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Union Budget 2021: Make insurance more affordable, attractive proposition for customers Due to COVID-19, the consumer mindset has undergone a tectonic shift from looking at health insurance as a priority to seeing it as a necessity, says ManipalCigna s Prasun Sikdar FP Staff January 31, 2021 19:54:53 IST Crafting the safety net The healthcare sector must be supported and encouraged to expand and thrive so that it can make a real difference to the country’s economy and employment. COVID-19 has been a rude wake-up call with regard to health insurance many understood the need to have one as the pandemic struck. In the wake of COVID-19 ....
From Corona Kavach to Corona Rakshak, insurance regulator IRDAI made intense efforts throughout the pandemic-disrupted 2020 to ensure adequate choice of insurance policies for individuals that cover treatment costs for coronavirus-related health issues. This year, the regulator s noteworthy initiatives include introduction of standard products with a view to enhance consumer confidence as well as easier Know Your Customer (KYC) norms. As COVID-19 started spreading in March, the watchdog asked insurers to expeditiously settle hospitalisation claims concerning treatment related to coronavirus infections. And the Insurance Regulatory and Development Authority of India (IRDAI) also directed insurance companies to design specific products to cover the cost of treatment related to coronavirus. Soon, short-term Corona Kavach policy was launched. ....
BW Businessworld Catering To Consumers In Coronavirus Times, IRDAI Pushes New Products, Easier KYC Norms The COVID-19-specific products came out in July. Prior to that, there were a handful of such covers but those were mostly low sum-assured products. Photo Credit : Shutterstock From Corona Kavach to Corona Rakshak, insurance regulator IRDAI made intense efforts throughout the pandemic-disrupted 2020 to ensure adequate choice of insurance policies for individuals that cover treatment costs for coronavirus-related health issues. This year, the regulator s noteworthy initiatives include introduction of standard products with a view to enhance consumer confidence as well as easier Know Your Customer (KYC) norms. ....
Catering to consumers in coronavirus times, IRDAI pushes new products, easier KYC norms NEW DELHI, Dec 28:From Corona Kavach to Corona Rakshak, insurance regulator IRDAI made intense efforts throughout the pandemic-disrupted 2020 to ensure adequate choice of insurance policies for individuals that cover treatment costs for coronavirus-related health issues. This year, the regulator’s noteworthy initiatives include introduction of standard products with a view to enhance consumer confidence as well as easier Know Your Customer (KYC) norms. As COVID-19 started spreading in March, the watchdog asked insurers to expeditiously settle hospitalisation claims concerning treatment related to coronavirus infections. And the Insurance Regulatory and Development Authority of India (IRDAI) also directed insurance companies to design specific products to cover the cost of treatment related to coronavirus. Soon, short-term Corona Kavach policy was launched. ....