COVID-19: Is death due to corona covered in life insurance?

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Corona virus cases are increasing in the country with daily toll of more than 3 lakhs. The World Health Organization (WHO) has already declared it an epidemic. The second wave of corona is fatal as death percentage has increased. As of now more than 3000 Covid patients are losing their life on a daily basis in India. The central and state governments are taking all steps to stop the corona from spreading.

People are also being asked to take precautions. In view of the increasing risk of corona, the question also comes to mind whether the person will be covered in life insurance on the death of corona. With this, if you take a life insurance policy now, corona will be covered in it, let us know.

If you have a policy

If the person dies due to corona virus, then in that case the person created by the nominee will get the amount in the form of death benefit. Death Benefit Insurance Company gives the nominee to the person or beneficiary created by the customer after the death of the customer.

On purchasing the policy, the policy holder tells the company about the people whom he wants to be a nominee and who will take the amount of death benefit in the event of his death. The nominee can also check the amount in the policy document.

If you buy the policy now

If you are thinking about buying a life insurance policy at this time, then you should keep in mind that the insurer decides the premium of the policy based on your health and medical history. Therefore, it should be believed that a global pandemic such as the corona virus will have some effect on the policy.

If you are currently in the process of application, then it can have an impact on the approval and premium of your policy.

Policy holders should keep in mind that while purchasing a life insurance policy, what are the conditions that are excluded from it, ie those who will not get the cover.

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