In order to address various risks that have been triggered by the Covid-19 pandemic, the Insurance Regulatory and Development Authority of India (IRDAI) is considering a proposal to set up a ‘pandemic risk pool’, which will also offer protection in case of a similar crisis in the future.
The regulator has set up a nine-member committee and the panel is said to form the structure and operating model for the pool and submit its report in 8 weeks.
