Insurers Goldstar, Prudential Team Up To Offer COVID19 Insurance

Since its emergence in China late last year, the Corona virus has spread to every continent as cases are rapidly rising daily in Uganda.  INTERNET PHOTO Since its emergence in China late last year, the Corona virus has spread to every continent as cases are rapidly rising daily in Uganda.

Goldstar Insurance and Prudential Uganda have teamed up to offer a new insurance cover to offer life insurance cover to Goldstar’s Workman’s Compensation and Group Personal Accident Policyholders.

The new insurance product called COVID19 Group Life Extension Insurance Cover covers groups of individuals of companies and organizations against devastating COViD19 pandemic. It is underwritten by Prudential.

In the new partnership, Prudential shall offer cover against Natural Death to all Goldstar Workman’s Compensation and Group Personal Accident Policyholders against death due to natural causes.

Goldstar Insurance said this cover is an extension of your existing Workman’s Compensation & Group Personal Accident policy with Goldstar to bridge the gap left out by this class of insurance.

“The death benefit enshrined under the traditional workers' compensation and group personal accident is only payable if death is due to accidental causes and does not include death due to natural causes including Covid19,”

“Because of the above shortcoming, Goldstar Insurance has partnered with Prudential Life to offer cover against natural death to all Goldstar and GPA Policy Holders and death due to Covod19 is hereby covered,” Goldstar has said.

According to Wikipedia, the COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing pandemic of coronavirus disease 2019 (COVID‑19), caused by severe acute respiratory syndrome coronavirus 2 (SARS‑CoV‑2). The outbreak was first identified in Wuhan, China, in December 2019.

The World Health Organization declared the outbreak a Public Health Emergency of International Concern on 30 January, and a pandemic on 11 March.

As of 24 May 2020, more than 5.35 million cases of COVID-19 have been reported in more than 188 countries and territories, resulting in more than 343,000 deaths. More than 2.14 million people have recovered from the virus.

 

Last modified onTuesday, 26 May 2020 11:47

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