COVID-19 3rd Wave: IRDAI RENEWS Corona Kavach Policy amidst third wave anticipation - Check details here

COVID-19 3rd Wave: Insurance regulator IRDAI ordered renewal and purchase of corona special policy for the next six months, that is, till March 31, 2022. The IRDAI had ordered the launch of special Corona Kavach Policy last year to provide relief to the common man but the renewal of the policy was only till September 30, 2021. Now, the IRDAI had ordered renewal for another six months due to the anticipation of COVID-19 3rd wave.

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Zee Business reporter Anurag Shah has reported that the renewal and purchase of corona products have been increased by six months due to the fear of the third wave.

What are the products under Corona Kavach Policy?

The products under this policy are as follows:

1) Indemnity Health Insurance Products, Hospital Expenses Cover

2) Insurance amount in basic cover ranging from Rs 50,000 to Rs 5 lakh

3) Cover for three and a half months, six and a half months and nine and a half months

4) Waiting period applicable for 15 days on new policy

5) Anyone between the ages of 18 and 65 can buy

6) 14 days home warranty also cover the cost of treatment to be done during home warranty

7) The same product of all companies

8) Include all expenses associated with corona treatment

9) Premium lower than rest of health insurance policy

Shah reported that the Corona Kavach Policy covering hospital expenses at a much lower premium has received a very strong response.

Now, the Corona special products have been renewed till March 31, 2022. It must be noted that Corona products received strong response at lower premiums and millions of people took coverage of corona policy at a much lower premium.

Speaking of the COVID-19 scenario of the country, as per the data released by the Ministry of Health and Family Welfare, India reported 27,254 new cases in the last 24 hours.