Financial Tribune - Iran Insurance Company and Saman Insurance company have extended life insurance policies to cover hospitalization and death due to infection to the new coronavirus.

Iran Insurance Company announced on Tuesday that life insurance policyholders will be eligible for the scheme without any change in the policies they bought earlier.

Saman insurance said the cover includes hospital bills of those who have purchased life insurance policies. Policyholders pay no extra fees to receive the coverage, according to Saman's public relations office.