The Insurance Regulatory Development Authority of India (IRDAI) has recently allowed insurance companies to provide the Corona Kavach policy as a group insurance policy. This will benefit many companies and establishments as they can provide their employees protection against COVID related medical expenses. Front line workers can also take advantage of this policy. In fact, if an entire group consists of doctors, nurses, and/or healthcare workers, they will be eligible for a 5% discount on the overall premium payments as a mark of respect for their contribution towards fighting the pandemic.

All the terms and conditions applicable to the individual Corona Kavach policy will be applicable to the group policy. The short-term Corona Kavach policy can be issued to the public for durations of three-and-a-half months, six-and-a-half months, and nine-and-a-half months. The insured amount varies from Rs50,000 to Rs5 lakh.