Covid-19 Vaccination is Must To Buy Term Insurance

The Buyt Desk

If you haven’t yet got COVID- 19 vaccination done then buying term insurance will be difficult. The big insurance players like Tata AIA and MAX Life have set a new protocol. They now need Covid-19 vaccination certificates from term life insurance buyers. It is anticipated that other insurance companies might follow the same suit in the coming time.

According to recent reports, Max Life is issuing new term life to individuals above the age of 45 years only if they provide their vaccination certificates. On the other hand, Tata AIA is issuing coverage to individuals who have taken their first shot irrespective of age.

A few other insurance companies are giving discounts to fully vaccinated individuals regardless of their age. Reliance General Insurance has announced a 5 % discount to buyers who have taken both jabs.

The new move of insurance companies can be considered a positive step to promote vaccination. If the final vaccination certificate is required, then an individual has to wait for 4-6 months after taking the first dose of covishield and 28 days after getting the covaxin jab.

How Can You Get Your Covid Vaccination Certificate?

The government of India is issuing covid vaccination certificate to every individual who has taken their vaccination. The certificate confirms the individual identity in addition to the vaccine confirmation. It contains the individual’s name, age, gender, vaccine name, name of person administered the vaccine, place and date of the doses.