Insurers seek sops to cover specially abled

General insurance companies will seek tax exemptions or direct subsidy to provide full coverage to specially abled people through new product offerings, said industry executives.

It comes after the Insurance Regulatory and Development Authority of India (IRDAI) asked the insurers to come out with a new insurance product along these lines, they said. Insurers will make a representation to the IRDAI in this regard, said a senior executive with one of the general insurance companies.