Insurance Regulatory and Development Authority of India (Irdai) on Friday released draft guidelines for the launch of standard health insurance products for vector-borne diseases by general and health insurers.
These diseases include dengue, malaria, filaria, kala-azar, chikungunya, Japanese encephalitis and zika virus.Insurance companies can offer any one or a combination of the vector-borne diseases and can price a policy for every covered disease separately.
These policies can have a waiting period of 15 days and the premium will be on a pan-India basis and no zone based pricing has been allowed.A standard product means that the coverage for a particular policy is uniform among all insurance companies.