In a series of back and forth, the Insurance Regulatory and Development Authority of India (Irdai) has once again revised the proposed standard covid-19 health insurance policy. All general and health insurance companies will now have to offer two products: an indemnity as well as a benefit-based health product for covid-19 from July 15. “Through this product, the unaware and uninsured population can have the experience of health insurance, and then they may prefer to buy a regular health insurance policy. If you already have a regular health insurance policy with adequate cover, buying a covid-specific policy would be of little use. “I would still recommend buying a regular health insurance policy, which would cover any kind of hospitalization and not restrict you to just covid-19," said Bondia.

Source: Mint June 22, 2020 15:05 UTC