death claims: Life insurance companies see 5-10x surge in Covid claims in April | Business


Jun 14, 2021, 04:10PM ISTSource:

The second wave of Covid has pushed up claims for life insurance companies by 5-10 times for April 2021. This follows 1.9 lakh Covid-related deaths since April 1, 2021, which is 17% higher than lives lost to the pandemic in the entire FY21. The 5-10 times increase in the number of death claims is based on enquiries with life insurance companies and industry bodies by Macquarie.

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