HomeNewsBusinessIPOLIC IPO-related reports claiming massive COVID-19 deaths in 2021 speculative: Government

LIC IPO-related reports claiming massive COVID-19 deaths in 2021 speculative: Government

The Health Ministry said that India has a very transparent and efficient system of reporting COVID-19 deaths, right from the gram panchayat level to the district and the state level.

February 21, 2022 / 09:50 IST
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LIC IPO (Representational image)
LIC IPO (Representational image)

The government has dismissed as "speculative" media reports related to LIC IPO data claiming that Covid-related deaths in 2021 could be much higher than those recorded officially. The country endured the devastating second wave of the pandemic during 2021 April and May.

The Union Health Ministry said on Saturday that India has a very transparent and efficient system of reporting COVID-19 deaths, right from the gram panchayat level to the district and the state level. The process of reporting deaths is monitored and carried out transparently, it said in a statement.

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It said that the media report related to IPOs proposed to be issued by the LIC has mentioned the details of policies and claims settled by the insurer to make a speculative and biased interpretation that Covid-related mortalities could be more than those recorded officially. "It is clarified that these reports are speculative and baseless," it said.

While claims settled by LIC relate to life insurance policies taken by policy holders for deaths due to all causes, the news reports conclude that this would imply Covid deaths were underreported, the statement said. "A flawed interpretation like this is not based on facts and highlights the bias of the author."