With the pandemic showing no sign of ending anytime soon, the Insurance Regulatory and Development Authority of India (Irdai) has offered relief to policyholders, allowing those who bought low-cost, standard Covid-19 policies to switch to comprehensive health insurance policies.
The short-term Covid polices — Corona Kavach and Corona Rakshak — had found many takers, and experts believe allowing portability is a positive step. S Prakash, MD of Star Health and Allied Insurance, says: “It will nudge low-cost, short-term health insurance buyers to become routine health ...
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