Canada-based La Capitale Insurance and Financial Services has introduced complimentary Covid-19 hospitalisation coverage to its clients with Critical Illness insurance.
The insurer is offering the coverage free of cost only for customers with Critical Illness insurance acquired individually.
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However, clients who purchased the cover not via group insurance offered by an employer can’t avail the benefit.
“Coverage for Covid-19 hospitalisation is a natural complement to Critical Illness insurance, when the consequences for a family are considered. This type of insurance was designed to deal with the financial impact of being diagnosed with a serious illness,” the company said.
The cover comprises a lump-sum amount of $2,000. The policy covers the insured, the spouse, and children under age 18.
La Capitale Insurance and Financial Services chairman of the Board and CEO Jean St-Gelais said: “La Capitale is listening to what its members need, and we believe that this type of coverage can help reduce the financial stress when a family member is hospitalised.
“Our mission as a mutual company has always been to value and protect what our members hold most dear. This measure affects thousands of families in all provinces across Canada.”
The insurer, which has a strong presence across Quebec and throughout Canada, said that this benefit will be automatically added to individual Critical Illness insurance contracts.
The coverage will be available until the end of July this year.
