People are taking Corona Kavach insurance policy in hand, know what is the reason

People are taking Corona Kavach insurance policy in hand, know what is the reason

People are taking Corona Kavach insurance policy in hand, know what is the reason
People are taking Corona Kavach insurance policy in hand, know what is the reason

Corona Kavach Health Insurance Policy has become extremely popular with the arrival in the market. In view of the spread of Covid-19 epidemic, almost all general and health insurance companies have started offering this product for treatment of Corona virus infection from July 10. The aim is that people can get a health insurance cover at a reasonable rate to treat this epidemic.

What are the features?

In this, the policy is being sold for three and a half months to nine and a half months. In this, the maximum amount of medical expenses of the insured person has been kept at five lakh rupees. Insurance regulator IRDA has approved companies for this.

What are the experts saying?

Amut Chhabra, head of the health insurance business of the policy market, said, "There has been a very good response to this as people are willing to buy this plan." The policy is selling. Most of the young people are taking this policy.


What is the reason of interest?

He said that this policy is at a very reasonable rate. It can be taken at a minimum premium of up to Rs 208 monthly, which is very cheap. People from Maharashtra, Tamil Nadu, Karnataka and Delhi NCR have shown more interest in it.


Subramaniam Brahmajosiyula, head of SBI General Insurance Company's underwriting and reinsurance business, said it also offers options like family floater and hospital daily cash of Rs 2500 per day on insurance of Rs 5 lakh, making it more attractive.


IFFCO Tokyo General Insurance Executive Vice President (Underwriting) Subrata Mandal also said that the product released on Covid-19 has been released only a week and people have been attracted. The person can buy the corona armor for themselves and their spouse, parents, in-laws and dependent children under 25 years of age.


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