HDFC Life and HDFC Ergo, have jointly launched a comprehensive financial protection package amidst the COVID-19 pandemic.
The product is called ‘Click 2 Protect Corona Kavach’ and it combines HDFC Life’s Click 2 Protect 3D Plus (C2P3D Plus) and HDFC Ergo’s Corona Kavach plans.

C2P3D Plus is a term plan and Corona Kavach is an indemnity health policy launched this year to offer cover against medical expenses incurred due to hospitalisation of individuals seeking treatment for COVID-19.

The combi-product offers two options under Corona Kavach plan – individual cover and family floater cover wherein the COVID-19 health cover can be extended to spouse, dependent children below 25 years of age, dependent parents and parents-in-law.

An individual can choose from the available options provided under the C2P3D Plus plan, including premium waiver for accidental total permanent disability or on diagnosis of critical illness and can also avail of a COVID-19 health cover that includes ambulance charges, home care treatment charges, pre and post hospitalisation charges if diagnosed with COVID-19.

The policy term and sum assured of C2P3D plus and Corona Kavach are independent of each other. The product allows individuals to select C2P3D plus policy term and sum assured as per the plan option chosen which can be from $678 to $6785 and can be purchased for a period of 3.5, 6.5 or 9.5 months.HDFC Life appointed actuary Srinivasan Parthasarathy said that 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 tested positive for COVID-19, as the expenses could lead to a financial setback for the family, especially where there is only one earning member,” he said.

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