Tata AIA Life Insurance on Friday announced additional Rs 5 lakh cover at no extra premium in the wake of the coronavirus pandemics.
As part of Tata AIA Life's initiative, its individual policyholders will get COVID-19-related additional benefit up to Rs 5 lakh at no additional cost, it said in a release.
Besides, all active agents of Tata AIA Life Insurance along with their spouse and children will be reimbursed up to Rs 25,000 in case of hospitalisation due to COVID-19.
The company said all policyholders of Tata AIA will get an additional benefit equal to the base sum assured or Rs 5 lakh, whichever is lower for valid death claims due to COVID-19.
This benefit is applicable for all valid death claims with date of death on or before June 30. Tata AIA Life Insurance MD & CEO Rishi Srivastava said, "We are all collectively facing a situation like never before. This is an opportunity for each one of us to come forward and serve society.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app