Optimize IAS
  • Home
  • About Us
  • Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Friday Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
    • Public Administration Answer Writing
    • LAQSHYA 2021 OPTIMA – Daily Net Practice
  • PROVEN STRATEGY
    • Prelims Strategy
    • Mains Strategy
    • Interview Strategy
    • Sunday Success Sutra
  • LAQSHYA 2021 OPTIMA
  • Resources
    • DPS Compilation
    • DPN Compilation
    • Friday Factly Compilation
    • Sunday Essay Sadhna Compilation
    • Toppers Notes
      • PSIR Notes
      • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Contact Us
  • Home
  • About Us
  • Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Friday Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
    • Public Administration Answer Writing
    • LAQSHYA 2021 OPTIMA – Daily Net Practice
  • PROVEN STRATEGY
    • Prelims Strategy
    • Mains Strategy
    • Interview Strategy
    • Sunday Success Sutra
  • LAQSHYA 2021 OPTIMA
  • Resources
    • DPS Compilation
    • DPN Compilation
    • Friday Factly Compilation
    • Sunday Essay Sadhna Compilation
    • Toppers Notes
      • PSIR Notes
      • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Contact Us

IRDA

  • June 29, 2020
  • Posted by: admin1
  • Category: DPN Topics
No Comments
Print Friendly, PDF & Email

Subject: Schemes

Context:

  • Insurance Regulatory and Development Authority of India has announced guidelines on CoVID-19 standard benefit-based health policy and individual Covid-19 standard health policy.

Concept:

  • IRDAI has announced Corona Rakshak policy which is a standard benefit-based policy and Corona Kavach Policy, a standard health policy which will be offered on indemnity basis and insurers have been asked to launch the product from July 10, 2020.
  • Under indemnity health insurance plans, insurers cover the cost of medical expenses during hospitalization, while in defined benefit plans a lump-sum is paid irrespective of the actual hospital expense
  • According to the guidelines by IRDAI, minimum sum insured for Corona Kavach Policy will be ₹50,000 and maximum sum insured would be ₹5 lakh. However, for Corona Rakshak Policy, the minimum sum insured would be ₹50,000 and maximum limit is set at ₹5 lakh.

IRDAI

  • Insurance Regulatory Development Authority (IRDA) is a statutory body set up by the IRDA Act, 1999.
  • It is an autonomous and apex body which has the responsibility to regulate and control the Insurance sector in India.
  • Insurance Regulatory Development Authority (IRDA) was established after the recommendations of Malhotra Committee report of 1994. The committee had recommended for the establishment of an independent authority for the regulation of Insurance sector in India.
  • As per the section 4 of IRDAI Act’ 1999, Insurance Regulatory and Development Authority of India has composition of a Chairman; five whole-time members; four part-time members, all appointed by the Government of India.
IRDA Schemes
Print Friendly, PDF & Email
Loading

Recent Posts

  • Daily Prelims Notes 18 April 2021 April 18, 2021
  • COVAXIN April 18, 2021
  • CLASS EFFECT April 18, 2021
  • STAR DUST April 18, 2021
  • REWACONODON INDICUS April 18, 2021
  • CHOLISTAN DESERT April 18, 2021
  • ADITYA-L1 SUPPORT CENTRE (ASC) April 18, 2021
  • BLACK SEA April 18, 2021
  • CERT-IN April 18, 2021
  • SANCHI STUPA April 18, 2021

About

If IAS is your destination, begin your journey with Santosh Sir. I have the distinction of clearing all 6 UPSC CSE Prelims with huge margins.

I mastered the art of clearing UPSC CSE Prelims and in the process devised an unbeatable strategy to ace Prelims which many students struggle to do 

My Initiative

  • Daily Practice Sheets
  • Daily Prelims Notes
  • Friday Factly
  • Prelims Power Play
  • Sunday Essay Sadhna

My Proven Strategy

  • Interview Strategy
  • Mains Strategy
  • Motivational
  • Prelims Strategy

Contact us

Contact@optimizeias.com

Search