Naval Goel covid-19 Naval Goel

60 lakh lives covered under covid-19 health policies, says Irdai chairman

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₹1.02 lakh crore and 32 lakh Rakshak policies with a total sum assured of ₹1.1 lakh crore.While Kavach has a cap of ₹5 lakh on the sum insured, Rakshak has a cap of ₹2.5 lakh.

Both these policies were launched on 10 July 2020.“Kavach and Rakshak are both small-ticket policies because they are short-duration products.

Premiums too in most cases are under ₹1,000, so I am of the view that 60 lakh is not a very big number given the country’s population.

These policies are not huge revenue churners for insurers, but they will help companies in reaching out to customers so they can cross-sell regular health policies once the covid-19-specific policies lapse," said Naval Goel, founder and CEO of PolicyX, an online insurance aggregator.In his.

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