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Last Updated : May 27, 2020 05:53 PM IST | Source: PTI

Amazon India partners with Acko General to offer free COVID-19 insurance cover to sellers

The insurance will help cover the expenses related to COVID-19 hospitalisation and treatment as well as ambulance assistance and ICU charges of up to INR 50,000, and it will be valid for one year after activation, the company said in a statement.

PTI

Amazon India on May 27 announced it has partnered with Acko General Insurance to provide free health insurance for all its active sellers with regards to COVID-19 hospitalisation and treatment up to Rs 50,000.

The insurance will help cover the expenses related to COVID-19 hospitalisation and treatment as well as ambulance assistance and ICU charges of up to Rs 50,000, and it will be valid for one year after activation, the company said in a statement.

Amazon has partnered with Acko General Insurance (Acko) to manage the policy delivery and handling of claims and reimbursements. This will benefit lakhs of Amazon sellers - anyone who has had an active product listing on Amazon.in between January 2019 and May 26, 2020, the statement said.

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COVID-19 Vaccine

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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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Vice President, Seller Services, Amazon India, Gopal Pillai, said, While we sincerely hope none of our sellers needs to use this, we want to make sure they have a sense of security and one less thing to worry about and can focus on developing their business.

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First Published on May 27, 2020 04:05 pm
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