News > Insurance companies can now sell short-term covid-19 health plans

Insurance companies can now sell short-term covid-19 health plans

In a bid to offer better coverage to policyholders, IRDAI has sent out draft guidelines to all general and health insurance companies, mandating them to offer standard indemnity and fixed-benefit plans for covid-19.

Insurers can sell health products with a minimum term of three months and a maximum of 11 months, with a waiting period of 15 days. Fixed benefit plans will allow policyholders to opt for covid-19 plans as a supplementary plan to their existing regular health indemnity product.