Covid to high insurance coverage claims in Q1, Well being Information, ET HealthWorld

Covid to top insurance claims in Q1Mumbai: Even because the second wave of Covid ebbs, claims proceed to pour in for medical health insurance firms. Because of this, payout as a result of Covid claims is prone to exceed the insurance coverage claims of different illnesses within the first quarter of the present fiscal.

Insurance coverage firms have already settled claims of greater than Rs 16,000 crore as a result of Covid and the numbers are nonetheless rising, in response to trade executives.

Bhargav Dasgupta, MD & CEO, ICICI Lombard Common Insurance coverage in an analyst name mentioned that the second wave impacted the prosperous class having higher insurance coverage. “Covid claims are considerably increased and the reporting tail is longer. Even because the variety of circumstances got here down, average and demanding circumstances had considerably elevated,” he mentioned. ICICI Lombard has elevated costs for group medical health insurance following increased claims.

“As an trade, we

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