It’s only a trickle so far, but health insurance companies have started receiving claims from covid-19 patients after the government allowed private hospitals to treat the disease last week.
According to data compiled by the General Insurance Council, an industry body for non-life companies, as on 30 March, the insurance sector has received 34 claims, with a total claim size of around ₹58.05 lakh.
Of this, the industry has settled 10 claims so far of ₹14.2 lakh, placing the average claim at about ₹1.42 lakh. When the government allowed private labs to test people for the virus, it recommended a cap of ₹4,500, but in the case of treatment there is no limit.