HDFC ERGO PARTNERS WITH VISA TO PROVIDE SPECIALIZED INSURANCE POLICIES FOR BUSINESS CARDHOLDERS
Chennai, June 1st, 2021:HDFC ERGO General Insurance, India’s leading private sector general insurance compa ny, announced its partnership with Visa, the leader in digital payments. The partnership will provide curated insu rance coversfor Visa’s business cardholders.
To start with, the partnership will offer two insurance products – Business Suraksha Classik and my:Credit Personal Accident Insurance group policy:
- Business Suraksha Classik policy will provide small traders and shop owners a safety mechanism from accidents due to Fire, Floods, Earthquake, Burglary, Cash in kept in a safe, among others with enhanced add-ons under the Fire section like spontaneous combustion, waiver of under insurance up to 15%, increased limits for architect/surveyor fees and removal of debris.
- my:Credit Personal Accident Insurance group policy is broadlydivided into two different insurance offerings that can be customized, namely – AccidentShield and Permanent Disability plan. Under Accident Shield, the sum assured will be provided to an individual (or family of an individual) if the insured sustains an injury due to an accident which shall within twelve months of its occurrence is the sole and direct cause of death. In case the insured is permanently disabled due to an accident then the Permanent Disability benefit will cover the individual as per the sum assured under the plan.
Speaking about the partnership Mr. AnkurBahorey, President –Ban cassuranceBusiness, HDFC ERGO General Insurance Comp any said, “Traditionally SME owners have given limited attention to business risk management, which often makes them vulnerable tow ards several factors such as theft or Act of God, unforeseen health con ditions, loss of income due to reasons beyond their control etc. They also need to consider employee benefits, assets & liability manag ement and; most important; family protection. We believe SMEs now need to draw up a prudent financial strategy to navigate through such unplan ned & unfortunate incidents. With this association, we will deliver sol utions as well as a sense of security to SMB owners and their respective employees.”
