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IRDA finalises short-term standard Covid-19 policies,asks insurers to launch them by July 10

To be mandatorily termed as “Corona Rakshak Policy’’ it has been made mandatory for all the general insurers and exclusive health insurers, while life insurers have been encouraged to launch such products(benefit based) .  
The benefit based policies, to be launched by a life insurers, will have a minimum sum insured of Rs50,000 and a maximum limit of Rs.2,50,000 (in the multiples of fifty thousand).For the standard covid indemnity policies, to be launched by the domestic  general insurers and exclusive health insurers, the maximum sum assured can be Rs 5 Lakh (in the multiples of fifty thousand)
Both COVID Standard benefit based health policy  and indemnity based health policies should  be offered with a policy term of three and half months (3 ½ months), six and half months (6 ½ months) and nine and half months (9 ½ months) i.e,105 days,195 days and 285 days respectively, clarified IRDA..

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Maharashtra bans guru’s ‘spurious’ coronavirus treatment

Earlier yesterday, Ramdev had launched Coronil and Swasari as Ayurvedic cure for Covid-19, stressing that the medicines had been tested in “a clinical case study and clinical controlled trial”, which found that “69 percent patients recovered in three days and 100 % patients recovered within seven days” of the treatment.

Hours after its launch, India’s federal government asked Patanjali to provide details about Coronil, trials and sample size and asked the company to stop advertising the product until it had been approved.

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