As cases rise sharply, Corona Kavach policy a big hit amongst consumers

The high demand for the policy has brought cheer for insurance companies

The fear of contracting coronavirus is pushing more and more individuals to cover themselves under standard health insurance policies such as Corona Kavach. Launched last month, the Kavach plan has seen positive uptake from customers.

The product was launched on July 10, with the insurance regulator giving its nod to 30 non-life insurers to offer the product forthwith. According to the regulator’s mandate, it has to be offered by all health insurers, despite traditional health policies covering Covid care.

Given a large section of the population still does not have health insurance cover, the idea was to offer policyholders protection