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.
The regulator earlier withdrew the indemnity policy which it had proposed in the first week of June and recommended a benefit-based product.
Read more here.Mint reviewed the new draft guidelines for both the policies. Among other changes, the provision for covering the cost of PPE kits and no sub-limits on room rent stands out.