AI-enabled Tech platform ‘Bharat Claims’ supports 350 families to get insurance claims totalling Rs 10 crore
- Jun 29, 2022, 11.30 AM
- DealMoney News Service
The new age digital solution Insurance Tech ‘Bharat Claims’-App offers a bouquet of services which helps people to know even their free or hidden insurance policies.
So far, nearly 350 families have got claims totalling Rs 10 crore from their known and unknown or hidden insurance policies through ‘Bharat Claims.’
As per Union Health Ministry Data, over five lakh total COVID-19 deaths have been recorded till May this year. Compensation towards Covid death claims was reported under individual, group policies and the PM Jeevan Jyoti Bima Yojana (PMJJBY).
According to the Insurance Regulatory and Development Authority of India (IRDAI), life insurance firms settled 2.2 lakh Covid-19 death claims and have paid over Rs 17,000 crore since the pandemic hit the country in March 2020.
Apart from public and private sector insurers, banks, financial institutions, and the government provide life insurance cover with credit, debit cards, bank accounts, and Government schemes such as PM Jeevan Suraksha Bima Yojna and Jeevan Jyoti Bima Yojna, PM Gharib Kalyan Yojna (for Health workers fighting COVID-19), PF account and Gas Cylinders etc. There are many such insurance policies provided for free but due to lack of awareness, reluctance on the part of insurance companies, and complicated claim processes, nominees or families are not able to get the claims in case of a death in the family.
