Dip in Covid-specific policy sales as consumers go for comprehensive covers

However, despite losing money on short-term Covid products, insurers say they will offer them till the regulator specifies

Demand for short-term Covid-specific policies has dipped considerably with consumers understanding the need to get comprehensive coverage against all health-related risks and insurers reluctance to aggressively push for such products, given the huge claims they have seen from this segment and the low premiums that these products fetch.  

However, despite losing money on short-term Covid specific products, insurers say they will offer them to customers till the time the regulator has specified.

Recently, the insurance regulator issued circular asking insurers to offer and renew short-term Covid specific products, including Corona Kavach and Corona Rakshak till March 31, 2022. It had