Insurers receive 1.42-million Covid-related claims in FY22, shows data

General and health insurers have received almost 1.4 times the number of Covid-related health claims so far in FY22 than what they had received in entire FY21.
 
According to General Insurance Council data, in FY22, as of August 27, they have received more than 1.42 million claims, worth Rs 15,956 crore. Insurers have settled almost 85 per cent of the claims they have received this year.
 
So far, they have settled 1.17 million claims worth Rs 10,397 crore. In comp­arison, in FY21, insurers had received 986,366 covid claims, worth Rs 14, 560 crore and settled 849,034.
 
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