IMPACT OF COVID19 IN THE HEALTH INSURANCE SECTOR OF KERALA- WHAT INSURANCE COMPANIES CAN DO?

Author Name: 1. Josemartin J, 2. Jibin Mathew

Volume/Issue: 04/07

Country: India

DOI NO.: 08.2020-25662434 DOI Link: https://doi-ds.org/doilink/12.2023-16679218/UIJIR

Affiliation:

1. Lecturer, Government Higher Secondary School Thevarvattom, Poochakkal, Alappuzha, Kerala, India.
2. Research Scholar, Annamalai University, Annamalai Nagar, Chidambaram, Tamil Nadu, India.

ABSTRACT

COVID 19 is a world pandemic situation which is never experienced by the people before. In India, around three crore people is infected by Corona virus and around four lakh people died. Because of high death rate and speedy transmission of virus, people are afraid of their health and lives. High population and increasing number of patients makes the problem more critical. Indians were not much aware and less interested in health insurance as compared to foreigners. Kerala was a state which reports large number of COVID cases. Expensive treatment, fear of death and some other reasons due to COVID 19 will have been changed the attitude of people towards health insurance. Many insurance companies were introduced customised plans to cover COVID 19. This study is an attempt to analyse the change in the attitude of people towards health insurance due to COVID 19 and its impact on the health insurance sector. It also recommends what insurance companies can do further to attract more people .

Key words: Covid-19, Health, Insurance, Companies, Customers.