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Irdai to bring in standard vector-borne disease cover of up to Rs 2 lakh

Policyholders can choose protection against any one or more ailments such as dengue, malaria, filaria, etc; price for every covered disease to be set separately

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The standard cover entails one base cover which will be offered on an indemnity basis and at most two optional covers which will be offered on a benefit basis.

Subrata Panda Mumbai
After bringing in a standard health cover, covid cover, and term cover, now the insurance regulator has released an exposure draft for a standard vector borne disease health policy which will have a minimum sum assured of Rs 10,000 and a maximum of Rs 2 lakh.

This standard product will, essentially, provide coverage against vector borne diseases such as dengue, malaria, filaria, kala-azar, chikungunya, Japanese Encephalitis, and Zika virus. Policyholders can choose to protect themselves against any of the diseases or a combination of such vector borne diseases. And, insurers shall set the price for every covered disease separately and

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First Published: Nov 13 2020 | 8:27 PM IST

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