Insurance companies received 28.46 lakh claims for Rs 36,003 crore in the last 22 months (till February 4) from people affected by the coronavirus, with claims worth Rs 4,300 crore coming in the last four months.
Of this, insurers have settled 25.53 lakh claims for Rs 23,595 crore to date for the reason that Covid pandemic started in March 2020, in accordance to figures compiled by the General Insurance Council. Companies have repudiated 1.98 lakh claims for Rs 1,459 crore to date. Maharashtra reported the utmost variety of claims at 9.3 lakh for Rs 9,637 crore, adopted by Gujarat with 3.44 lakh claims for Rs 4,345 crore, and Tamil Nadu with 2.85 lakh claims for Rs 4,144 crore. Insurers settled 8.46 lakh claims for Rs 6,511 crore in Maharashtra.
The common dimension of the Covid declare on the all- India degree works out to Rs 1,26,467 whereas the dimensions of the settled declare per particular person is Rs 92,411. Indicating poor health cover penetration, insurers acquired solely 93,386 claims for Rs 701 crore from Kerala, which reviews the most Covid circumstances now. The common dimension of the declare settled per particular person in Kerala can be one of many lowest at Rs 57,294. Uttar Pradesh accounted for the utmost quantity settled per particular person at Rs 1,24,720.
Telangana reported the very best common per particular person Covid declare of Rs 183,670.