Only 14% had taken life cover in the deaths due to Covid

BusinessOnly 14% had taken life cover in the deaths due to Covid

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Only 14% had taken life cover in the deaths due to Covid

New Delhi: What is the status of insurance coverage in the country, it can be gauged from the fact that claims were claimed in less than 15 percent of the deaths due to corona. Due to Corona epidemic, 3.91 lakh people have died across the country. However, out of this, only 14 percent i.e. 55,276 deaths have received insurance claims. This gives an idea of ​​the bad condition of life insurance coverage in the country.

According to L Alamelu, Member (Non-Insurance) of Insurance Regulatory and Development Authority of India (IRDAI), 44,484 claims worth Rs 3593 crore have been settled in these 55,276 claims, about 88 per cent. On the other hand, till June 22, the insurance companies have settled about 80 percent or more than 15.39 lakh health claims, which were claims of more than Rs 15 thousand crore. According to Alamelu, when it comes to medical insurance or hospitalization, till June 22, more than 19.11 lakh Covid health claims were made.

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