Yes, if it can be categorized as a domiciliary hospitalization then it will cover all the expenses. The insurance ombudsman recently stated that all COVID positive cases with domiciliary hospitalization should be payable by the insurance company.
General insurance - Key takeaways from call with Secretary General, GI Council of India - ICICI Securities
Posted On: 2021-01-07 06:45:47 (Time Zone: Arizona, USA)
We hosted the Secretary General of General Insurance Council of India (industry body), Mr. MN Sarna, for a call on current scenario of general insurance industry . As we hope to emerge out of the Covid crisis, growth challenges remain with industry reporting only 1.4% growth in 8MFY21TD. However, expectations of a price hike in motor TP, manageable Covid claims and recovering growth in motor premiums remain bright spots.
- Regulator has been rightfully conscious to safeguard consumer interests: There have been several incremental measures introduced by the regulator to safeguard consumer interests. These include standardised products in health and property segments (for residences and micro and small industries / units). The latter are almost ready for final approval.