– September 17, 2020As per the chairman of the IRDAI, insurance companies in India have insured around sixty lakh people under the two COVID-19 policies. These two policies are the Corona Kavach and Corona Rakshak plans. This statistic was revealed by Mr Subhash Chandra Khuntia during the 22nd Insurance and Pensions Summit. The summit was planned by the Confederation of Indian Industry (CII). The standard indemnity Corona Kavach policy is provided by all general insurers whereas the Corona Rakshak plan is a fixed benefit plan. Since their launch, the number of Corona Kavach policies sold is around 28 lakhs and the number for Corona Rakshak plans is around 32 lakhs. The Insurance Regulatory and Development Authority of India (IRDAI) had initiated these policies due to the growing threat of the pandemic. You can buy these policies by reaching out to your preferred health insurance company in India.