Srinivasan Parthasarathy - Chief Actuary & Appointed Actuary, HDFC Life
MUMBAI: HDFC Life, one of India’s leading life insurance companies, and HDFC Ergo, one of India’s leading non-life insurers, have joined hands to launch a combi product ‘Click 2 Protect Corona Kavach’ to provide a complete financial protection package in the current pandemic environment, with HDFC Life’s Click 2 Protect 3D Plus (C2P3D Plus) and HDFC Ergo’s Corona Kavach.
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 that was launched earlier this year to offer cover against medical expenses incurred due to hospitalization of individuals seeking treatment for COVID-19, on a positive diagnosis for the virus, in a government authorized diagnostic center.
Combi Product Highlights
Speaking on the launch Srinivasan Parthasarathy, Chief Actuary & Appointed Actuary – HDFC Life, said, “The pandemic has impacted lives, created vulnerabilities in multiple areas and there is a general sense of uncertainty. One such area is the cost of treatment, in case one were to test positive for COVID-19. The expenses could lead to a financial setback for the family, especially where there is only one earning member.
Financial security is a must right now and consumers need to take concrete steps towards protecting their families’ financial future. Click 2 Protect Corona Kavach has been designed to provide comprehensive financial protection in the current pandemic. In addition to offering life cover, the product also includes a family floater facility which offers options in terms of adding family members into the plan.”
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2014 The Global Indian New Network (TGINN)