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Rising toll sparks big rush to buy covid-19 insurance

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www.livemint.com

₹2 tn Mounting covid-19 deaths are causing a rush for insurance cover, making health policies against the virus the highest sellers in Indian insurance history, according to figures made available to Mint.In the April-August period, around 6 million people bought covid-19 health insurance policies—Corona Rakshak and Corona Kavach—for a total sum assured of at least ₹2 trillion.All other health products together recorded less than a third in sales at 1.78 million policies, while their total sum assured was less than half at ₹87,856 crore during the same period, according to industry estimates and regulatory records.Covid-19 insurance recorded the highest ever sales, at the fastest ever pace, for a health insurance product in these five.

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