Mahindra & Mahindra announces Rs 1-lakh health insurance
The company said it will insure a customers' loan under 'Mahindra Loan Suraksha' in case of loss of life.
New Delhi: Mahindra & Mahindra on Sunday announced an initiative to support its new tractor customers amid the second wave of the COVID-19 pandemic with provisions for health insurance of Rs 1 lakh and pre-approved emergency financial support to farmers.
Under its ‘M-Protect COVID’ plan, the company said it aims to safeguard new Mahindra tractor customers and their families against the eventuality of contracting COVID-19.
M&M said the plan includes a health cover of Rs 1 lakh through a unique COVID-19 Mediclaim policy to cover the customer in case they contract COVID-19 with home quarantine benefits.
Besides, it will also provide financial support by providing pre-approved loans to support medical expenses incurred during COVID-19 treatment.
The company said it will insure a customers’ loan under ‘Mahindra Loan Suraksha’ in case of loss of life.
“The M-Protect COVID Plan will be available on Mahindra’s entire range of tractors purchased in May 2021,” M&M said in a statement.
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