In the wake of increasing instances of Covid-19 cases being reported under the Omicron variant, insurance regulator, Insurance Regulatory and Development Authority of India (Irdai), has clarified that all health insurance policies issued by all general and health insurance companies that cover treatment costs of Covid-19 also cover the costs of treatment towards the Omicron variant of Covid-19 as per terms and conditions of policy contract, according to a press release issued on Tuesday, January 3, 2022, by the regulator. Earlier, in another press release issued on April 1, 2020, Irdai had said that all the indemnity-based health insurance products that cover the treatment costs of hospitalisation offered by the general and health insurance companies cover the costs of hospitalisation treatment on account of Covid-19. |