Type of Policy Implication Regulatory Intervention Remarks / Expectations Medical Policies Coverage includes hospitalization due to COVID 19 if undertaken in private medical establishments 1.IRDAI has instructed all insurers to carry the message of coverage in their websites 2.For premium falling due between 25 th March – 14 th April , IRDAI has allowed premiums to be paid by the 21st of April 2020 by amendment of Sec 64VB of the Insurance Act. 3. Per IRDAI, insurers to condone delay in payment of renewal premium up to 30 days in all individual health policies - Life Policies- Retail Coverage includes death due to COVID 19 1.IRDAI has instructed all insurers to carry the message of coverage in their websites 2.Additional grace period of 30 days given for renewal premiums payable in the moths of March & April 2020 -