InvestorQ : Can I renew my COVID Kavach even after March 2021?
ramya Bhaskaran made post

Can I renew my COVID Kavach even after March 2021?

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swati Bakhda answered.
1 year ago
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Well, we have good news for all those whose renewal of COVID products like Corona Kavach and Corona Rakshak policies was due post-March 2021. Recently, IRDAI (Insurance Regulatory and Development Authority of India) has asked the insurers to continue the renewal and selling of these products till 30 September 2021. Earlier, insurers were rejecting renewal requests on the ground that IRDAI will not extend the policy renewal and sale after March 2021.

However, looking at the increase in casualties due to the second wave of the corona, IRDAI has decided to continue the sale and renewal of the product for another 6 months. These policies are designed to provide health covers at a very low premium rate, and anyone between the age of 18 to 65 can avail of the policy.

There’s also a catch to this, as several insurers are not wishing to burden themselves with the orders made by IRDAI. It is majorly because they have faced more claims than they have actually received from the premium income. So now, they have planned strategies to evade the orders by selling these insurance products offline or not providing an incentive to the agents for selling these products.

It means if the product is not available with your insurer online, you should check for it offline too. As they cannot deny is considering the order made by IRDAI.
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