Insurance broker Gallagher has launched the Pandemic Group Insurance product to offer comprehensive Covid-19 indemnity cover solution for the Indian market.

The product provides coverage for essential workers and front-line services including hospital and healthcare providers, food distribution, and pharmaceutical manufacturers.

Hospitalisation cover including ICU, road ambulance and access to a secondary medical opinion is offered under the new policy.

Furthermore, it includes access to all types of hospitals including private, government and military with sums insured from INR 50,000 ($660) to INR3m.

It also covers children below 18 years if either parent is a policyholder.

Gallagher international operations CEO Vyvienne Wade said: “We sought to provide a comprehensive insurance solution that enables critical workers at the front line and their families to have access to hospital care including ICU. The online and paperless claims process is also easy to manage and supported by a dedicated health claims management team.”

The policy coverage is applicable only if the insured member(s) is/are diagnosed with and hospitalised solely for, Covid-19 after an initial 15 day waiting period.

The cover has travel and pre-existing health condition exclusions, the company noted.

The Covid-19 cases in India crossed 42,000-mark with death toll climbing to 1,373.

The Insurance Regulatory and Development Authority of India (IRDAI) recently directed insurers to provide group and individual insurance cover, following revised guidelines issued by the Ministry of Home Affairs (MHA).