IRDAI circular IRDAI/HLT/REG/CIR/57/03/2022 · 28 Mar 2022
Official title
Extension of timelines for sale and renewal of short term Covid specific health insurance policies
Summary
Check the official recordThe Insurance Regulatory and Development Authority of India extends the timeline for the sale and renewal of short-term Covid specific health insurance policies. All life, general, and stand-alone health insurers may offer and renew these policies until 30 September 2022. This extension applies to Corona Kavach and Corona Rakshak policies. Insurers must continue to follow all other terms and conditions specified in the original guidelines for these products.
What you must do
Key dates
Who is affected
Exceptions
[Image omitted. See the official document.]
Ref. No: IRDAI/HLT/REG/CIR/57/03/2022
28th March,2022
To
All Life, General and Stand Alone Health Insurers (Except AIC and ECGC)
Re: Extension of timelines for sale and renewal of short term Covid specific health insurance policies
Reference is invited to the short term Covid specific health insurance policies permitted to be offered by all Insurers.
In partial modification of Clause 2 of Circular ref.no: IRDAI/HLT/REG/CIR/246/09/2021 dated 13th September, 2021, all insurers are permitted to offer and renew short term Covid specific health policies up to 30.09.2022.
Accordingly, Corona Kavach Policies offered as per Guidelines on Covid Standard Indemnity based Health Policy of Circular ref no. IRDAI/HLT/REG/CIR/163/06/2020 dated 26.06.2020 and Corona Rakshak Policies offered as per Guidelines on Covid Standard benefit based Health Policy of Circular ref no. IRDAI/HLT/REG/CIR/164/06/2020 dated 26.06.2020 are also permitted to be offered and renewed by all insurers up to 30.09.2022.
All other terms and conditions remain valid as specified under the respective guidelines.
This has the approval of competent authority.
VENKATASUBRAMANYA RAMESH DEVARAKONDA Digitally signed by VENKATASUBRAMANYA RAMESH DEVARAKONDA
Date: 2022.03.28 18:22:54 +05'30'
DVS RAMESH
General Manager (Health)
Sy no 115/1, Financial District, Nanakramguda, Hyderabad 500 032
www.irdai.gov.in
