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Covid-19 specific health insurance policies see good demand

The data from Irdai shows that in the current financial year till July, health insurance have seen premiums of Rs 18,415.52 crore compared to Rs 16,674.72 crore in same period last year.

The ongoing pandemic has led more individuals buying health insurance policies. The Covid-19 specific policies, which were launched by insurance companies on July 10, have seen high demand. Under ‘Corona Kavach’ insurers have sold around 7.5 lakh policies collecting premium of about Rs 215 crore, while ‘Corona Rakshak’ have received premiums worth Rs 29 crore by selling 1.83 lakh policies.

While speaking at the Ficci-Virtual Health Insurance Conference 2020 on Wednesday, TL Alamelu, member (Non-Life) of Insurance Regulatory and Development Authority of India (Irdai) said that there has been lot of interest from policyholders for health insurance. “Today health insurance has become biggest line of business in general insurance and probably by the year end it is likely

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