The accelerated pace of coronavirus is affecting mankind adversely despite government efforts for curbing the situation. It is posing additional financial burden on individuals or families to get hospitalization treatment for COVID-19. To provide support for such cases, Digital payments company PhonePe has launched India’s first COVID-19 hospitalization insurance policy called Corona Carein collaboration with Bajaj Allianz General Insurance for people who have been infected and hospitalised for covid-19 treatment. The policy will provide an insurance cover of 50,000 on a one-time payment of Rs 156 for people who are under 55 yearsof age.
