The insurers should make efforts to have agreement with health providers on rates for treatment of Covid-19 similar to other diseases for which rate agreements are in place, IRDAI said
The country's largest life insurer LIC contributed Rs 14,345.70 crore or 58 per cent to the total premium generated during the month, showed IRDAI data
While insurers now see the physical and mental diseases from the same prism, the treatment of former is quite different from the latter
Under such focussed products, insurance companies can bring together medical experts to make aware policy holders on steps to be taken to prevent various diseases
In India, insurers have started using drones in crop cutting experiments and survey of industrial units for the purpose of granting property insurance programmes
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