‘Corona Kavach, Rakshak policies loss-making products’, insurers urge regulator for re-pricing – ET HealthWorld

Insurance policies Corona Kavach and Corona Rakshak have turned out to be loss-making products for most insurers, prompting them to seek a re-pricing from the regulator as the high claims payouts are eating into their profits. “It has turned out that Corona Kavach and Corona Rakshak have been making losses for most of the insurers. All of us launched these products in July (last year). “We are severely underpriced on Corona Raksha and Corona Kavach policies,” a top executive from a general insurance company told on the condition of anonymity.…

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