IRDAI Gives Go Ahead to 29 Insurers to Market Corona Kavach Policy
NEW DELHI: Amid rapid increase in coronavirus cases in the country, the regulator IRDAI has given green signal to 29 general and health insurers to launch short-term ‘Corona Kavach’ health insurance policies to cover medical expenses of coronavirus disease.
Several insurers have announced the launch of the ‘Corona Kavach’ policies for three -and-a-half months; six-and-a-half months; and nine-and-a-half months with sum insured ranging from Rs 50,000 to Rs 5 lakh (in multiples of Rs 50,000).
The 29 general and health insurance companies that have been allowed to market Corona Kavach Policy include state-owned and private insurers like Oriental Insurance, National Insurance, SBI General Insurance, ICICI Lombard, HDFC ERGO, Max Bupa, Bajaz Allianz, Bharti AXA and Tata AIG.
Source : Economic Times