The Insurance Regulatory and Development Authority of India (Irdai) has advised all health insurance companies to provide medical cover for Coronavirus (COVID-19) in order to avoid any hardships with immediate effect.

Irdai has issued guidelines regarding the same. The instructions are issued under the Provisions of Section 14 (2) of Irdai Act. "If coverage is granted for treatment of hospitalisation expenses, in order to alleviate hardships that may be caused to policyholders, all claims reported under coronavirus shall be handled," the circular isssued by the insurance ...