNB associate bank, JSC Tengri Bank's License revoked

ITC Ltd.'s Sunfeast YiPPee!'s 10th Anniversary celebrations make a GUINNESS WORLD RECORDS® achievement

RITES Ltd board approves buy back through tender offer at Rs. 265

Route Mobile Limited shares to list on Monday - Sep 21, 2020

Mysore Petro Chemicals Limited to write-off GBP 770,000

Somany Ceramics adds a dash of style at T2, Mumbai Airport.

United Spirits Ltd announces resignation of CFO

Lords Chloro Alkali Ltd posts loss of Rs. 1.08 crore in Q1FY21

Zydus Cadila receives final approval from USFDA for Potassium Chloride Extended-Release Tablets

ICRA upgrades rating of Escorts Ltd

Bhatia Mobile to Migrate to main board of BSE

Avantel Ltd receives order of Rs. 15.97 crore from Bharat Electronics Ltd

Magna Electro Castings Ltd board approves buy back at Rs. 175

TATA Tea Chakra Gold Becomes Official Tea Partner for Chennai Super Kings in IPL 2020

Tiger Logistics India Limited provides future Business Outlook

Dr. Reddy's Laboratories announces settlement of U.S. Revlimid® Capsules patent litigation with Celgene

TVS Motor Company expands and strengthens its presence in Colombia

ICICI Securities successfully closes ~INR 6,000 mm IPO of Route Mobile Limited

EIH Limited approves rights issue, fixes Sep 23, 2020 as record date

Hindalco and Hindustan Copper sign MoU for supply of copper concentrate

Kilpest India Limited to merge subsidiary with itself, change name as 3B BlackBio Dx Ltd

Sterling and Wilson Solar Limited Signs order of 106.71 MW worth USD 62.6 mn in Chile

South Korea donates One lakh masks to TVS Motor Company for free distribution to aid India's fight against COVID-19







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019