Swine Flu Insurance: IDBI Fortis Life Insurance offer Insurance for Swine Flu H1N1: Finance Trading Times

Swine Flu Insurance: IDBI Fortis Life Insurance offer Insurance for Swine Flu H1N1

Here comes a big news of respite for people who have bought life insurance policy and are worried whether their life insuracne will actually cover for the death due to Swine Flu. Since at the time of buying the life insurance policy, the policy wording usually states the no. of diseases for which the policy holder will be covered. In case of death due to disease, Life Insurance amount is paid to the nominee only if the death has been caused by one of the listed diseases in the policy. This list is available only at the time of buying the life insurance, and usually it cannot be amended later. Swine Flu Insurance
However, there is a big panic among the people in countries where Swine flu is creating a Havoc. Not only are the people worried about being hit by the Swine flu virus, they are also worried whether the insurance cover they have bought for themselves to cover for their life insurance, will it cover the deaths due to Swine flu.

Fortunately, the IDBI Fortis Life Insurance company has declared that it will include Swine Flu deaths as one of acceptable diseases for Life Insurance claims, even if it was not included in the list of diseases at the time of buying the life insurance policies.

As of now, there are 17 disease listed for which Life Insurance from IDBI Fortis Life Insurance can be claimed. Addition of Swine Flu will take the count to 18.
As per the news reported, "Insurance will be given in the case of death due to the H1N1 virus even though the disease has not been mentioned at the time of buying the policy," IDBI Fortis Life Insurance Managing Director and Chief Executive Officer G V Nageswara Rao told media here. However, the disease will continue to be out of the firm's policies, Rao said
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