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'Insurers see 22,000 Covid death claims in FY21; sector financials unaffected'

India covid-19 death
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₹1,307 crore for an insured sum of ₹13.6 lakh crore up to May 15, 2021 Indian insurers received 22,205 death claims worth ₹1,644 crore during 2020-21 where the demise was due to COVID-19, the Reserve Bank of India (RBI) said in its bi-annual Financial Stability Report (FSR) on Thursday.

The industry settled 21,854 death claims of these amounting to ₹1,492.02 crore, it said adding that there was no significant impact on the financials of life insurers.

The claims paid ratio (provisional) stood at 98.1 per cent for individual claims and 98.6 per cent in the group category, in comparison with 96.8 per cent and 97.3 per cent, respectively, for the previous financial year, it said. "...the pandemic did not have a significant impact on death

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United States
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Deaths: 750 423
Recovered: 0
India
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Brazil
Brazil
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Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
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Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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