Covid-19: Impact on the Indian Insurance Industry, says that the two productive months for the insurance industry—March for life insurance and April for non-life corporate renewals—have been hit by around 30% and 15%, respectively.
It further emphasizes the changes insurers will have to bring about in terms of their product categories.Health insuranceAccording to the report, private health insurance schemes cover only 18% of the population in urban areas and a little over 14% in rural areas.