Covid-19 accounted for 11% health insurance claims in April-Aug: Study

As regards the cost of treatment, the insurance aggregator said Covid-19 treatment may cost more than Rs 10 lakh in case of prolonged hospitalisation

Treatment for Covid-19 accounted for as much as 11 per cent of the total health insurance claims paid by insurance companies during the first five months of the current financial year, says a research conducted by Policybazaar.com.

The research further revealed that 89 per cent of health insurance claims during April 1, 2020 and August 31, 2020 were for other major illnesses, including cancer, heart problems, kidney and treatment.

Policybazaar.com, which accounts for about 10 per cent of India's retail health insurance market, said the data pertains to April 1 to August 31.

The insurtech brand further said the increasing