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Covid-19 claims to exceed 50% of Q1 health payouts; 16,000 crore cleared SECTIONS Share Synopsis “As an industry, we had 10 lakh claims in the first quarter of this year, which is the same as the number of claims for the whole of last year. The claims are close to the provisions that we had made last year,” said Ritesh Kumar, MD & CEO, HDFC Ergo General Insurance. Insurance companies have already settled claims of more than Rs 16,000 crore due to Covid and the numbers are still rising, according to industry executives. (This story originally appeared in on Jul 26, 2021)Even as the second wave of Covid ebbs, claims continue to pour in for health insurance companies. As a result, payout due to Covid-19 claims is likely to exceed the insurance claims of other ailments in the first quarter of the current fiscal.

Amit chhabraRitesh kumarஅமித் சாப்ராரித்தேஷ் குமார்