News From Press Insurers settle Rs 3,435-crore Covid claims as of November 3

Insurers settle Rs 3,435-crore Covid claims as of November 3

According to the Ministry of Health and Family Welfare, there were 5.27 lakh active cases in India as on November 5. The number of people discharged was 77.11 lakh and 1.24 lakh died due to the pandemic.

Financial Express Jan 1, 2020

Claims arising from the novel coronavirus continue to rise for general insurance companies. Non-life insurers have received claims of more than Rs7,973 crore through 5.18 lakh applications, and settled 3.97 lakh claims amounting to Rs3,435 crore as on November 3. Market participants say if there is a ‘second wave’, it would have a negative impact on the health portfolio.

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