News From Press Irdai to take decision on extending tenure of COVID-19 related products: Chairman

Irdai to take decision on extending tenure of COVID-19 related products: Chairman

Source: The Economic Times Sep 18, 2020

Regulator Irdai is mulling over a plan to allow the tenure extension of COVID-19 specific insurance products as the vaccine for the disease is seemingly away by some more time, its chairman Subhash C Khuntia said on Thursday.

Besides, the insurance sector watchdog is also working towards facilitating a standard product for coronavirus, which will be easy to understand by policyholders and will not require "voluminous policy documents".

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