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Tags : "IRDAI"

You need to have a valid PUC certificate to renew

The Insurance Regulatory and Development Authority (IRDAI) has advised general insurance companies to ask for valid PUC or pollution under control certificates from policyholders at the time of renewal of motor insurance policies. In a circular issued on August 20, 2020, IRDAI said, “Central pollution control board (CPCB) has raised concerns regarding status of compliance […]Read More

Corona Kavach health insurance policy evokes good response: Insurers

Amid spurt in COVID-19 cases in the country, Corona Kavach health insurance policy has evoked good response within days of its launch by almost all insurers. Corona Kavach, which was launched on July 10 and is being offered by both general and health insurers, is a standard health insurance policy created to meet the treatment […]Read More

IRDAI allows insurers to offer short-term health policies for coronavirus

The Insurance Regulatory and Development Authority of India (IRDAI) has now allowed life, general and health insurers to offer coronavirus specific short term health insurance policies. These short term policies will offer insurance for a period between 3 to 11 months. These policies are permitted to be offered both as individual and group products. The […]Read More

Less than 4% of Covid-19 patients in India have insurance

BENGALURU: In the coronavirus era, policymakers are worried that the number of Covid-19 health insurance claims in India is only about 8,500 with a claim amount of Rs 135 crore. This is against total cases of 2.17 lakh – which means only 4% of people getting admitted have health insurance, as per data being submitted […]Read More