Amazon is arranging Covid-19 medical insurance cowl freed from price for registered sellers on its market by Acko Common Insurance coverage.
Amazon.in will totally fund the premium price for this group insurance coverage coverage that shall be legitimate for one yr after activation. Sellers with an lively itemizing on Amazon.in between January 1, 2020 and Might 1, 2021 can enroll themselves below the group coverage to get protection for Covid-19 hospitalisation and medical bills as much as Rs 50,000.
As well as, the insurance coverage coverage will cowl domiciliary therapy bills as prescribed as much as the sum insured.
Vice President Manish Tiwary mentioned: “Whereas we sincerely hope that not one of the market sellers want to make use of this, the coverage ensures that in the event that they want it, their medical bills are taken care of by the insurance coverage.
In a press be aware, Amazon mentioned that the corporate has engaged with Acko to offer protection, handle the coverage supply and deal with claims and reimbursements and it’ll open a 30-day enrolment window whereby eligible sellers can enroll themselves by offering fundamental private particulars and KYC paperwork. No medical checks shall be required for registration and opt-in.
For every vendor account, just one individual could also be coated below the insurance coverage coverage. As soon as the requisite particulars are processed, a Distinctive Well being Identification (UHID) quantity shall be issued post-registration to sellers by Acko, which they will use to file their claims and reimbursements.
“To assert reimbursement for COVID-19 associated hospitalization and therapy bills, we’ll arrange a mechanism to allow eligible sellers to use on to Acko. The declare below the coverage shall be payable for a vendor who’s enrolled below the coverage and who checks constructive for COVID-19 for the primary time, after 15 days from the date of issuance of canopy. Bills incurred on co-morbidity in case of COVID-19 hospitalization shall be coated below the coverage, ” the corporate mentioned.