Discount in premium in Corona Kavach Policy to Healthcare Workers: As a gesture of acknowledgment of the contribution of healthcare sector in the nation’s fight with Covid-19, IRDAI asked the insurance companies to provide a 5% discount in premium of “Corona Kavach" to doctors, nurses and other healthcare workers. “All eligible individuals may avail the discount at the point of purchase of ‘Corona Kavach," read the IRDAI notice.
IRDAI also maintained that the resulting premium amounts under each frequency shall be consistent with premium amounts under other premium payment frequencies of the policy.