New Delhi: With the health and security of citizens in mind amid the COVID-19 pandemic, the Insurance Regulatory and Development Authority of India (IRDAI) has introduced a slew of regulations in recent months.
The good news for uninsured people is that the IRDAI has issued draft regulations whereby health and general insurance service providers may approach customers for standard indemnity and COVID-19 specific plans with fixed benefits.
In other words, the national regulator has granted permission to service providers to offer short-term plans to specifically cover the COVID-19 disease.
The IRDAI issued a circular saying short-term policies for COVID-19 coverage was most needed at this juncture. They have allowed the insurers to sell health policies with terms ranging from 3 months to 11 months.
This will help people who need hospitalization after testing positive for coronavirus. The cost of treatment for the infection varies, with private hospitals in some metros coming up with exorbitant bills in a number of cases.
Bhubaneswar: A day after indictment of Gautam Adani in the US in a fraud scheme,…
New York: US President-elect Donald Trump on Thursday nominated Pam Bondi, the former attorney general…
Koraput: Police on Friday claimed to have busted a ganja smuggling racket being carried out…
New York: The recent indictment of top executives of Adani Group, including its chairperson Gautam…
Bhubaneswar: The result of the Odisha Teacher's Eligibility Test (OTET)-2024 was announced on Friday. The…
Bhubaneswar: An attempt for an amicable settlement of the dispute, involving Ollywood director Bobby Islam…
Bhubaneswar: Dense fog occurred at one or two places in Sundargarh and shallow to moderate…
Mumbai: The Mumbai Police crime branch revealed that an accused in the Baba Siddiqui murder…