Unlock BFSI 2.0: Indians learnt importance of health insurance after Covid

The Covid-19 pandemic has made Indians understand that necessity of taking a health cover, something that the insurance industry could not do so far despite all their campaigns.

But the crisis has also brought in a new challenge for general insurance providers, with claims doubling every 30 days. Even as health insurers have liquid assets of at least 50 per cent of their claims, this is a huge business risk that will continue to hang over their heads till there is a lid on the crisis, top general insurers said at the Business Standard virtual conclave Unlock BFSI 2.0.

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