IRDAI's standard coronavirus insurance policy set to be a fixed benefit cover

The Covid-19 cover will be a benefit-based product offering a 100% lumpsum if a policyholder is tested positive and hospitalised. The minimum sum assured for the product will be Rs 50,000 and it can go upto a maximum of Rs 5 lakh, as per draft guidelines.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MR7fJv