The Swiss Re Institute identified NatCat, agri, health, and mortality as four key perils - with the protection gap widening to US$1.8 trillion globally.
The Indian GST authorities are investigating a wider issue involving the alleged offering of fictitious services and fraudulent tax credits, which the demand forms part of.
This is the third year Bupa is offering a cashback scheme, which the insurer says is intended to provide financial relief to customers during a difficult time.