Bangalore April 10, 2020: Flipkart, India's homegrown e-commerce marketplace, in partnership with India's two leading insurers ICICI Lombard and Digit Insurance, today announced the launch of health insurance policies on its platform that distinctly cover COVID-19. These two group health insurance policies come with instant claim benefits and do not require any medical tests at the time of purchase.

According to industry estimates, about 56% of the Indian population is not covered under any health insurance policy.

Policy Offerings

1. 'COVID-19 Protection Cover' by ICICI Lombard

Benefit: Instant Rs. 25,000 benefit plan paid to the customer on positive diagnosis of COVID-19.

Premium: Affordably priced at an annual premium of Rs. 159.

Additional Benefits: Health assistance benefit, virtual & tele consultation benefit, and ambulance assistance.

Claim Process: Allows customers to submit digital copies of the claim document for processing.

2. 'Digit Illness Group Insurance' offered by Digit Insurance

Coverage: Hospitalization cover up to a sum assured of Rs. 1 lakh.

Premium: Annual premium of Rs. 511.

Hospitalization Details: No limit on room rent or ICU. The policy covers 30 day pre and 60 days post hospitalization fee.

Additional Benefits: Policyholders can also avail 1% of the sum assured for ambulance services.

Ranjith Boyanapalli, Head - Fintech and Payments Group, Flipkart, stated that these health insurance services are paramount to Flipkart's efforts to enable essential needs for consumers during these testing times.

About the Flipkart Group

The Flipkart Group is one of India's leading digital commerce entities and includes group companies Flipkart, Myntra, and PhonePe. Flipkart has a registered customer base of over 200 million, offering over 150 million products across 80+ categories. Flipkart is known for pioneering services such as Cash on Delivery, No Cost EMI and easy returns.