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Who needs an insurance cover against vector-borne disease
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Go for a standard vector-borne diseases policy if you don’t have a regular health plan
Recently, the insurance regulator, IRDAI, came out with a standalone standardised health cover for vector-borne diseases - Mashak Rakshak. Insurers are being encouraged to introduce this product from April 1, 2021.
Vector-borne diseases are transmitted through carriers such as mosquitoes, fleas and bugs. Malaria, dengue and chikungunya are some common vector-borne diseases. According to the World Health Organisation, over seven lakh people die every year globally on account of such diseases. So, this cover can address specific disease-related needs of people, particularly during the monsoon season when the infections rate is high.
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The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer s permission we will charge your card/ payment instrument each month automatically and renew your subscription.
In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
Updated Feb 04, 2021 | 11:03 IST
This policy, a fixed-benefit plan, will offer a maximum sum assured between Rs 10,000 and Rs 2 lakh on diagnosis and hospitalization for diseases such as dengue, malaria, chikungunya and Zika fever. Representational image
New Delhi: Mashak Rakshak, India’s first standardised medical insurance policy for vector-borne diseases, suggested by the Insurance Regulatory and Development Authority (Irda). This policy, a fixed-benefit plan, will offer a maximum sum assured between Rs 10,000 and Rs 2 lakh on diagnosis and hospitalization for diseases such as dengue, malaria, chikungunya and Zika fever.
Irda on Wednesday announced the guidelines for the policy and has asked all general and health insurance companies to offer the Mashak Rakshak to customers starting 1st April, 2021.
No income tax filing required for senior citizens if they fulfil these conditions. Details here
The senior citizen is resident in India and of the age of 75 or more during the previous year
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In the Union Budget 2021, the finance minister Nirmala Sitharaman announced that senior citizens above the age of 75 years, who only have pension and interest as a source of income will be exempted from filing the income tax returns. During her budget speech, Sitharaman said, In the 75th year of Independence of our country, the government shall reduce compliance burden on senior citizens who are 75 years of age and above.