How to Choose the COVID 19 Insurance Plan?

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A COVID life insurance plan or rider can help you fight coronavirus infection while also providing life insurance. You can purchase such a plan to ensure that you and your family have complete protection from various life contingencies.

When purchasing a COVID 19 insurance plan or a rider, keep the following points in mind:

  • Select a Renowned Insurer with High CSR:

The claims settlement rate or CSR or the paid loss rate of a life insurance company indicates the number of claims settled compared to those received in a year. can be found online.

If you are interested in a COVID 19 insurance plan or as an additional buyer, a CSR review will help you understand the claims resolution process that an insurer is pursuing. A consistently high CSR for a few years also means that you and your loved ones will find it easier to get benefits under COVID 19 insurance or the additional cover offered by your insurer.

The settlement ratio for Max Life Insurance R Claims or the Paid Claims Rate for the fiscal year 2019-20 period is 99.22% ^.

^ Source: Max Life Audited Annual Financial Statement 2019-120.

  • Select the Sum Assured Carefully:

During the current period of COVID 19, you should know that death isn’t the only event for which you need life insurance. The treatment required after contracting COVID 19 disease can also become a source of financial concern for you. You should also add purchasing COVID 19 insurance or a driver to your financial planning checklist.

In addition, it is important to consider the unique benefits of the COVID 19 insurance plan or the driver and choose them based on your needs. The premiums payable on these plans are easily affordable, so you can easily get financial protection without a COVID 19 complaint. your bag.

  • Don’t hesitate to buy the COVID 19 insurance plan or the Rider:

The COVID 19 disease outbreak has been in the news for quite some time. In addition to social distancing and hygiene measures, you also need to stay protected by COVID 19 insurance or the rider.

You never know where this virus can come from, what is making you sick, and you can be treated. When you take out COVID 19 insurance or a driver, you get cover for hospital / treatment costs as well as additional death benefit.

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