The insurance regulator, IRDAI, has allowed general insurers and health insurers to offer the indemnity based standard Covid cover – Corona Kavach Policy – as a group product.
In fresh guidelines, the regulator said, insurers are allowed to use the standard product name for the group policy after adding the word “group”, provided all terms and conditions as applicable to the standard individual policy remain the same, except the premium rate and specification on operation of group policy.
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Specialist insurance and reinsurance market Lloyd's has announced its new cohort of InsurTech disruptors that will join the Lloyd's Lab innovation accelerator programme and includes start-ups focused on providing solutions to support the market to respond to the COVID-19 pandemic.