In the context of outbreak of COVID 19 pandemic, IRDAI has clarified that indemnity based health insurance products that cover the treatment costs of hospitalization offered by all general and health insurance companies cover the costs of hospitalization treatment on account of COVID -19.
All insurers have been advised by the Authority vide Circular dated 30th March, 2020 insurers to expedite settlement of COVID 19 related claims. They have also been advised to display FAQs on COVID 19 claims in their respective websites.
The Authority had issued guidelines on Standard Health Insurance Policy called Arogya Sanjeevani. Now the Authority had issued clearance to the following 29 General and Health Insurance companies to market this Health Insurance Product.