This year, life insurance Covid claims have seen a jump of 4-5 times when compared to the last year. “I have burnt fingers in the Covid health claims,” said an official of a PSU general insurer. Meanwhile, the loss ratio could go up given the resurgence in Covid claims thereby impacting the financials,” said a Care Ratings report. Over 19.11 lakh Covid health claims were reported as of June 22 as far as medical insurance or hospitalisation is concerned. Meanwhile, the loss ratio could go up, given the resurgence in Covid claims thereby impacting financials.

Source: Indian Express July 25, 2021 21:22 UTC