Out of 1.7 per cent claims paid YoY only 1.1 per cent amount in claims paid YoY
On this World Malaria Day, SBI General Insurance has come out with a report which shows a reduction in the number of claims due to malaria in India. The company showcases the fact they have seen a significant decline in the data of paid claims for this disease in the last three years.
As per the data released by SBI General Insurance, the highest number of claims paid is seen in the millennials (Age 18-35). Although the distribution percentage for number of claims has seen a decline from 52.8 per cent to 45.5 per cent for the group – this may be due to improvement in hygiene and cleanliness drives through our country. The research also shows that males are more affected by the disease as compared to the females. In FY 18 -19, 65 per cent cases of claim settlement were seen in males whereas it is 37 per cent in the case of females.
As per the findings, the disease is more prominently seen in the non-metro cities where the percentage of claims is 52 per cent as compared to the metro cities where 48 per cent claims are seen. The major factor for this is the awareness of hygiene been more in metros than the non-metro cities.
Given below are some interesting trends that came up in the report:
- Out of 1.7 per cent claims paid YoY only 1.1 per cent amount in claims paid YoY.
- Age group of 18-35 has been seen highest number of claims Paid followed by 35 to 45 age group.
- 65 per cent of claims were paid to males, 35 per cent of claims were paid to females.
- Non-metro cities are seen 52 per cent of claims paid which are more than metro cities.
- Uttar Pradesh has been reported with the highest number of claims as well as amount for malarial fever related claims, followed by Madhya Pradesh and Gujarat.
Sukhesh Bhave, Head, Accident and Health Claims, SBI General Insurance said, “This World Malaria Day, we must all dedicate ourselves to end malaria. Our research shows that India has already started its journey towards this mission. Most of which has come due to the initiatives like Swatchha Bharat Abhiyaan and increased awareness towards hygiene and sanitation which is seen in every part of the country. There has been a significant decrease in the number of claims in the last 3 years. However, there is a lot to be done.”
He added, “We have seen people in the age of 18 -35 claim the highest number of claims for this disease. Most of them are male population who are exposed to the disease, due to extensive travelling and lifestyle. We believe in spreading awareness on good health this malaria day. It is important to be secured and protected from this dreadful disease as life is precious and should be lived to the fullest.”
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