ICICI Lombard, the country’s largest private player in the non-life insurance sector, along with FreePrecard, one of India’s leading players in online prepaid card transactions, has introduced the Group Safeguard health insurance plan. It has been said by ICICI Lombard that this is the biggest insurance plan till date. This is an insurance plan for the members of Freepay Card Retail Pvt Ltd. According to this insurance scheme, if the Freepay card holder has an accident or has to be hospitalized for treatment, then he will get insurance compensation. Card holder will get many more benefits in this scheme.
Simple policy plans, economy and low cost and expansion are the most important components for increasing the number of insured and wide coverage of insurance in the country. This small sized like byte sized health insurance plan is specially designed for Freepay card members. With this practical partnership, this insurance plan from ICICI Lombard will be available across various industry segments across FreePaycard’s partner outlets across the country. Freepaycard members can avail this health insurance cover when shopping for essential goods or services.
Due to various ailments, a hospital treatment cover of Rs 75,000 can be availed for one year by paying just Rs 379. Along with the treatment of diseases included in this scheme, the cost of 75 thousand for the treatment of malaria in the hospital will be included. The insurance plan covers various diseases like Dengue, Chikungunya, Kala Rog, Japanese Encephalitis and Filariasis. But to avail the insurance, at least 48 hours of treatment is required in the hospital.