IRDAI allowed 30 general and health insurers to launch short-term ‘Corona Kavach’

Insurance Regulatory and Development Authority of India, IRDAI has allowed 30 general and health insurers to launch short-term ‘Corona Kavach’ health insurance policies. The policy will cover medical expenses occurred due to coronavirus disease.

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Key-Points

IRDAI has designed a standard Covid specific product addressing basic health insurance needs of insuring public with common policy wordings across the industry.

The policy will cover medical expenses occurred due to coronavirus disease. The policy shall also cover pre hospitalisation expenses for 15 days and post hospitalisation expenses of 30 days.

The sum insured amount of the policy ranges between Rs. 50,000 to Rs. 5 Lakh. This policy can be availed by persons between the age of 18 to 65 years. People can avail the Corona Kavach policy for Self, spouse, parents, parents-in-law and dependent children up to 25 years of age.