According to data published by the General Insurance Council, the number of Covid-19 claims as of 1st December 2020 reached 634 000 files for a total of 1.29 billion USD. 46% of them were compensated by Indian insurers for 600 million USD.
The local insurance companies expect a significant increase in the health loss ratios.
Read also | Covid-19: Increasing compensation claims in India [4]
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[3] https://www.atlas-mag.net/en/issue/lessons-from-covid-19
[4] https://www.atlas-mag.net/en/article/covid-19-increasing-compensation-claims-in-india