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Over half of FY21 Covid mediclaims filed in just six weeks


Over half of FY21 Covid mediclaims filed in just six weeks
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As of March 31, non-life companies including health insurers received 9.8 lakh claims for Rs 14,560 crore for treatment of Covid-19. This went up to 14.8 lakh as of May 14, 2021, for a total value of Rs 22,955 crore.
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Another trend is that an increasing number of claims are coming from tier II and tier III towns.
(This story originally appeared in
on May 17, 2021)Health insurance claims due to Covid reported since April 1, 2021 are 57% of the claims filed in the year ended March 2021. Non-life insurance companies are seeing a sharp spike in claims, which could impact their balance sheets if the trend continues. ....

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Covid insurance claims in first 6 weeks of FY21 are 57% of last year


Covid insurance claims in first 6 weeks of FY21 are 57% of last year
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Covid insurance claims in first 6 weeks of FY21 are 57% of last year
Mayur Shetty / TNN / May 17, 2021, 02:33 IST
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MUMBAI: Health insurance claims due to Covid-19 reported in the first six weeks of FY22 are 57% of the claims reported for the whole of FY21. Non-life insurance companies are seeing a sharp spike in claims and say that this could have a balance sheet impact if the trend continues.
As of March 31, non-life companies including health insurers received 9.8 lakh claims for Rs 14,560 crore for treatment of Covid-19. This went up to 14.8 lakh as of May 14, 2021, for a total value of Rs 22,955 crore. This means that in the first 44 days, Covid claims amounted to Rs 8,385 crore which is 57% of the pandemic-related claims for FY21. ....

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Policyholders get only 45-80% of Covid bills


Policyholders get only 45-80% of Covid bills
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“How can a hospital treat a patient without PPEs?” asked an official at the Insurance Ombudsman office . We used to get a few cases last year, now we have 88 pending cases, 70% to 80% of which are short settlements,” the official said.
(This story originally appeared in
on May 04, 2021)CHENNAI: As the number of people hospitalised due to Covid rise, many find that they have to settle a big chunk of the bill out of their own pockets despite having health insurance. Policyholders are again caught in the crossfire between hospitals and insurers over the treatment of consumables like personal protection equipment (PPE) kits resulting in only 45% to 80% of hospital bills being recoverable by customers. ....

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In the renewal of the health policy, the policy holders will have to pay more charge, the earnings of hospitals y {] r | हेल्थ पॉलिसी के रिन्यूअल में पॉलिसी धारकों को देना होगा ज्यादा चार्ज, अस्पतालों की कमाई बढ़ी

In the renewal of the health policy, the policy holders will have to pay more charge, the earnings of hospitals y {] r | हेल्थ पॉलिसी के रिन्यूअल में पॉलिसी धारकों को देना होगा ज्यादा चार्ज, अस्पतालों की कमाई बढ़ी
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