Mint, he talks about how the pandemic has affected the demand for health insurance and the problems with having a standard covid-19-specific product.
Edited excerpts:How many covid-19 claims have you received and how many have you settled? How has your experience been with these claims?As of 23 June, we’ve received around 700 claims and settled about 500.
The average claim size that we have received is around ₹2 lakh. Of all the claims that have come in, 4-5% have been fraudulent.The cost of treatment for infectious diseases is about ₹35,000-40,000, which is not the case with covid-19, as the length of the stay is much longer, a higher number of patients require critical care and the need for personal protective equipment (PPE) adds to the.