Mint has a copy of the new draft guidelines.Early in June, Irdai sent draft guidelines for a standard covid-19 health insurance product to all general and stand-alone health insurance companies.
It was a one-year indemnity policy with the option of only two add-ons. Insurers were asked to offer the product starting 15 June.
Mint reviewed the draft guidelines and found that it was of little use. You can read more about it here and here.According to the new draft guidelines, the minimum sum insured under this policy would be ₹50,000.
You can opt for a sum insured in multiples of ₹50,000, up to ₹5 lakh.What is the product?The proposed product shall be called “Covid-19 standard individual benefit-based health policy" followed by the name of the.