published by: Admin
Insurance Claims Rise 40%
Iranian insurance companies disbursed 147.8 trillion rials ($547 million) in payouts in the first four months of the fiscal year that started in March, posting a year-on-year growth of 39.9%.
Medical insurance accounted for 36% of total payouts, 54 trillion rials ($200m), up 69% on the same period last year. Third-party vehicle insurance was next 26.1% or 38.5 trillion rials ($142.5m) up 2% year-on-year.
The money was paid for 15.2 million cases, 19.9% higher than the same period a year ago. Medical insurance claims accounted for 94.12% or 14.3 million of total claims, up 21.2%.
The rise in medical insurance claims was largely due to the Covid-19 pandemic, which so far has infected 5.1 million people. The official death toll reached 110,064 on Sunday while 4.3 million have recovered.
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