Average Covid-related claim size is Rs 1.2 lakh: Krishnan Ramachandran, Max Bupa Health Insurance

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The reality is that as you grow older, you tend to fall sick and the cost of care is the highest.

Synopsis

“Across the industry and in Max Bupa, cases started to rise towards the end of August and there was a significant rise in claims on account of Covid. Nearly 25-30% of our claims on a month-on-month basis have been related to Covid. Max Bupa has paid in excess of 10,000 claims for Covid (April-November).”

While standardisation of products has built trust, the real jump in terms of the rise in demand for health insurance has specifically been on account of Covid, Krishnan Ramachandran, MD & CEO, Max Bupa Health Insurance tells ET Wealth.How has Covid impacted business in terms of rise in awareness and sale of health insurance?Yes, there has been increased awareness that has translated into demand. To quantify it for Max Bupa, the premium

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