Health and general insurance companies will soon be allowed to provide insurance cover for the treatment of diseases such as mosquito and germ-borne dengue, malaria and chikungunya. The Insurance Regulatory and Development Authority (IRDA) on Friday released the draft regarding vector-borne disease standards. This will encourage general and health insurance companies to offer this type of policy for a year.
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IRDA said its objective is to bring a standard health insurance product that covers the treatment of vector-borne diseases of the people. Under the proposal, the term of the insurance policy will be one year and the waiting period will be 15 days.
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The insurance policy will cover treatment for Dengue fever, Malaria, Filaria, Kalajar, Chikungunya, Japanese fever and Zika virus. The regulator has asked the parties concerned to give their opinion on the draft by 27 November.