Yes Bank COVID-19 insurance policy | Yes Bank COVID-19 insurance cover | Yes Bank Reliance General Insurance COVID-19 Insurance Scheme | Benefits of Yes Bank COVID-19 protection insurance scheme
Yes Bank launched a special COVID-19 protection insurance scheme for its customers. For this, Yes Bank has tied up with non life insurer Reliance General Insurance to provide the cover. The policy offer 100 percent of sum insured in lump sum on positive diagnosis of coronavirus, irrespective of treatment cost. Also the policy aim to reduce the financial implications this unprecedented situation can bring to an individual, by offering them a lump sum policy.
Benefits under COVID-19 protection insurance scheme
The scheme offer cover for both quarantine period and diagnosis of COVID-19.
- For a policyholder, the base cover offers 100% sum insured in lump-sum on being tested positive for COVID-19, irrespective of the treatment cost
- In addition, as add-on options, 50% of the sum-insured is given to cover the quarantine period of 14 days.
- ”Travel Exclusion Removal”, which offers a waiver to the per policy 45 day travel period.
Who can avail this policy?
All individuals from three months to 60 years can avail the policy, for a sum insured of up to Rs. 1 lakh.