Short term Covid specific health insurance policies

Last updated: 26 March 2021

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The Insurance Regulatory and Development Authority of India (IRDAI) has extended the availability of short-term COVID-specific health insurance policies. This includes the 'Corona Kavach Policy' and 'Corona Rakshak Policy', which were initially permitted until 31st March 2021. Insurers can now offer and renew these policies up to 30th September 2021, considering the ongoing COVID-19 situation.

Insurance Regulatory and Development Authority of India

Date:24-03-2021

Short term Covid specific health insurance policies

Press Release

IRDAI permitted all general and health insurance companies to offer short term Covid specific health insurance policies vide circular ref. no: IRDAI/HLT/REG/CIR/156/06/2020 dated 23.06.2020 till 31st March, 2021.

IRDAI also introduced two Standard Covid specific health insurance products “Corona Kavach Policy” vide circular ref. no: IRDAI/HLT/REG/CIR/163/06/2020 dated 26.09.2020 and “Corona Rakshak Policy” vide circular ref. no: IRDAI/HLT/REG/CIR/164/06/2020 dated 26.06.2020. These two products were also permitted to be offered till 31.03.2021.

Taking the prevailing Covid situation into consideration, it is decided to allow all insurers to offer and renew short term Covid specific health policies including “Corona Kavach Policy” and “Corona Rakshak Policy” up to 30.9.2021.

FAQ :

The offer and renewal period for short-term COVID-specific health insurance policies, including Corona Kavach and Corona Rakshak, has been extended until 30th September 2021.

The extension applies to all short-term COVID-specific health policies, specifically mentioning the 'Corona Kavach Policy' and 'Corona Rakshak Policy'.

The Insurance Regulatory and Development Authority of India (IRDAI) permitted these policies.

The 'Corona Kavach Policy' and 'Corona Rakshak Policy' were initially permitted until 31st March 2021.