News From Press General insurance companies received over Rs 5,400-crore Covid claims

General insurance companies received over Rs 5,400-crore Covid claims

Players in the general insurance industry say that if claims continue to rise than the loss ratio in the health portfolio could increase by 8-10% only due to the ongoing pandemic.

Financial Express Oct 7, 2020

General insurance companies have received claims for over Rs 5,400 crore from Covid-19 patients across 3.49 lakh applications. Insurers have settled 2.17 lakh claims amounting to Rs 2,175 crore as on October 5. Players in the general insurance industry say that if claims continue to rise than the loss ratio in the health portfolio could increase by 8-10% only due to the ongoing pandemic.

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

ETFs trade like small-cap stocks as SEBI bans MFs’ overseas investment

NPS assets surge 27.85% y-o-y as of April 20 at ₹11.73 lakh crore

Mutual fund KYC: The hurdles and how to overcome them

Chote miyan out, bade miyan in! How MF investors are shuffling their cards

What are ESG funds, how are they different from traditional MFs?

What is the 15-15-15 Rule in Mutual Funds? How to earn Rs 1 crore faster with this formula? Check details

NPS vs mutual funds: The better choice to set up your retirement corpus

Real Estate: Secret revealed! Majority of HNIs prefer this investment model to generate wealth in realty space

Mutual fund folio addition: Smaller towns steal a march over big cities

Mutual Funds: Small, mid cap funds saw massive surge in folios in March

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

Help me get clients of other distributors who are underserved

Lead to poaching of clients

No significant effect on my business

EVENTS FORUMS