Life insurers fear Q1 loss due to Covid, up provisions

Life insurance companies have increased provisions in the first quarter following higher-than-expected Covid-related death claims, which will hit bottom lines and result in a loss for some. The average number of Covid death claims in FY22 so far have gone up by 1.5x-2x, as compared to entire FY21, according to analysts.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3zDrUYQ