IRDAI gives go ahead to 29 Insurers

Corona Kavach policy

Highlights :

IRDAI gives go ahead to 29 Insurers to market Corona Kavach Policy
The companies allowed include state owned and private insurers
The Corona Kavach policy can be availed by a person between 18 and 65 years of age.

Amid rapid increase in the Corona Virus cases in the country, the regulator IRDAI has given the green signal to 29 general and health insurers to launch short term 'Corona Kavach' Health insurance policies to cover medical expenses of corona virus disease.

Several Insurers have announced the Corona Kavach policy for 3.5 months, 6.5 months, 9.5 months with sum insured ranging from ₹ 50,000 to ₹ 5,00,000 ( in multiples of ₹ 50,000 ).

The companies allowed include :

Oriental Insurance, National Insurance, SBI General Insurance, ICICI Lombard, HDFC ERGO, Max Bupa, Bajaj Allianz, Bahrti AXA and Tata AIG.

The Corona Kavach policy, which can be availed by a person between 18 and 65 years of age, comes with an optional cover of daily cash benefits of 0.5 % of the sum insured during the period of hospitalization subject to a maximum of 15 days.

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