coronavirus pandemic has shown how vulnerable businesses, corporates and even individuals are to a major downturn. The pandemic insurance cover, which currently doesn’t exist, may help people and companies deal with these types of crises in future.In an interview with Mint, Tapan Singhel, managing director and chief executive officer (CEO) of Bajaj Allianz General Insurance, said the pandemic cover could be made a mandatory add-on cover, along with the property policies for corporates and on a retail basis.
Individuals could also buy this as an add-on cover, along with their home insurance policy, he added. Edited excerpts:How did digitalization help the industry face challenges that emerged due to the coronavirus and the lockdown?Adversity.