ICICI Lombard to provide two-month’s advance salary to COVID positive employees 

Mumbai: ICICI Lombard, India’s leading private non-life insurance company, has decided to provide up to two month’s gross salary in advance to every COVID positive employee. 

Given the rapid transmission of the virus has imposed financial strain on a large section of the community, the insurer’s measure is expected to ease the burden for their employees. The individual can pay back the advance in 6 or 12 monthly instalments at a later date. 

The insurance company will also reimburse medical infrastructure support expenses up to a maximum of Rs.10,000/- per family member, arising from home quarantine in case of infected employees. The benefit also includes spouse, two children up to 25 years and dependent parents. ICICI Lombard had recently announced its decision to bear the vaccination cost for all its employees and their dependents. The insurer is also tying up with healthcare facilities in the country to further facilitate the vaccine inoculation programme. 

In a further attempt to support their employees and their families during such trying times, the company is also providing a family floater cover of Rs. 4 lakhs and corporate buffer of Rs. 3 lakhs. This insurance cover includes the employee, spouse, two children (up to 25 years of age) and dependent parents. 

ICICI Lombard’s initiative, IL TakeCare app, is also expected to provide easy access to all COVID benefits by the company – assistance for vaccination, IL Hello Doctor (providing teleconsultation facilities with qualified doctors), online claims initiation and tracking, chat with experts (on topics such as nutrition, diet, etc.), immunity booster and health risk assessment. 

ICICI Lombard General Insurance Company Ltd.

We are one of the largest non-life insurers in India based on gross direct premium income in fiscal 2019. We offer our customers a comprehensive and well-diversified range of products, including motor, health, crop, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels. 

Source: Press Release