Electronics and appliances major LG Electronics has tied up with Cholamandalam MS General Insurance to offer COVID-19 insurance cover alongside purchases of select home appliances.
The COVID-19 insurance scheme will be available in three slabs – INR 50,000 ($654), INR30,000 ($392), and INR10,000 ($131), depending on the category of the appliance purchased.
This insurance offer is a part of a larger effort by LG to help in the fight against the COVID-19 pandemic and provide better access to medical services to its customers in these difficult times.
Only Indian citizens aged between three months to 65 years can avail of the insurance scheme and they should have no foreign travel history over the past three months. The insurer shall not be liable for any claim arising from coronavirus for a period of 16 days from the policy commencement date and insurance cover will be provided only to the person on whose name the product has been purchased. The policy will be valid for one year and claims, if any, can be pursued through the LG dealers.-Asia Insurance Review