With steady rise in the number of Covid-19 cases in India and huge demand for the pandemic-specific policies — Corona Rakshak and Corona Kavach — the insurance regulator is looking to further increase the timelines of both the policies. Currently, insurance companies are allowed to sell those policies only for 3.5 months, 6.5 months and 9.5 months.
Speaking at the ASSOCHAM’s National E-Summit—Health Insurance Under Covid Attack, T L Alamelu, member (Non-Life) of Insurance Regulatory and Development Authority of India (Irdai) said they were looking to issue instructions on how both the policies could be mainstreamed or renewed.
