There was one day strike in the three Public Sector General Insurance companies on Wednesday. A day before Lok Sabha passed the General Insurance Business (Nationalization) Amendment Bill 2021. The amendment, most importantly, omits section.
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6 reasons why insurers are rejecting short-term Covid-specific policy claims
Insurance companies in India are rejecting a bulk of Covid-specific policy claims during the second wave. The growing number of insurance claim rejections has worried experts. Find out on what grounds insurance companies are rejecting Covid claims.
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UPDATED: May 19, 2021 15:08 IST
There has been a sharp increase in Covid-specific insurance claim rejections over the past month. (Photo: PTI/Representational image)
The second wave of the Covid-19 pandemic has led to an overwhelming number of serious cases requiring medical treatment and hospitalisation. As a result, Covid-related insurance claims have gone up, but a bulk of such requests are not being honoured by insurance companies.
With hospitals staggering under rising COVID-19 caseloads, hotels are acting as step-down care centres, providing additional beds, monitoring doctors and nurses on call