Mumbai: Following in the large footsteps of the recently announced contribution by Tata Trusts and Tata group towards the management of COVID-19 pandemic in India, Tata AIA Life Insurance today announced additional benefits for its Policyholders and Agents.
As part of Tata AIA Life’s initiative, its individual policyholders will get COVID-19 related additional benefit up to Rs 500,000 at no additional cost.
Further, to extend the Circle of Protection to its own Agents, 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. This is a first of its kind initiative in India.
The suddenness of present times has led to a high level of uncertainty and this is Tata AIA’s own way of showing solidarity and giving back to society.
All employees and Agents are working completely on a digital platform from the comfort of their homes to ensure a full suite of services to consumers.
Tata AIA has already in place several measures to provide for its employees during these times such as Mediclaim policy for employees and their families and an emergency medical funds trust which can be used for COVID-19 diagnosis hospitalisation as well.
With an intent to offer similar support during COVID-19 pandemic to its policyholders and Agents, Tata AIA has launched this initiative.
All policyholders of Tata AIA will get an additional benefit equal to the base sum assured or Rs 500,000 whichever is lower for valid death claims due to COVID-19. This benefit is applicable for all valid death claims with a date of death on or before June 30 2020.
Further, Tata AIA’s agents along with their spouse and children are entitled to up to Rs 25,000 hospitalization cover if diagnosed with COVID-19 within this period as well.
