Indian citizens covered against Covid-19

COVID-19In India, at least 12.8 million people benefit from a Covid-19 coverage. Covid-19 insurance premiums have reached 10 billion INR (137 million USD).

During the pandemic, two corona-specific products: Corona Kavach and Corona Rakshak were launched by insurers under the supervision of the IRDAI.

Insurance companies also updated their own policies to cover the Covid-19 risk.

According to the IRDAI, the number of Covid-19 insurance policy underwritings and renewals is expected to decline due to the falling number of coronavirus cases in India.

Read also | Injection of funds into three Indian insurance companies

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