Tag: General Insurance Council

Business

Second wave pushes Covid well being claims up by 27% at 10 lakh, Well being Information, ET HealthWorld

Well being insurance claims associated to Covid have jumped to 9.9 lakh that worths Rs 14,500 crore, up 27% from 7.8 lakh claims of price Rs 11,850 crore as on January 31, in line with sources within the General Insurance Council.The surge follows the second wave of infections that hit the nation in February 2021. ICICI Lombard General Insurance’s head of claims Sanjay Datta mentioned that March 2021 has recorded final yr’s peak figures pushed by claims filed from Maharashtra.Bajaj Allianz Basic Insurance coverage’s head of well being claims Bhaskar Nerurkar mentioned, “Claims utilized for Covid therapy have gone up by 50% at 150 claims per day in March, as in comparison with the bottom recorded in January at 100 claims per day.”On the brighter aspect, the typical ticket dimension of claim...
Business

Policyholders get solely 45-80% of Covid payments, Well being Information, ET HealthWorld

Chennai: Because the variety of folks hospitalised as a consequence of Covid rise, many discover that they should settle an enormous chunk of the bill out of their very own pockets regardless of having well being insurance.Policyholders are once more caught within the crossfire between hospitals and insurers over the remedy of consumables like private safety tools (PPE) kits leading to solely 45% to 80% of hospital bills being recoverable by clients.For 81-year-old diabetic and hip fracture affected person Okay Saraswathi, who was handled for Covid-19 for eight days received solely Rs 56,500 reimbursed of the full Rs 1.18 lakh bill from third-party administrator Raksha. Amongst different issues that have been disallowed included Rs 17,600 for PPE claims. Whereas insurers cite General Insur...