Stock market regulator SEBI has given one year exemption to customers with demat and trading accounts to register their nominees. At the same time, the time limit of special Corona Kavach and Corona Rakshak insurance policy has been extended.
There are two news of relief and benefit for you. Stock market regulator SEBI has given one year exemption to customers with demat and trading accounts to register their nominees. Earlier this period was 31 March 2022 tax. At the same time, IRDA has extended the deadline of special Corona Kavach and Corona Rakshak Insurance Policy related to Corona by six months.
Now by amending it, it has been extended till 31 March 2023. SEBI has issued a circular in this regard. Online enrollment facility is also available. The nomination will be applicable for both trading and demat accounts. If you want, after making someone a nominee, you can also change it.
Will be able to take Corona Kavach and Corona Protector Policy till September
Insurance regulator IRDA has extended the deadline of special Corona Kavach and Corona Rakshak insurance policy related to Corona by six months. Customers will now be able to buy this policy till 30 September 2022. Earlier this policy was to be implemented only till March 31, 2022. Issuing this decision, IRDA said in its circular dated March 28 that the Corona Kavach policy, which covers the expenses related to the epidemic at a very low premium during Covid-19, has received a very strong response, in view of which the regulator has decided to extend this policy. The limit has been extended.
What is special in Corona Kavach Policy
The Corona Kavach policy is designed to cover the hospital expenses related to Covid-19. The policy term is up to 3 साढ़े months, 6 साढ़े months and 9 months. In this policy, in case of Covid, you get full cover for the medical expenses incurred in your treatment. In this policy, an insurance cover of minimum Rs 50,000 to a maximum of Rs 5 lakh is available at a premium of Rs 500 to Rs 6,000.
From the date of taking the policy, it will be deemed to be in effect after 15 days. The policy also covers ICU charges, and doctor’s consultation fees, hospital bed charges, blood tests, PPE kits, oxygen charges, checkups and diagnosis charges.
