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84% Covid claims got settled; average payout per claim is Rs 96k

84% Covid claims got settled; average payout per claim is Rs 96k ​ By IANS | ​ 5 Views Insurance.. Image Source: IANS News Chennai, April 30 : The non-life insurance industry has settled about 84 per cent of the Covid-19 claims lodged till date with the average pay out per claim being about Rs 96,000. A senior industry official preferring anonymity told IANS that the industry received a total about 11.05 lakh Covid-19 claims amounting to about Rs 15,570 crore since the pandemic broke out in India last year. It is learnt the average amount per claim is about Rs 1,40,085, while the average payout per claim is Rs 95,777. The total payout made by the non-life insurers towards Covid-19 claims is about Rs 8,900 crore.

Around 85% COVID-19 claims settled; average payout Rs 96,000

Around 85% COVID-19 claims settled; average payout Rs 96,000 Insurance/ Representational Image The non-life insurance industry has settled about 84 percent of the COVID-19 claims lodged till date with the average pay out per claim being about Rs 96,000. A senior industry official preferring anonymity told IANS that the industry received a total about 11.05 lakh COVID-19 claims amounting to about Rs 15,570 crore since the pandemic broke out in India last year. It is learnt the average amount per claim is about Rs 1,40,085, while the average payout per claim is Rs 95,777. The total payout made by the non-life insurers towards Covid-19 claims is about Rs 8,900 crore.

A year on, ills still plague cashless health insurance access

A year on, ills still plague cashless health insurance access Updated: Updated: Hospitals denying cashless treatment to eligible health insurance policy-holders Share Article Hospitals denying cashless treatment to eligible health insurance policy-holders A year on, some aspects about COVID-19 refuse to change as evident from a recent tweet of Union Finance Minister Nirmala Sitharaman on hospitals denying cashless treatment to eligible health insurance policy-holders. It remains a concern, especially for people who opted for the covers in the wake of pandemic and after witnessing families exhaust savings on the treatment. Though the tweet did not share specifics and referred to reports, it was enough for insurance regulator IRDAI to swing into action. It issued two advisories, asking health insurers to ensure network providers (hospitals) extend cashless treatment as well as lodge complaints against hospitals denying the facility to respective State governments.

Health Insurance Coronavirus Hospital Bills: Your Health Insurance Policy Will Not Pay These Charges Of Covid-19 Hospital Bills - आपकी हेल्थ इंश्योरेंस पॉलिसी में शामिल नहीं हैं ये चार्जेज, अपनी जेब से करना होगा भुगतान

Health Insurance Coronavirus Hospital Bills: Your Health Insurance Policy Will Not Pay These Charges Of Covid-19 Hospital Bills - आपकी हेल्थ इंश्योरेंस पॉलिसी में शामिल नहीं हैं ये चार्जेज, अपनी जेब से करना होगा भुगतान
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