Insurance Companies Settled 93 Percent Cases Of COVID-19

By bringing the COVID epidemic under the purview of health insurance, the central government has given great relief to the people. Ever since the outbreak of the pandemic, COVID has been brought under health insurance, government insurance companies have filed COVID insurance claims worth Rs 17,537 crore till December 2021.

Union Minister of State for Finance Bhagwat Karad told the Lok Sabha that as on December 31, 2021, 14.92 lakh insurance claims have been received by public sector insurance companies related to COVID, out of which 93 per cent claims have been settled. He also said that despite the additional burden of claims related to COVID, the overall profit of the public sector companies during the period of one and a half financial years after the onset of the epidemic was registered at Rs 4,101.34 crore.