HomeNewsIndiaAegon ties up with Flipkart for life insurance plan with COVID-19 cover

Aegon ties up with Flipkart for life insurance plan with COVID-19 cover

Aegon said the insurance cover is the first in the industry that will provide life and hospitalization cover for COVID-19.

May 27, 2020 / 17:34 IST
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Aegon Life Insurance on May 27 announced the launch of  'Life Insurance with COVID-19 cover' in tie-up with e-commerce giant Flipkart.

The plan that provides Flipkart customers with a comprehensive insurance cover against COVID-19, can be availed on the Flipkart app instantly along with the base life insurance plan, Aegon Life Insurance said in a release on Wednesday.

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Aegon said the insurance cover is the first in the industry that will provide life and hospitalisation cover for COVID-19.

Follow our full coverage of the coronavirus pandemic here.

COVID-19 Vaccine
Frequently Asked Questions

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How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.
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PTI
first published: May 27, 2020 03:35 pm

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