Over 39,000 fresh cases reported
India reported 39,361 fresh coronavirus infections on Monday, taking the cumulative caseload to 31.4 million, according to central health ministry data. The country saw 416 more deaths due to the pandemic, taking the death toll to 420,967. The active caseload is at 411,189, while the total recoveries have surged to 30.5 million. As many as 435 million vaccine shots have been administered since the nationwide inoculation programme kicked off on January 16. Of these, 1.8 million were given on Sunday.
Read more Insurers may hike premiums to offset rising Covid claims
The health insurance segment is likely to witness a spike in premium in the next couple of months amid a spike in claims and losses due to the pandemic, a report in The Indian Express said. This year, life insurance Covid claims have seen a jump of 4-5 times compared to last year. “As a result, insurance companies have experienced losses, with even big ones that were making profits for 10 years in a row. Health claims have also shot up with the Covid second wave hitting insurers hard,” said an insurance source. “With the third Covid wave expected any time, prices will be rising again for sure," said an official of a PSU general insurer.
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