ICICI Lombard, BharatPe Launch COVID-19 Insurance Cover For Shopkeepers
Money & Banking
With shops selling essential goods and medicines open during the national lockdown, BharatPe and ICICI Lombard General Insurance have launched a special insurance scheme for shopkeepers.
“This policy on a diagnosis of Covid-19 (+ve) will pay 100 per cent of the sum insured, irrespective of hospitalisation expenses,” ICICI Lombard said in a statement on Monday.
Called the Covid-19 Protection Insurance Cover, the premium starts at ₹199 and provides a sum insured of ₹25,000. Value-added benefits such as Health Assistance and CHAT/Virtual assistance, tele-consultation and ambulance assistance are also a part of the offering. It provides coverage across the age group of 18-65 years.
“The new product is a step forward in BharatPe’s endeavour in introducing industry-first initiatives for shopkeepers. It is also a ‘first of its kind’ sachet product by ICICI Lombard that will cover merchants,” the release further said. “Shopkeepers will get 100 per cent of the opted sum insured as a lumpsum in the event of the first diagnosis itself. The insurance is available on the BharatPe app and we hope to cover lakhs of our merchants digitally over next few days,” said Ashneer Grover, CEO and Co-Founder, BharatPe.
Published on
March 30, 2020
With shops selling essential goods and medicines open during the national lockdown, BharatPe and ICICI Lombard General Insurance have launched a special insurance scheme for shopkeepers.
“This policy on a diagnosis of Covid-19 (+ve) will pay 100 per cent of the sum insured, irrespective of hospitalisation expenses,” ICICI Lombard said in a statement on Monday.
Called the Covid-19 Protection Insurance Cover, the premium starts at ₹199 and provides a sum insured of ₹25,000. Value-added benefits such as Health Assistance and CHAT/Virtual assistance, tele-consultation and ambulance assistance are also a part of the offering. It provides coverage across the age group of 18-65 years.
“The new product is a step forward in BharatPe’s endeavour in introducing industry-first initiatives for shopkeepers. It is also a ‘first of its kind’ sachet product by ICICI Lombard that will cover merchants,” the release further said. “Shopkeepers will get 100 per cent of the opted sum insured as a lumpsum in the event of the first diagnosis itself. The insurance is available on the BharatPe app and we hope to cover lakhs of our merchants digitally over next few days,” said Ashneer Grover, CEO and Co-Founder, BharatPe.
Published on
USAA Remembers And Honors Americas Fallen Service Members With The Return Of The Poppy Wall Of Honor To The National Mall
600,000 poppies displayed in a powerful tribute to the true meaning of Memorial Day Read more
USAA Educational Foundation Study Reveals How Cost Of Living Pressures And Predictable Outlays Are Straining Military Family Finances, While Highlighting Some Progress
High spouse unemployment and financial burdens among young military and veterans cited as pain points, limiting gains in... Read more
USAA 2025 Annual Report Reflects A Year Of Strength, Service And Commitment To Members
USAA’s financial strength in 2025 enabled record return of $3.8 billion to members and hundreds of millions in financi... Read more
United Through Reading And USAA Partner For Month Of The Military Child Employee Engagement Series
United Through Reading (UTR) and USAA are proud to announce a series of employee engagement events in honor of the Month... Read more
USAA Selects Chris Curtin As Chief Marketing Officer To Advance Value-Driven Brand Leadership
Feb 27 2026 SAN ANTONIO — February 27, 2026 — USAA today announced that Chris Curtin... Read more
USAA Puts Money Back In Members Pockets With Ways To Save, Strengthen Budgets
Association is Reducing Auto Premiums, Offering No-Interest Government Shutdown Loans, and Returning a Historic $3.8 Bil... Read more