Life insurers pay out Rs 11,060 crore in Covid-19 death claims

Life insurers have so far shelled out Rs 11,060.5 crore to settle Covid-related death claims, a huge chunk of which came this financial year when the second wave ravaged through the country, data compiled by Life Insurance Council — a representative body of the insurers — has revealed.
 
As of October 21, life insurers settled a little over 130,000 Covid-19-related dea­th claims. About 140,000 Co­vid-related claims have been made so far, amounting to Rs 12,948.98 crore, of which 93.57 per cent by volume and 85.42 per cent by value were settled.
 
In FY21, the industry received 22,205 such