Covid-19 loss experience on the rise in India
The Indian regulatory authority (IRDAI) reported that as of 22 June 2021, the number of Covid-19- related medical insurance and hospitalization claims reached 1.911 million. 80% of them have been settled by insurance companies for a total sum of 150 billion INR (2 billion USD).
55 276 deaths due to Covid-19 have been reported in life class of business. Insurers have compensated 88% of the claims for 35.93 billion INR (484.31 million USD).
The repudiated claims were set at 4% in health and 0.66% in life insurance.
Read also | Non-life insurance compagnies in India
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Tue, 29/06/2021 - 15:32
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