Posted inHumanities Cultural & Studies │ Volume 2 Issue 2

The reflection of covid-19 on the health insurance industry in Kerala

Full Article - PDF

Publication: 31/07/2022

Page: 10-17

Volume 2 Issue 2

How to cite 

Syama, U. S., Thomas, K. V. (2022). The reflection of covid-19 on the health insurance industry in Kerala. IRESPUB Journal of Humanities Cultural & Studies, 2(2), 10-17.

Syama U. S.1* & K.V. Thomas2

1Research Scholar at Lincoln University College, Malaysia and Assistant Professor at Marian College Kuttikkanam (Autonomous), Kerala, India

2Professor and Head, Research and PG Department of Commere, Marian College Kuttikkanam (Autonomous), Kerala, India

 
Abstract

The COVID-19 pandemic has affected almost all nations in the world including India. The pandemic and resultant lockdown has had a significant impact on business all over the world. Indian economy is among the 15 economies most affected by COVID-19. The lockdown in major cities in India seriously affected the working of public establishments like restaurants, amusement parks and movie theatres and they were shut down completely leading to a huge losses in their revenues. The pandemic and lockdown have also had a major impact on health insurance sector, which is one of the largest revenue sources for the general insurance industry. This paper is a report of an empirical study of the challenges faced by private health insurance companies and the mitigation strategies to overcome the crisis created by COVID-19 pandemic.

 
Keywords

COVID-19; Pandemic; Health insurance; mitigation strategies.

 
References
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  4. https://www.ibef.org/download/insurance-jan-2019.pdf
  5. Circular Ref. No.IRDAI/HLT/REG/CIR/054/03/2020
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