Corona Kavach’ indemnity health insurance policy for covid-19 from 10 July. Other than this, insurers have also been encouraged to offer a standard fixed-benefit product as well as short-term covid-19-specific policy.
You can find the product features here.According to insurers, the intention behind mandating a product for covid-19 is to ensure that the uninsured population has some amount of financial cushion.
However, the price has a big role to play, and offering short-term products for covid-19 at affordable premiums may not be possible, said insurers.“As an insurer, we’ve still not seen the peak rate for covid-19 and per day reported incidence is expected to increase.