The Covid-19 cover will be a benefit-based product offering a 100% lumpsum if a policyholder is tested positive and hospitalised. The minimum sum assured for the product will be Rs 50,000 and it can go upto a maximum of Rs 5 lakh, as per draft guidelines.source https://economictimes.indiatimes.com/industry/banking/finance/insure/irdais-standard-coronavirus-insurance-policy-set-to-be-a-fixed-benefit-cover/articleshow/76346580.cms
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