Covid-19 insurance claims spike as infection cases surge in March

Insurers have received 938,640 claims, of which 796,247 have been settled

With new cases of Covid infections on the rise in the past few weeks, hospital admissions, too, have gone up, resulting in a spike in the number of claims general and health insurance companies are receiving. 

As of March 15, general and health insurers received 938,640 claims related to Covid, amounting to Rs 14,092 crore. Insurers have settled 796,247 claims, amounting to Rs 7,418.62 crore, thereby settling almost 85 per cent of the claims reported.

But there is a disconnect between the amount claimed and the amount settled by insurers. The average Covid claim received by insurers is around Rs