Insurance Regulatory and Development Authority of India
Ref. No:525/IRDAI/HLT/CK/2020-21
Date:10-05-2021
Availability and Renewal of Standard Corona specific products
PRESS RELEASE
The Authority is in receipt of complaints stating that some of the insurance companies are not issuing Corona Kavach and Corona Rakshak Policies. In this regard, it is clarified that all General and Health Insurers are mandated to offer Corona Kavach Policy vide guidelines dated 26.06.2020.
Insurers were also advised to offer renewal of Corona Kavach and Corona Rakshak Policies vide circular dated 13.10.2020.
On 06.05.2021, all insurers, as applicable, were advised to continue offering Corona Kavach and Corona Rakshak Policies and also to renew these policies.
A copy of the letter dated 06.05.2021 is attached for information of all stakeholders.
