Insurers settled over 2.25 lakh death claims on account of COVID-19: IRDAI annual report

Over 2.25 lakh death claims due to the Covid-19 pandemic were settled by insurance companies up to March 2022, the Insurance Regulatory and Development Authority of India (Irdai) said in its annual report released on Thursday. It further said the general insurers and stand-alone health insurers received a huge number of Covid treatment related claims which the industry handled "quite efficiently" and settled claims approximating to Rs 25,000 crore.

As per the data in the report, a total of 26,54,001 health insurance claims were settled.

Irdai said insurance companies settled over 2.25 lakh death claims on account the pandemic and paid Rs 17,269 crore towards claims up to March 31, 2022.