Covid-19 brought in unprecedented challenges, the group insurers also faced a new set of challenges. So, the industry was already stressed due to the increasing medical costs, reduced demands, severe competition for markets share, etc. The bouts of waves are indicative of repeated economic disruptions and pressure upon medical infrastructure. In fact, the industry has […]
Articles Tagged: covid-19
Insurance claims for treatment trickle in, total over ₹58 lakh
Published in Livemint. It’s only a trickle so far, but health insurance companies have started receiving claims from covid-19 patients after the government allowed private hospitals to treat the disease last week. According to data compiled by the General Insurance Council, an industry body for non-life companies, as on 30 March, the insurance sector has […]
The critical importance of having a Directors and Officers Liability policy in the wake of the Covid-19 pandemic.
In today’s times, when Covid-19 is causing havoc both to human life and economic activity, a directors and officers liability insurance policy protect directors against many possible new and emergent risks, apart from the usual liabilities that it covers. 2020 has started on a threatening note as Coronavirus, a new strain of virus that originated […]
For senior citizens, a regular health cover works better than a dedicated policy
Published in Moneycontrol Senior citizens account for nearly 50 per cent of the total deaths (5,598) caused by the novel Corona Virus Disease-related (COVID-19) in India, as on June 2 and as per the Union Health Ministry’s data. The elderly make up just 10 per cent of the country’s population. This apart, individuals with co-morbidities […]