Page 52 - The Insurance Times October 2021

8. It may be noted that the model product structure and 4. All other terms and conditions remain valid as specified
suggested insurance coverages brought out in the under the respective guidelines.
guidance documents are indicative and not intended to 5. This has the approval of competent authority.
be an exhaustive list of requirements. In addition to
common reference framework contained in the
(DVS RAMESH)
document, it is equally important for insurers to
consider the emerging insurable cyber perils and provide General Manager (Health)
to customers a core insurance protection against cyber
risks. Extension of timelines for (a) Issuance of
Please acknowledge this circular and confirm having Electronic Policies and (b) Dispensing with
noted its contents. Physical documents and wet signature on
the proposal form in respect of health
Yegnapriya Bharath
Chief General Manager (Non-Life) insurance policies

IRDAI/HLT/REG /CIR/ 248/09/2021
Extension of timelines for sale and
renewal of short term Covid specific Date:14-09-2021
health insurance policies 1. Reference is drawn to the Circulars Ref No: IRDAI/HLT/

IRDAI/HLT/REG/CIR/246/09/2021 REG/CIR/235/09/20 dated 10th Sepetember,2020 and Ref
No: IRDAI/HLT/REG/ CIR/062/03/2021 dated 24th March,
Date:13-09-2021
2021 on (a) Issuance of Electronic policies and (b)
dispensing with physical signatures and wet signature on
1. Reference is invited to the short term Covid specific
the proposal form in respect of health insurance policies.
health insurance policies permitted to be offered by all
Insurers. 2. In view of the continuing situation of Covid-19 pandemic,
2. In partial modification of Clause 2 of Circular ref.no: in partial modification of Clause No. 5 of the within
IRDAI/HLT/REG/CIR/061/03/2021 dated 24.03.2021, all referred circular dated 10th September, 2020 the
insurers are permitted to offer and renew short term timelines for (a) Issuance of electronic policies and (b)
Covid specific health policies up to 31.03.2022. dispensing with physical signatures and wet signature on
the proposal form in respect of health insurance policies,
3. Accordingly, Corona Kavach Policies offered as per
stand extended up to 31st March,2022.
Guidelines on Covid Standard Indemnity based Health
Policy of Circular ref no. IRDAI/HLT/REG/CIR/163/06/2020 3. All other provisions of the above referred circular dated
dated 26.06.2020 and Corona Rakshak Policies offered 10th September, 2020 remain unchanged.
as per Guidelines on Covid Standard benefit based Health 4. This has approval of the competent authority.
Policy of Circular ref no. IRDAI/HLT/REG/CIR/164/06/2020
dated 26.06.2020 are also permitted to be offered and (D V S Ramesh)
renewed by all insurers up to 31.03.2022. General Manager (Health)

120k lives lost last year in road accidents caused by negligence

A total of 1.20 lakh cases of "deaths due to negligence relating to road accidents" were recorded in 2020 in India. On
an average, 328 people lost their lives every day, government data showed. National Crime Records Bureau's (NCRB)
in its annual 'Crime India' report for 2020 showed, as many as 3.92 lakh lives have been lost in three years in deaths
due to negligence related to road accidents. The report said, in 2020 alone, there were 41,196 cases of “hit and run"
while there were 47,504 such cases in 2019 and 47,028 in 2018. On an average, there were 112 cases of “hit and run"
reported across the country every day in the past year, according to the data. Hurt by rash or negligent driving on
public way stood at 1.30 lakh in 2020. In 2019, the same stood at 1.60 lakh and 2018, it was 1.66 lakh, while the cases
of “grievous hurt" stood at 85,920, 1.12 lakh and 1.08 lakh, respectively.

52 The Insurance Times, October 2021