Hyderabad: Insurance companies receive 21,836 individuals and PMJJ Irdai.
Overall, general insurance companies and independent health companies receive more than 9.5 claims related to Covid treatment by 2020-21.
To help policy holders, Irdai direct insurance companies to complete Covid-19 death claims quickly and even extend the grace period for premium payments due in March and April 2020 to 31 May 2020.
In fact, with people who realize the importance of health insurance , General Insurance and Health Corporate Collect Rs 58,238 Crore as health insurance (excluding personal accidents and travel insurance) Premium, registered almost 15% growth in the previous year.
The health insurance business is classified into government-sponsored health insurance, group health insurance and individual health insurance and in terms of the premium amount collected, the highest group business share (48.26%), followed by individual businesses (44.37%).
While five states – Maharashtra, Karnataka, Tamil Nadu, Delhi UT and Gujarat contributed 66% of the total health insurance premiums.
In fact, Maharashtra himself contributed RS 18,354 Crore (32%) with a total health insurance premium.
Clean claims from the general health insurance business and health insurance companies reached Rs 40,718 Crore in 2020-21 compared to RS 34,058 Crore in 2019-20.
There was an increase in the claim ratio (ICR) health business from 88.4% in 2019-20 to 93.8% at 2020-21.
Insurers accept claims related to 9.5L covid treatment at FY21
