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1.28 crore people covered under corona insurance policies: IRDAI chief Subhash Chandra Khuntia

During the pandemic, two corona-specific products -- Corona Kavach and Corona Rakshak -- were launched by insurers under the guidance of the Insurance Regulatory and Development Authority of India (Irdai). Besides, the insurers also introduced coverage against COVID-19.

January 29, 2021 / 03:57 PM IST

As many as 1.28 crore lives have been covered under corona-specific insurance products in the country so far with a premium collection of over Rs 1,000 crore, IRDAI Chairman Subhash Chandra Khuntia said on Friday.

During the pandemic, two corona-specific products -- Corona Kavach and Corona Rakshak -- were launched by insurers under the guidance of the Insurance Regulatory and Development Authority of India (IRDAI). Besides, the insurers also introduced coverage against COVID-19.

"Under Corona Kavach, which is the standard product (introduced during the pandemic), 42 lakh lives have been protected; while 5.36 lakh lives have been protected through Corona Rakshak.

"And, from all kinds of corona-specific products, a total of 1.28 crore lives have been covered with a total premium of more than Rs 1,000 crore," Khuntia said.