Insurers received 1.40 times more claims in the current year

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MUMBAI: The total number of claims received by general and health insurance companies in the current financial year so far is 1.50 times more than the number received in the financial year 2021. According to the General Insurance Council, as on August 8, 2013, general and health insurance companies have received 13.50 lakh claims covering a total of Rs 15 crore.

Council sources claimed that 4 per cent of the claims received in the current financial year have been settled.

Insurance companies have so far settled Rs 11.50 lakh in claims amounting to Rs 108 crore.

In the financial year 2021, insurance companies received 8 claims with an amount of Rs 120 crore. Out of which 203 claims have been settled. Rs 3 crore has been paid for this settlement, according to the council's figures.

Corona has so far received a total of 3 lakh claims from insurers out of which more than 20 lakh claims covering Rs 150 crore have been settled.

While the massive number of Coro-related claims has had an impact on the general insurance industry's profits, the impending risk of a third wave has raised concerns among insurers.

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