Insurers see adverse claim ratio on Covid-specific health products | Business Standard News

Clipped from: https://www.business-standard.com/article/economy-policy/insurers-see-adverse-claim-ratio-on-covid-specific-health-products-121032601622_1.html

The regulator’s two Covid standard products – Corona Kavach and Corona Rakshak – have covered more than 4.7 million lives

Covid-specific health products, introduced last year by many insurers and subsequently by the insurance regulator via two standard policies, have been a hit among consumers but insurers are having a hard time dealing with claims. As of March 15, 13.3 million lives have been covered under specific products for a sum assured of Rs 13.29 trillion, shows the data compiled by the insurance regulator that is not publicly available.

The regulator’s two Covid standard products — Corona Kavach and Corona Rakshak — have covered more than 4.7 million lives. Earlier this week, …

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