The scope for growth in India continues to remain positive given the climate, young demographics and increasing disposable income, according to the company.
Though not all these deaths were a result of Covid-19, the pandemic did play a major role in causing abnormally high number of deaths, both directly and indirectly.
In its report titled 'APAC Economic Outlook: The Delta Roadblock', Moody's Analytics said social distancing is weighing on the current quarter, but economic recovery will resume by the year-end.
SBI Life said there was a sharp increase in claims due to the impact of the second wave of Covid-19.
Moreover, a pick-up in vaccination would support faster normalisation of mobility levels and of related economic activities, Kumar Mangalam Birla said.
The study also found that the actual number of Covid-19 deaths reported from across the country might be about seven to eight times higher than the official figures.
The team found that the antiviral response, driven by a family of proteins called interferons, was much more muted in patients who went on to develop severe COVID-19.
As enforcement activities became lax with relaxation of curbs, roadside vendors, shopkeepers and customers no longer adhere to the safety guidelines and many people have stopped wearing masks.
The bereavement support to the families of the partners includes measures such as funding the education of up to two children for five years.
Notably, in April this year, 22 patients died after the oxygen supply was disrupted at a Nashik hospital due to leakage in an oxygen storage plant, local officials had said.
The Kejriwal government is still ready for an independent audit of each death due to oxygen shortage if the Centre allows it to form the committee, he added.
The study estimates that 1,134,000 children lost a parent or custodial grandparent due to COVID-19. Of these, 10,42,000 children lost their mother, father or both.
The Union Health Ministry said that while health is a state subject, all states report cases and deaths to it on a regular basis, as per detailed guidelines for reporting deaths.
A total of five cases, that included a death after administration of Covishield in a 57-year-old male in February, however, were found to be “coincidental”, not directly linked with vaccination.
The TPR went up to around 30% but it has now come down to 10.4%.