Life insurers shell out Rs 2,000 crore as Covid-19 death claims, shows data

Life insurers, 24 in total, have spent crores on Covid-19 death claims, which are over and above the normal death claims they receive every year.
 
As of March 25, life insurers have paid Rs 1,986 crore towards 25,500 Covid death claims, according to data compiled by the Life Insurance Council. The figures are not in public domain as yet.
 
The amount paid as claims towards deaths caused by Covid is not yet alarming to the extent that it will impact the balance sheet or solvency ratios of companies. However, it will take a toll on profitability of companies