 "insurance, health, coronavirus")
The insurance regulator, IRDAI, has allowed general insurers and health insurers to offer the indemnity based standard Covid cover – Corona Kavach Policy – as a group product.
In fresh guidelines, the regulator said, insurers are allowed to use the standard product name for the group policy after adding the word “group”, provided all terms and conditions as applicable to the standard individual policy remain the same, except the premium rate and specification on operation of group policy.
Each insurer can price the product according to its risk assessment, health portfolio and its claim experience. The idea behind such a
