Vaccination Certificate - Need for visa vs insurance policy issue vs discount
When the vaccination started in March people were not aware of the areas, where the certificate will be useful. Even some persons refused to take the certificate.
Even at that time I had predicted that at some stage the certificate will become useful or we can say a necessity. My thinking was that some embassies will start asking it as one of the document. As many countries issue visa which is valid for 10 years then the traveler may not come for issue of new visa for next 9 or 10 years.
Seychelles a small island country near recently issued notification that travelers arriving in that country should carry their vaccination certificate. Means it is the entry requirement.
Reliance General for their health Insurance policy has not issued attaching of certificate as a requirement but they have made it into a very attractive deal by giving 5 % discount in the premium. This turns out to be areal good deal. Assuming your premium is Rs. 60000+GST. It means your premium will be reduced by Rs 3000 which with inclusion of GST gives you a saving of Rs 3540. We find it to be a good and attractive deal.
Life Insurance Companies are having the impact of increased claims in Term Insurance due to pandemic. Therefore Tata AIA has come out with changes in its underwriting guidelines. According to which for proposers with age 45+ attaching vaccine certificate will an important document. It means that no policy will be issue if the proposer has not gone in for vaccination.
